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 development comes a week after it emerged that UBS's former EMEA head Sandro Galfetti had joined Houlihan Lokey.
Chief executive Ken Moelis has previously said the investment bank would be 'aggressive' in building out its secondaries advisory business.
The firm's infrastructure partnership investments unit has generated $1.5bn for investors in the first half of this year.
This is at least the second time IDG has tapped the secondaries market for a CV deal, having previously completed a GP-led five years ago.
Exchange platforms must contend with a multitude of alternative liquidity paths for holders of private company stakes.
Recent survey findings underscore the importance for GPs to explore multiple paths to liquidity before settling upon a continuation fund process.
The investment bank sees 'significant opportunity' in private debt secondaries as demand for flexible liquidity options in the asset class grows.
The advisory side of the secondaries market has been hot this year as talent continues to move around.
The investment banking arm of Japanese financial services conglomerate Daiwa Securities Group previously said it was shutting its France office.
Presenting: the buyer-led secondaries deal.