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 niche secondaries firm has hired a former Montagu Private Equity IR head to join its eight-member board.
The firm has made 14 promotions this week including three secondaries appointments in its London and Philadelphia offices.
The advisory firm plans to staff its new office with up to four professionals who will focus on all aspects of the business including secondaries.
Three advisors accounted for around half of the $40bn in deal volume last year, which saw an increase in GP-led restructurings and a rise in real assets deals.
Using debt to acquire portfolios changes the nature of secondaries investments, according to the head of the firm's fund investments team.
The £3.2bn UK pension, which is under-allocated to private equity, committed to both of the firm's previous SOF vehicles.
The secondaries firm is seeking €350m for its latest fund which will focus mainly on Europe.
The firm promoted Richard Hope, head of its secondaries and co-investment activities in EMEA, to managing director, amid a raft of appointments.
The financial group now has over 20 professionals around the world who focus on secondaries within its private funds group.
Two funds managed by Blackstone's Strategic Partners and HarbourVest Partners account for almost a third of the total capital being sought for private equity secondaries strategies.