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 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.
The US' largest public pension disposed of 46 fund interests with 24 managers and made $450m in proceeds during the period, according to a consultant's report.
All investors in the smaller-end secondaries firm's debut fund re-upped in its latest vehicle, Traveller Capital's founder and managing member told Secondaries Investor.
The China-focused private equity firm hired Lazard at the beginning of the year to help it restructure its $400m fund, Secondaries Investor has learned.
Opportunistic sellers are adding newer vintage funds to their portfolio sales in order to attract better pricing for the bundles, according to a report by the investment bank.
The preferred equity specialist is seeking north of €500m for its latest vehicle, Secondaries Investor has learned.
Record levels of dry powder, macroeconomic headwinds and political uncertainty; advisory firms’ mid-year reports make for interesting reading.