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.
Dedicated private equity secondaries vehicles are seeking $10bn less in total than they were this time last year, according to PEI data.
The team joins asset manager Patrimonium three months after the successful restructuring of its 2007-vintage fund.
A second dip in annual deal volume isn’t cause for alarm if practitioners position themselves properly.
Andrew Rich's departure is the second since October from the direct secondaries pioneer as it shifts its focus to private credit.
The definition of secondaries is expanding, as large-cap managers use annex fund commitments and other alternative investments to manage assets, according to the investment bank.
The full-year volume dropped below the 2015 record, according to the advisory firm and placement agent.
The Nordic direct secondaries firm had built up a 55% stake in Movimento, which counts GM, Fiat Chrysler and Volvo among its customers.
The investment firm outbid several secondaries buyers to acquire stakes held in the Italian manager's 2006-vintage fund of funds, Secondaries Investor has learned.
Secondaries professionals have given us their predictions for North America and Europe. Here's what market sources expect the Asia-Pacific region will deliver this year.
Three partners and up to six associates will join the law firm's London office, establishing its secondaries capability.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: