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.
UBS has been hired to run a process which will move the fund's sole remaining asset into a new vehicle with new terms, Secondaries Investor has learned.
This is the third Asian office and 10th globally for the firm which incorporates Auda International and HQ Group’s real estate and buyout businesses.
The global fund of funds manager is three-quarters of the way towards the $500m hard-cap for its latest secondaries vehicle.
Three reasons why energy-related secondaries deals are gathering pace.
The London secondaries firm has used its fourth fund to build its exposure to the European buyout manager's 2002-vintage fund.
The $180bn pension fund manager is an active seller on the secondaries market and committed to Ardian and Lexington Partners vehicles last year.
The firm founded by Michael Bego is well on its way to hitting the target for its first fund which focuses on the smaller end of the secondaries market.
The Tokyo-based firm's latest fund can make direct secondaries investments and acquire LP stakes from domestic investors.
The $11bn pension fund's commitment comes 17 months after it set up a separate account with Siguler to focus on distressed secondaries.
The $4.4bn pension fund is under-allocated to private equity and is searching for manager to help it reach its 10% allocation target, including through secondaries.