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.
The $344bn sovereign wealth fund has tapped a secondaries professional to beef up its investment capabilities.
The Norwegian asset manager, which has $1.8bn in private equity assets, held the EQT V interest through its secondaries vehicle.
The Swiss fund of funds has already closed two deals from its latest vehicle which launched in April.
London-based Coller is expected to hold a final close for its $5.5bn secondaries fund before the end of the year.
Madrid-based Arcano bought the growth stakes through its latest secondaries fund, which is at least 50% invested.
Asia Growth Capital Advisors's executive chairman and founding partner Harjit Bhatia explains why Asian secondaries haven't lived up to expectations, and says LPs need to be more pushy.
The average net IRR for secondaries funds in the second quarter was up but long-term returns are little changed.
Pensions and SWFs are bringing ever larger portfolios to the secondaries market, with CalPERS's recent $3bn sale the biggest so far.
Olivier Decannière, head of Ardian UK, explains why the firm is in it for the long haul.
The pension fund's first foray into private equity sees $30m allotted to three secondaries funds.
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