Secondaries make up 6.7 percent of all private equity capital raised in 2014, up from 4.8 percent in 2013, according to PEI’s Research and Analytics division.
Last year 24 private equity secondaries funds raised a record $25.1 billion, compared to 27 funds that raised $20.6 billion in 2013.
Secondaries became a more popular investment strategy for private equity funds. It ranked fourth in 2014, as a proportion of all private equity capital raised, and fifth in 2013.
The bulk of private equity funds raised were buyout funds, which raised a total of $197.9 billion. This represented 52.7 percent of total capital. Venture capital/growth equity funds followed – $74.2 billion or 19.8 percent of private equity capital raised and mezzanine/debt funds closed on $50.3 billion, or 13.4 percent of capital.Source: PEI’s Research and Analytics division