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.
Secondaries buyers' desires have changed over the last 18 months with safer mega-funds more popular than niche strategies, according to Palico.
The sale is worth as much as $200m and comes as secondaries funds and funds of funds increasingly tap the market to dispose of tail-end interests.
Shareholders in the London-listed private equity investor now have until Tuesday to accept HarbourVest's offer for the company.
Secondaries funds themselves were among four strategies that had rises in pricing amid overall drops during the period.
Recent SEC focus on fund restructuring has put pressure on GPs to make sure their limited partners get fair treatment during the process. Molly Diggins, general counsel for advisory firm Monument, who says LPs should make themselves heard and ask for greater transparency.
An overwhelming majority of investors in the Swiss firm's sole fund have agreed to sell their stakes to the bank's private equity unit, Secondaries Investor has learned.
Jason Gull will retire at the end of the year from both the global investment firm and the industry, Secondaries Investor has learned.
Abuzar Anaswala joined the global investment manager in September and brings the number of secondaries professionals it employs to 30.
The world's eighth-biggest sovereign wealth fund has been developing its in-house secondaries capability over the last two years.
Discounts could also widen for European funds amid volatility related to Brexit, according to a mid-year report by the advisory firm obtained exclusively by Secondaries Investor.
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