Coming off back-to-back all-time annual highs, secondaries fundraising has continued at a strong pace in 2018. With secondaries investment volume at record levels, that recently raised capital is quickly being put to work—which could lead to sustained strength in fundraising. Many of the largest managers, including Ardian and Coller Capital, are already back in the market with new multibillion-dollar offerings. Additionally, many established secondaries general partners (GPs) continue to expand into more niche areas with sector- or region-focused funds, which should sustain fundraising activity in the coming quarters. PitchBook's latest analyst note provides an overview of the current secondaries market and array of strategies being deployed.
In addition, PitchBook also has provided an interactive market map that provides an overview of the GPs within this rapidly evolving space. Click here
Note: We updated this note on November 28, 2018 to correct data errors in the "Select open secondaries funds" table on page 3.