Twenty-seven secondary funds are out seeking capital, according to a report from Preqin.
The funds hope to raise $19.8 billion from investors with a majority of the new investment vehicles focused on North America.
According to Preqin, 59% target stakes in North American private equity funds, while 30% set their sights on Europe. The remaining 11% look toward Asia and the rest of the world.
About half of the funds have had interim closings and are deploying capital, says Preqin.
The report highlights two funds from among the group. ICECAPITAL Nordic Secondary Fund, managed by ICECAPITAL Asset Management, seeks to develop a private equity portfolio in the Nordic region.
Altamar V Private Equity Program has its eye on investments in buyout funds largely in the United States and Europe.