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 commitment to Lexington's latest mid-market secondaries fund is a re-up for the pension, which has invested at least $750m in the space since 2012.
The deal involves 26 stakes held in the Italian fund of funds' 2006-vintage vehicle, Secondaries Investor has learned.
A senior investment officer at the $180bn pension previously said secondaries had become a "very useful portfolio construction tool".
The Nordic direct secondaries firm has invested in a Finnish software company through a combination of direct and secondhand shares.
The private equity firm, which is mulling a move into GP-led restructurings and direct secondaries, held a first close on Adveq Secondaries III last April.
Employees' Retirement System of the State of Hawaii has backed Landmark's latest private equity fund which is seeking up to $4.7bn.
Amid the emergence of managers specialising in GP-led deals, advisors are still vital in a complex sector with inherent conflicts of interest, according to Yaron Zafir, head of secondaries at London-based advisory firm Rede Partners.
The global investment manager has already made one secondaries deal from its latest fund of funds in the strategy.
Daryl Cohen has left after eight years at the direct secondaries pioneer and is understood to be joining another private equity firm.
The firm has hit the target for Crown Global Secondaries IV which launched in the summer of 2015, Secondaries Investor has learned.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: