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 investment banks accounted for almost half of last year's roughly $37bn in deal volume, Secondaries Investor's annual survey of intermediaries has found.
The Canadian pension giant has emerged as the buyer of stakes held in the investment firm's 2006-vintage secondaries fund, Secondaries Investor has learned.
The growth of the secondaries market has led to problems relating to publicly traded partnership rules becoming more common.
The $50bn pension is searching for a consultant to help it with private markets investments including secondaries.
The firm's best performing secondaries vehicle by investment return is its 2000-vintage Lexington Capital Partners IV, documents from a US pension show.
Shunsuke Tanahashi, a Goldman Sachs alumnus, left the Japanese advisory firm and placement agent due to management differences, Secondaries Investor has learned.
NPM Alternatives is the latest effort to boost liquidity in the asset class and will initially focus on feeder funds.
The investment firm has already raised at least $700m for the vehicle.
The European directs and fund of funds specialist wants to offload minority stakes in at least 20 companies spanning sectors including industrial and manufacturing, Secondaries Investor has learned.
The deal will increase Standard Life’s private equity assets more than fourfold.
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