This is the first year PEI's sister publication Secondaries Investor has compiled the Si30: a ranking of the top 30 managers of dedicated capital raised for secondaries investments over the last five years.
One firm is the clear leader: Ardian. The Paris-headquartered investment firm raised $8 billion more than its closest rival, Lexington Partners, having amassed almost $29 billion in secondaries capital since 2011.
“Fundraising is always a long and tough process,” Benoît Verbrugghe, head of Ardian US, told Secondaries Investor. As investors become better educated about secondaries and as the firm proves itself to be a reliable partner, fundraising is becoming smoother, he said, adding that the market has not reached its peak.
Read more by visiting Secondaries Investor.