AIC: Secondary fundraising eclipses 2019 levels

Fundraising by investment companies totals over £8bn so far

Fundraising by existing investment companies, or secondary fundraising, has already surpassed 2019 levels, raising £8.71bn in 2021 so far in 2021.

The previous record for secondary fundraising was set in 2019, with £7.35bn raised across the year. The secondary fundraising boom has been led by investing in the renewable energy infrastructure sector, which has raised £1.69bn in 2021. This was followed by infrastructure (£988m) and growth capital (£803m). The largest individual fundraising from an investment company has been from Schiehallion, who raised £503m, followed by Digital 9 Infrastructure, which raised £300m in its IPO in March then went on to raise £450m more. There were nine IPOs raising £2.1bn in 2021, which already ...