Fundraising for dedicated secondaries vehicles so far in 2020 has broken all records, and the tally is likely to go considerably higher still before the year is out.
Funds that held final closes during the first three quarters of the year raised $59.7 billion, exceeding all full-year tallies on record, according to Secondaries Investor data. The average fund to close was $1.7 billion in size, the first time this figure has exceeded $1 billion.
With HarbourVest Partners‘ Dover Street X closing early in the fourth quarter on $8.1 billion, and expected closes for funds including Goldman Sachs Asset Management and Coller Capital, fundraising could increase by at least $20 billion before the year is out.
Download the full presentation as a PDF here.
Download the data here.
Find the Secondaries Investor database here.