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.
The Swiss niche secondaries firm took 10 weeks to raise its previous vehicle which held a first and final close on €406m in 2015.
The listed vehicle invested in six secondaries deals in the three months to the end of August, including transactions in transport, energy and turnaround funds.
Details of the firm's latest secondaries vehicle were revealed in documents prepared for PSERS, which made its debut commitment to a fund managed by the GP.
Lexington Partners has inked a series of high-profile deals recently and its return to market may be just around the corner.
London-based Pablo Calo becomes head of secondaries international as part of the changes, Secondaries Investor has learned.
The secondaries firm has surpassed the target of its latest fund and is yet to hold the final close on its latest vehicle.
Orcun Unlu, who appeared in Secondaries Investor's Young Guns of Secondaries Class of 2016, had helped execute Citi's regulation-driven exits from alternative investments.
Fundraising for private equity secondaries rose by more than one-third year-on-year, with Lexington's $2.7bn raise accounting for the lion's share of capital.
Michele Russo, a Doughty Hanson and Lazard veteran who joined the buyout firm as a managing director, has left after over one year in the role, Secondaries Investor has learned.
The success or failure of two significant GP-led processes will have widespread consequences for the secondaries market.
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