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 bank's global co-head of secondaries advisory will join the advisory firm's New York office after two months of gardening leave, Secondaries Investor has learned.
The investment firm is shifting away from separately managed accounts with its latest dedicated secondaries fund, Secondaries Investor has learned.
The $16bn state investor sold stakes in Summit Partners and TA Associates funds and has said it is considering future sales.
The European direct secondaries pioneer does not plan to raise a dedicated fund for the strategy, founder and chief executive Julian Mash told Secondaries Investor.
The US' largest public pension has brought almost $10bn in private equity and real estate fund stakes to market since 2007 and shows no signs of slowing.
Average high bids fell to 91% of NAV in the first quarter as buyers sought younger funds, according to data from PEFOX.
The alternative to debt or a secondaries sale is gaining traction, with Vision Capital the latest player to enter the fray.
This will be the eighth global office for the Canadian pension giant, which bought a $1bn portfolio of private equity fund stakes from Australia's sovereign wealth fund at the beginning of the year.
The secondaries firm has made a number of recent hires including former Deutsche Bank, StepStone and JPMorgan professionals.
The firm manages two other real estate-focused funds, the $250m Clairvue Capital Partners I and $120m Clairvue Capital Partners II.
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