Fundraising update: 52 funds target $34bn

Dedicated private equity secondaries vehicles are seeking $10bn less in total than they were this time last year, according to PEI data.

There are 52 dedicated private equity secondaries funds in market or coming to market targeting an aggregate $34.3 billion, according to PEI data. The same number of dedicated secondaries funds were targeting $44.6 billion at the same time last year.

Top 3 global secondaries funds in market

Fund name Target
Strategic Partners Fund VII* $5.8bn
Goldman Sachs Vintage VII $5bn
Landmark Equity Partners XVI $4bn

*Expected to close on $7.5bn between December 2016 and January 2017.

Top 3 North America-focused secondaries funds in market

Fund name Target
Lexington Middle Market Investors IV $2bn
Pomona Investment Fund $500m
Auda Secondary Fund IV $400m

Top 3 Europe-focused secondaries funds in market

Fund name Target
Idinvest Secondary Fund III €500m
SOF Annex Fund £300m ($362m; €342m)
Keyhaven Secondaries Fund II €350m

Top 3 Asia-Pacific-focused secondaries funds in market

Fund name Target
Asia Growth Capital Advisors $500m
Auda Asia Secondary Fund $200m
Japan Fund IV ¥20bn ($175m; €165m)

Source: PEI data.