Secondaries Fundraising Surpasses Record
More capital was raised for the strategy between Q1 and Q3 than the $118bn gathered in 2023.
The secondaries market is on a fundraising tear this year, already outpacing its prior full-year record set in 2023. Funds raised $132.91 billion through the first three quarters of this year, according to Secondaries Investor data.
In 2023, the secondaries market marked a full-year fundraising record with $118.09 billion raised.
This year saw the largest Q3 total ever, with funds collecting nearly $41.03 billion from July through end-September, surpassing last year’s record-setting Q3, which was just shy of $38 billion.
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Author summary: Secondaries fundraising breaks record.