Funds

Chart of the Week: Percentage changes for strategic fundraising

Only two strategies managed to raise more capital in H1 this year compared to H1 last year 

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Secondaries fundraising increased the most in the first half of this year compared to last. There were 12 secondaries funds that closed collecting $15.6 billion. Almost 60 percent of this capital was from the largest secondary fund of all time, AXA Secondary Fund VI. Investors of the fund include Swift Capital Partners GmbH, Florida State Board of Administration (SBA) and Michigan State University.

Distressed / turnaround funds raised less capital across the two stated periods. With four months to go till the year end, there are still many funds targeting distressed opportunities on the roadExamples include Oaktree Principal Fund VI and MHR Institutional Partners IV which are targeting $3 billion and $2.75 billion respectively.