Largest ever fund closure in 2016 is followed by multi-billion dollar vehicles at start of 2017

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Largest ever fund closure in 2016 is followed by multi-billion dollar vehicles at start of 2017
By Katrina.Tuliao (https://www.tradergroup.org) [CC BY 2.0], via Wikimedia Commons

Largest ever fund closure in 2016 is followed by multi-billion dollar vehicles at start of 2017

2016 Hedge Fund Letters

The private equity secondaries market has enjoyed robust fundraising in recent years, and 2016 marked the second-highest level of capital ever raised. Preqin’s year-end secondaries update finds that 2016 fundraising was driven by the largest ever secondaries vehicle, the $11bn Ardian Secondary Fund VII. In the same vein, 2017 has already seen several large secondaries funds reach a final close, including the $7.5bn Strategic Partners Fund VII, which became the fourth-largest secondaries vehicle of all time. With more multi-billion dollar funds still seeking capital from investors, 2017 may be another record-breaking year for the private equity secondaries market.

The 2017 Preqin Global Private Equity & Venture Capital contains further analysis on the secondaries market and the private equity industry: please contact press@preqin.com for a complimentary press copy.

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