Fundraising strong in 2016

Secondaries fundraising is strong in 2016 with levels already exceeding the total raised for the whole of last year and well on the way to matching 2014’s record high.

Paris-headquartered Ardian has raised more than $30 billion across four vehicles since 2010 and its ASF VII was the largest to close this year at $14 billion, which includes $10.8 billion of dedicated secondaries capital.

Vehicles on the road include Blackstone Strategic Partners’ Fund VII, the largest secondaries fund in market as of mid-October, which has already smashed its $5.75 billion target by $800 million.

Meanwhile, Goldman Sachs Asset Management’s Vintage VII fund, trailing slightly with a target of $5 billion, has accumulated at least $3 billion since its launch in May.