Secondaries funds in Europe target $2.8bn in Q1

The French private equity firm Committed Advisors looked to raise the most from investors in the first quarter of 2014, data from PEI Research & Analytics shows.

The French private equity firm Committed Advisors looked to raise the most from investors in the first quarter of 2014, data from PEI Research & Analytics shows. Committed Advisors Secondary Fund II had an aggregate target of €400 million.

Aberdeen Asset Mangement and Unigestion hoped to raise €300 million for Aberdeen European Secondaries Real Estate and Unigestion Secondary Opportunity Fund III, respectively.

Number of European funds in the market

London-based private equity firm Keyhaven Capital was the smallest of the eight funds in the market with a target of €150 million.

In total, European funds in the market were looking to raise a combined $2,768 million according to the PEI data.

The figure was more than the total target for funds in the Asia-Pacific region ($1,062 million) but less than the $3,275 million that secondaries funds in the Americas were hoping to raise.

Funds in the market by region