Secondaries fundraising falls in 2015

While this is the first time secondaries fundraising has fallen since 2010, the secondaries market is not experiencing a downturn.

Secondaries funds raised less capital in 2015 compared with a year earlier, despite the largest ever secondaries fund closing last year, Secondaries Investor reports.

Thirteen dedicated private equity secondaries funds held final closes on a total of $19.3 billion, compared with $29.5 billion raised by 29 firms in 2014, according to PEI’s Research and Analytics division.

Two funds accounted for the bulk of capital: Lexington Partners‘s Lexington Capital Partners VIII made up over half of the total raised, closing above target on a record $10.1 billion in April.

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