Fundraising update: 35 funds target $26.11bn

At least ten new funds were raised or announced in recent months with a total of $10.79 billion, PEI data disclosed.

There are currently at least 35 private equity secondaries funds in market or coming to market in the near-term, with an aggregate target of $26.11 billion, according to PEI’s Research and Analytics division.

At least ten new funds were raised or announced in May, according to PEI data, totalling $10.79 billion in targets. This accounts for just over 40 percent of the total funds in market by value.

In Europe, Pollen Street Capital is looking for £300 million for its SOF Annex Fund, and Mantra was targeting €50 million for its Mantra Secondaries Opportunity Fund.

Ardian’s $9 billion Secondary Fund VII accounted for the bulk of the May figure.

Top three global secondaries funds in market

Top two American secondaries funds in market

Fund Manager Fund name Target
Permal Capital Management Permal Private Equity Opportunities V $500 million
Origami Capital Partners Origami Opportunities Fund III $450 million

Top two European secondaries funds in market

Fund Manager Fund name Target
Fondinvest Capital Fondinvest X €400 million
Arcis Group European Secondary Development Fund V €350 million

Source: PEI’s Research and Analytics division