Fundraising update: 56 funds target $32bn

Two funds managed by Blackstone's Strategic Partners and HarbourVest Partners account for almost a third of the total capital being sought for private equity secondaries strategies.

There are currently 56 dedicated private equity secondaries funds in market or coming to market shortly, targeting an aggregate $31.9 billion, according to PEI Research & Analytics. This compares with 29 dedicated secondaries funds targeting $24.2 billion at the end of the second quarter of last year.

Top 3 global secondaries funds in market

Fund name Target
Strategic Partners Fund VII $5.8 billion
Dover Street IX $3.6 billion
Crown Global Secondaries IV $2.5 billion

Top 2 North America-focused secondaries funds in market

Fund name Target
ICG Strategic Secondaries Fund II $1 billion
Lexington Middle Market Investors IV $1 billion

Top 2 Europe-focused secondaries funds in market

Fund name Target
Idinvest Secondary Fund III $500 million
Unigestion Secondary Opportunity Fund III €400 million

Top 2 Asia-Pacific-focused secondaries funds in market

Fund name Target
Asia Growth Capital Secondaries Fund I $500 million
NewQuest Asia Fund III $500 million

Source: PEI Research & Analytics.