Fundraising

The 'relationship business' of private equity is under threat as GPs and LPs pivot to working virtually in the face of the pandemic, a panel has heard.

The 10 largest secondaries funds in market are targeting a combined $50.05bn, roughly equivalent to the record amount raised in H1 2020.

The $257bn collected by the 30 firms comprising our latest ranking of the secondaries market's biggest fundraisers could be small fry in years to come.

A chart showing the biggest fundraisers in the secondaries market and how much they've collected over a five-year period.

HSBC Vision Private Equity 2020 Fund raised the capital to invest across primaries, secondaries and direct co-investments.

Stafford expects infrastructure secondaries deal volume to almost double by 2025 to $10bn.

Top Tier Venture Velocity Fund III is targeting $300m to invest in a VC secondaries market where prices declined by 7 percentage points during the first half.

The close of Pantheon Global Secondary Fund VI and related SMAs pushes secondaries fundraising for this year to an all-time high.

The fund, which will be managed by Allianz Capital Partners, will invest in infra funds directly, via secondaries as well as in co-investments.

Headlands Capital was founded by former Paul Capital managing partner David Park and Hoover Investment Management executive David Cost.