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. 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 Simsbury, Connecticut-based private equity firm is branching out into metals and mining investments in a direct secondaries deal.
Buyers in the secondaries market expect the value of funds to stabilise in the second half of this year, according to a report by intermediary Setter Capital.
The private equity and real estate secondaries firm has bought at least three other stakes in TDR Capital II.
Reporter Adam Le here, filling in while Marine's on the West Coast. Two stories I reported on this week stood out in my mind as they both involved older funds and how – and whether – to find value in them.
The public listing values the investment bank, which offers secondaries advisory services, at about $1.4bn.
The secondaries executive joins Auda to manage three funds the firm has purchased from Thomas Weisel, according to a statement.
The Japanese insurer has sold its stake back to Hutton Collins as part of the firm's restructuring of its third fund.
Bridgepoint, the PE firm whose holdings include sandwich chain Pret a Manger, offered to buy back stakes in prior funds when it couldn't allocate CPPIB a large position in Fund V.
Jim Strang’s appointment reflects the growth in the alternative investment management firm’s UK business.
The New York-based firm this year bought from a $1bn pool of real estate fund interests from Harvard Management Company.