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.
Demand for residential and commercial real estate in the UK may suffer as a result of Brexit, affecting capital appreciation and rental incomes, according to the firm.
Firms including HarbourVest Partners and Pantheon were looking at the deal which involved the firm's 2007-vintage $750m fund, Secondaries Investor has learned.
The $18bn pension has made a commitment to Stepstone Secondary Opportunities Fund III that is five times larger than the investment in the firm's predecessor vehicle.
Almost $16bn was traded on the secondaries market during the period amid high levels of excess cash, according to NYPPEX.
Shawn Winnie told Secondaries Investor he is leaving his position as a senior portfolio manager at the $65bn pension to provide advice to LPs free of charge.
Blackstone's secondaries unit has raised $5.4bn for its latest secondaries fund, which it started investing in the second quarter.
VC-focused secondaries seems like a niche market, but don’t be fooled: there is more to it than meets the eye.
The global investment firm has raised $3.9bn and held an interim close on its latest dedicated secondaries fund.
Almost all LPs who responded to PEI's Brexit survey said they were not considering selling stakes in UK or Europe-focused funds.
The investment bank took two months to surpass the halfway mark for its $5bn secondaries fund that will focus on buyout and distressed strategies in developed markets.