Secondaries fundraising January through end-September was bolstered by large vehicles managed by Blackstone Strategic Partners and Goldman Sachs Asset Management.
Unrealised assets in private credit funds sit at around $1.5trn, partner and global head of private credit Rick Jain told Secondaries Investor this year.
JPMorgan re-joins the secondaries fray as the firm’s last secondaries fund closed in 2016.
The firm expects to hold the final close on Lexington Capital Partners X at the end of the year.
The VS secondaries firm's 10th flagship has closed on $1.45bn, making it 70% larger than its previous effort.
There has never been a better time for secondaries funds to deploy capital, Harold Hope, GSAM's global head of secondaries, tells Secondaries Investor.
The mid-market-focused firm is more than two-thirds towards the target of its third vehicle.
The European direct secondaries specialist enjoyed a re-up rate of over 100% for Fund XI.
Whitehorse Liquidity Partners VI would be 13% larger than its predecessor, which closed on $5.3bn in July.
Crown Global Secondaries VI was launched a year ago, Secondaries Investor data shows.
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