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 investment manager is seeking €300m for its latest dedicated secondaries fund and expects dealflow in the smaller end of the market to remain robust.
Expected returns for secondaries deals completed in the first half are down compared with a year earlier, according to a report by Setter Capital.
The firm, founded by former Willowridge partner Michael Bego, has reached the $180m hard-cap for its fund that focuses on the smaller end of the market, Secondaries Investor has learned.
The Blackstone unit, which launched its latest secondaries fund a year ago with a $6.5bn hard-cap, is yet to hold a final close on the vehicle.
Average returns for all strategies fell both on quarterly and yearly comparisons, according to the Institutional Limited Partners Association's latest benchmark data.
The direct secondaries firm has hired three investment professionals and opened an office in Bavaria to help it manage the 23-asset portfolio.
The Swiss bank will not fill Gerald Cooper's position after the co-head departed for Campbell Lutyens in mid-August, Secondaries Investor has learned.
Limited partners in the Russian private equity firm's 2000-vintage fund will decide by early September if they want to sell their stakes, Secondaries Investor has learned.
The investment manager is in market with at least six vehicles including a dedicated secondaries fund and a real estate fund of funds.
This is the pension's first commitment to funds managed by the VC secondaries firm, which amassed $700m for its latest dedicated platform in June.