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.
'PE directs' were underwritten at higher target multiples than purchases of stakes in any type of strategy last year, according to Setter Capital.
The secondaries veteran joined the global investment firm's New York office as a principal in January, Secondaries Investor has learned.
Secondaries funds have almost quadrupled in average size since 2008, PEI data show.
Mubadala Investment Company becomes the world's 14th largest sovereign wealth fund with around $125bn in assets.
Carlyle's real estate fund of funds unit is seeking more than double the target of its debut vehicle focusing on the strategy, Secondaries Investor has learned.
The $600m portfolio comprises two mandates from Pantheon and Pathway Capital Management, Secondaries Investor has learned.
The hire comes as the global investment manager seeks €250m for its first secondaries fund in the asset class since the firm's 2014 formation.
The promotion was part of 62 senior-level appointments at Carlyle, including a London-based managing director at AlpInvest Partners.
The $4bn defined benefit pension has previously committed to vehicles managed by Lexington Partners and W Capital Partners.
Dedicated private equity secondaries vehicles are seeking $10bn less in total than they were this time last year, according to PEI data.
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