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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.
GSAM has agreed to buy around $200m worth of stakes in Terra Firma's 2007 fund, famous for its EMI investment.
The deal included tail-end European buyout stakes from Charterhouse Capital Partners and EQT.
This is the seventh deal from the firm's 2bn SKr Verdane VIII fund, which is now over two-thirds invested.
The mezzanine powerhouse is expected to have raised a third of its target for the fund, which will focus on restructurings.
Higher public exposure and limited upside in tail-end fund stakes will drive pricing further apart for good- and poor-quality assets, according to a new report.
The VC secondaries firm is targeting the same amount it raised for its previous dedicated secondaries fund.
Tail-end opportunities, the beauty of volatility and the proliferation of GP-led transactions were among the topics broached at an industry event in London this week.
The National Bank of Greece has signed a €288m deal to spin out its private equity unit 18 months after proceedings began.
The Carlyle Group's fund of funds unit has expanded with the hire of an ex-Bain Capital vice-president on its secondaries team.
Ashley Johansen, a partner responsible for fundraising, has left the firm just a month after the firm closed its biggest-ever secondaries fund.
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