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.
Details of the private equity and real estate secondaries firm's previous funds were also revealed at a presentation to New Mexico's State Investment Council.
The preferred equity specialist has four investment professionals in its New York office including investment director Stephen Swentzel.
The global investment firm is back in market two years after raising the largest-ever pool of real estate secondaries capital.
GP-led restructurings once sat comfortably in the ‘non-traditional secondaries’ bucket, but the definition is evolving as buyers search for higher returns through even more complex deals.
Standard Life's private equity unit has collected $213m for its latest secondaries fund, which will focus on stakes in funds of funds and secondaries funds, among other strategies.
New 2nd Capital has hired three professionals including Top Tier Capital's head of secondaries.
The Californian pension, which is planning to target lower risk strategies, is exploring the sale of fund interests from its $26bn real estate holdings.
Market dislocations and volatility after the Brexit vote led to quarterly revenue from the firm's capital advisory business being 'quite soft'.
The deal involved North American small buyout fund stakes and was the London-listed vehicle's sole secondaries transaction during the third quarter of this year.
The strategy itself had higher IRRs and return multiples than any other fund types traded during the period, according to Setter Capital.
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