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.
While infrastructure accounted for just $1.6bn of the secondaries market last year, funds needing liquidity solutions could be valued at tens of billions.
The secondaries powerhouse hired Adam Black in March to lead its environmental, social, governance and sustainability efforts.
Competition was intense for the three secondaries categories in each region after a stellar year for firms, advisors and complex deals. Here are the industry's chosen winners.
The fund of funds has returned to market with its latest dedicated secondaries vehicle that will follow a similar strategy to its predecessor.
The Norwegian Church endowment sold its entire stake in Capital Dynamics' 2010-vintage secondaries fund as it discontinues its private equity investments.
The move is part of larger strategic initiatives at the real estate investment firm to provide cash for repurchasing its own stock and repaying loans.
The French fund of funds has picked up a portfolio of tail-end buyout stakes from the PE unit of a group of privately held global companies.
Singapore-based Axiom has collected over $400m for its latest fund of funds with this latest re-up from Montana's state investment board.
Isomer Capital I is seeking €150m to target European technology investments including LP secondaries and directs.
Volatility in public markets and macroeconomic uncertainty are making secondaries participants more cautious, which affects pricing.