Fundraising for secondaries appears to have lost momentum, with closed funds raising $31.6bn in Q3. That figure represents a decrease of 18% compared with the same period last year.
The slowdown comes as the cumulative total for the first three quarters reached $80.5bn. Secondaries Investor reports that the pace of capital raising has cooled relative to the prior year, signalling a more cautious environment for fund managers seeking commitments.
The source article, written by Katrina Lau, is part of Secondaries Investor's coverage of the secondaries market, which spans GP-led and LP-led transactions. The publication provides daily market news, research and data on fund performance and investor activity.
The full article is available to registered users of Secondaries Investor, which offers curated insights and data-driven tools for tracking developments across the secondaries market.
Source: Secondaries Investor · Summarized by HeadlinesBriefing