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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.
James Jupp and Jennifer Galloway are the latest hires at the London firm that specialises in tail-end acquisitions and direct investments.
The infrastructure and private equity secondaries firm has hired a secondaries professional in its London office and promoted several staff globally.
The Tokyo-based firm is targeting up to 8bn yen for its debut fund which focuses on domestic direct secondaries deals.
The firm has acquired a bundle of tail-end interests from Europe's largest financial services group.
The Zug, Switzerland-based firm has acquired a bundle of at least nine stakes across various fund strategies from Finnish pension fund Keva.
Changes to the types of investments the tax-advantageous vehicles can make in the UK will result in more firms restructuring assets into new funds.
Some of the largest secondaries firms have snapped up stakes in tail-end funds managed by Cinven, which was one of the most popular European LBO managers in the second half of 2015.
The private equity unit of Deutsche Bank has invested in about eight deals so far from its $1.7bn secondaries fund.
Hard hat and plans
Speaking at a private equity conference in London, Adams Street Partners' Pinal Nicum said there were three elements to executing a successful restructurings deal.
The Blackstone secondaries unit and Willowridge have both picked up stakes in Doughty Hanson's tail-end single-asset third fund.
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