Lexington and Coller drive fundraising activity

Recently launched funds from Coller Capital and Lexington Partners are driving secondaries targets to a much higher level than a year ago.

Around 51 private equity and real estate secondaries funds are in market seeking a combined $42 billion, according to PEI data. The largest of these is Lexington Capital Partners IX, which came to market in February and is targeting $12 billion.

Second on the list is Coller International Partners VIII, which is seeking $9 billion, Secondaries Investor has learned.

A spokesman for the firm declined to comment on fundraising.

Landmark Partners‘ Landmark Private Equity Partners Fund XVI is seeking the third-largest amount. The fund is seeking $4 billion and is edging towards a final close, as Secondaries Investor reported.

In the first quarter of 2017 there were at least 57 private equity and real estate secondaries funds targeting around $33 billion. Goldman Sachs Asset Management‘s Vintage VII was the largest fund in market, seeking $5 billion. It closed on $7.15 billion in July, according to PEI data.

The average size of fund stands at $795 million, up from $602 million one year ago. The five largest private equity and real estate secondaries funds in market are as follows:

This article was updated to show that Vintage VII closed on $7.15 billion.