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 $10.3bn pension also disposed of a growth equity fund stake and was considering reducing its fund of funds exposure, meeting documents show.
Secondaries Investor recently caught up with Unigestion's Christophe de Dardel and Akina's Thomas Frei on how a combined entity with $6bn of private equity assets under management will operate.
The Carlyle fund of funds unit’s latest haul includes capital for its commingled programme, cornerstone investments and separately managed accounts.
The disposal comes after the US's largest public pension reduced ties with 24 managers through sales in FY2016.
A senior member of the firm has relocated to New York to lead a three-person team as it expands its secondaries brokerage operations, Secondaries Investor has learned.
Secondaries Investor caught up with the Kline Hill Partners founder on the final close of its debut fund and its take-private of London-listed PEI in October.
Average deal sizes have almost halved in the last two years and buyers are purchasing assets across strategies and vintages they have not historically considered, according to the advisory firm.
Optimize Capital Partners has seven professionals including a former Portfolio Advisors managing director.
The bank's global head of secondaries advisory has left, prompting several personnel shifts.
The Swiss investment firm's Euro Choice VI has already closed three secondaries deals.
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