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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 2007-vintage Tishman Speyer fund holds at least one asset and was focused on value-added investments in western Europe.
About half of the Tel Aviv firm's second fund will focus on direct stakes in Israel-related investments amid a boom in direct secondaries opportunities there.
Bids fell by almost 15 percentage points last year amid an increase in the proportion of tail-end stakes being traded on the secondaries market.
The sale to an undisclosed buyer comes two months after the London-listed firm held the final close on Fund III.
Financial institutions may have missed the boat in terms of pricing, but this won't deter them from returning to the market as sellers this year for several reasons.
Agri and timber secondaries saw the biggest growth in secondaries deal volume, rising by more than half in 2015, according to a report by Setter Capital.
Over half the pension's private equity investments are in pre-2009 vintage funds, which are becoming challenging to monitor.
GSAM has agreed to buy around $200m worth of stakes in Terra Firma's 2007 fund, famous for its EMI investment.
The deal included tail-end European buyout stakes from Charterhouse Capital Partners and EQT.
This is the seventh deal from the firm's 2bn SKr Verdane VIII fund, which is now over two-thirds invested.
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