News & Analysis

PE secondaries funds raise $15bn in H1

Fundraising during the first two quarters was led by Ardian’s $9bn AXA Secondary Fund VI, according to PEI’s Research and Analytics division.

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Private equity secondaries funds raised a total of $15.62 billion during the first half of 2014, according to PEI’s Research and Analytics division.

The fundraising was led by the closing of the largest secondaries vehicle to date – Ardian’s AXA Secondary Fund VI, which raised $9 billion in April.

Other funds that raised significant amounts of capital during the period include Blackstone Strategic Partners Fund VI, which had collected more than $1.5 billion as of April; Lexington Capital Partners Fund VIII, which had collected more than $3 billion as of March; and Landmark Equity Partners XV, which had collected $1.41 billion as of January.

Private equity secondaries fundraising is on track to surpass the last six years of capital raised. About $20.42 billion was raised in all of 2013 and $21.68 billion was raised in 2012.