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.
Details of the Philadelphia-based firm's latest fund of funds vehicle, which can invest up to 20% in secondaries, were revealed in an October presentation to an investor.
Growing competition for underlying assets are the biggest challenge for primary GPs but will create future opportunities for secondaries, according to Investec's GP Trends 2015 report.
Lexington invested out of its $10bn LCP VIII vehicle, the biggest secondaries fund ever raised.
The Geneva-based firm will launch a secondaries fund targeting 'under the radar' deals before year-end.
The global private equity firm launched the fund in August and is looking to raise its biggest secondaries fund.
The Paris-based firm also hired a former Evercore professional for the new team in New York.
The Singapore-based Credit Suisse spin-out will target between $300m and $500m for its first blind pool fund to tap Asian direct secondaries.
Recently released filings show stakes in the Boston-based growth firm's funds were also a part of September's large sale to Partners Group.
Restructurings are supposed to be a win for all parties involved, but most LPs believe they better serve GPs' interests, a new Palico survey finds.
Robard recently established Whitehorse Liquidity Partners with another partner from a Canadian pension fund.
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