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.
Bids for the two fund types were on average lower than for buyout and real estate funds, according to a new report.
Some buyers are passing on up to 98% of deals that come through their doors.
The former UBS exec has started in Evercore's London office, and is one of a number of staff to make the switch.
The Zurich-based firm has bought a stake in a fund which invests in energy efficiency, green industrial processes and waste management sectors. The fund also owns a geothermal plant producer.
With pricing at an all-time high, some sellers on the secondaries market aren't getting the prices they expect.
Discount to NAV for buyout funds remained smaller than any other fund type, according to a new report.
Working towards a $5.5bn target, the firm expects to wrap up its latest fundraising in the autumn. Lousiana's state pension is one of the investors.
Secondaries accounted for around a quarter of the Swiss firm's total investments.
The Edinburgh-based firm has bought a stake in a Macquarie infrastructure fund out of its debut secondaries fund focusing on the asset class.
Timberland secondaries are a small but growing part of the $100 billion timberland market, according to the head of a forestry investment firm.