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 fund of funds manager has ceased formal fundraising for the vehicle and is expecting to hold a final close in March.
The world's largest educator-only pension fund made its first investment to Ardian funds with a commitment to the FoF's latest secondaries vehicle.
Dealflow in real estate secondaries jumped 71% last year and market participants say another rise this year will be dependent of a couple of things.
The global fund of funds is looking for a VP and an associate to join its secondaries team and help deploy over $3bn in new secondaries deals.
Private Markets Income Fund I will invest in primary, secondaries and co-investments and is the first standalone vehicle of its kind for Morgan Stanley.
The London-based infrastructure firm is seeking a fund extension for its €2.2bn fund and needs enough LPs – existing or new – to agree.
Australia's $85bn sovereign wealth fund brought the stakes to market in the second half of last year in a process run by Setter Capital.
The two most sought-after managers in the US and Europe have no hurdle rates on their latest funds.
San Francisco-based Industry Ventures is seeking $200m for Fund IV, a fund of funds that can buy early VC secondaries.
Secondaries was one of only three strategies to generate positive IRRs on a quarterly basis alongside European private equity and venture capital funds.