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.
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.
Median pricing for stakes in buyout funds has fallen for the first time since 2013, according to a mid-year report by Elm Capital.
The firm raised the capital for its second fund in 18 months from 185 investors.
Secondaries Match sends emails to interested buyers and parties can now connect anonymously.
The fund's target is almost three times that of its predecessor, the 2013-vintage Lexington Middle Market Investors III, which closed on about $1bn.
Macroeconomic concerns have weighed on secondaries market participants' minds over the last 12 months and have had varied effects.
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