Secondary funds exceeded targets 63 percent of the time, indicating a high level of interest in the secondary market among limited partners.
Buyout funds also did extremely well in 2013 with 80 percent of funds at least reaching targets or exceeding them. Apollo Investment Fund VIII, CVC European Equity Partners VI and Carlyle Partners VI all exceeded their stated expectations. Warburg Pincus Private Equity XI, one of the mega funds unable to reach its target of $12 billion, closed at $11.2 billion.
Note: Only funds that published a target are included in the data.