Fundraising update: 51 funds target $28bn

The number of dedicated funds and the aggregate amount of capital they are seeking remains little changed compared with a year ago, according to PEI data.

There are 51 dedicated private equity secondaries funds in the market or coming to market soon, targeting an aggregate $28 billion, according to PEI data. This compares with 50 dedicated secondaries funds targeting $28.2 billion at the same time last year.

Top 3 global secondaries funds in market

Fund Manager Fund Target
Goldman Sachs Vintage VII $5 billion
Landmark Partners Landmark Equity Partners $4 billion
Lexington Partners Lexington Middle Market Investors IV $2 billion

 

Top 3 North America-focused secondaries funds in market

Fund manager

Fund

Target

Lexington Partners Lexington Middle Market Investors IV $2 billion
Pomona Capital Pomona Investment Fund $500 million
Auda International Auda Secondary Fund IV $400 million

Top 3 Europe-focused secondaries funds in market

Fund Manager Fund Target
Idinvest Partners Idinvest Secondary Fund III €400 million
Keyhaven Capital Partners Keyhaven Secondaries Fund II €350 million
 Unigestion Unigestion Secondary Opportunity Fund IV  €300 million

Top 3 Asia-Pacific-focused secondaries funds in market

Fund Manager

Fund

Target

Asia Growth Capital Advisors Asia Growth Capital Secondaries Fund 1 $500 million
Auda International Auda Asia Secondary Fund $200 million
Ant Capital Partners Japan Fund IV ¥20 billion ($183 million; €170 million)