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.
With roughly $40bn in deal volume last year and transactions spanning various asset classes and strategies, the secondaries market is as active as ever, as our new advisory survey finds.
Secondaries buyers are particularly excited about opportunities in energy and infrastructure, with trillions in potential dealflow.
The Edinburgh-based firm's SOF platform has delivered a 35% gross IRR, according to documents presented to the San Bernardino County pension.
The addition of Alec Brown means the global fund of funds' US investment team has at least 24 members.
The firm will target stakes in funds of funds and secondaries funds with its latest vehicle, according to documents presented to a US pension fund.
The state's $769m Highway Patrol Retirement System is considering investing in secondaries.
Recent high pricing has encouraged the world's largest asset manager to be a seller on the secondaries market, according to managing director Johnathan Seeg.
High levels of dry powder and high pricing in the secondaries market is forcing firms to use leverage and chase staple deals to make purchases attractive.
Sellers coming to market with deals less than $50m in size face challenges on both price discovery and execution, according to Kline Hill Partners' Mike Bego.
Secondaries Investor made a flying tour of Hong Kong and Japan this week. Here are some of the key themes that emerged.