Adam Le
Adam Le is Senior Editor, EMEA, for PEI Group's private equity publications, overseeing the flow of global news and analysis for Private Equity International and Secondaries Investor. Based in London, Adam works closely with private equity-focused colleagues across PEI's offices in New York, London and Hong Kong. Prior to PEI, his roles included reporting on finance and technology for Bloomberg Japan.
Florida's State Board of Administration has committed more than $1bn to secondaries vehicles since 2010. Secondaries Investor caught up with John Bradley, senior investment officer at the $180bn pension, about why it lowered its allocation target and how LPs see secondaries.
Secondaries Investor recently caught up with Stephen Ziff, a London-based partner responsible for origination and execution, who shared his views on GP-led restructurings, investing its Fund VII and Brexit.
The private equity industry and insurance firms in particular can benefit from securitisation, according to Park Hill's Larry Thuet and Pablo Caló.
Almost all other strategies had a drop in returns, according to the benchmark which measures data from over 3,000 funds.
Temasek’s recent bond issuance is a sign the market is once again receptive to securitisation deals for private equity portfolios.
Taiwan's second-biggest financial holding company has invested at least $120m in secondaries funds over the last year including those managed by StepStone and Coller Capital.
The investment bank has hired two managing directors and an associate for its illiquid financial assets unit to focus on balance sheet deleveraging.
The $564m vehicle, the largest of its kind for the firm, will focus on smaller portfolios and complex deals.
The niche secondaries firm raised over $660m for its latest fund that will focus on liquidity, carve-outs and strips, clean-ups and opportunistic strategies.
The remaining assets in the real estate manager's 2006-vintage fund were moved into a new vehicle with Madison investing 20% of the new fund.
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