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Secondaries fundraising soars during summer

Funds raised grew by 40 percent between June and October to $37.07 billion.

It was a busy summer for secondaries and the fundraising market was no exception.

The dollar amount of secondaries funds being raised grew by nearly 40 percent between June and October to $37.07 billion, according to data provided by PEI Media’s Research and Analytics and reported by Secondaries Investor.

That figure does not include HarbourVest Partners’s Dover Street IX, whose target is undisclosed but will likely be more than its latest $3.6 billion eighth fund, as previously reported by Secondaries Investor.

Several large new funds came to market over the summer. Blackstone’s Strategic Partners, which is already raising a dedicated real estate secondaries fund, launched Strategic Partners Fund VII, targeting $5.5 billion.

To read more of this story, visit http://www.secondariesinvestor.com.