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 mezzanine powerhouse is expected to have raised a third of its target for the fund, which will focus on restructurings.
Higher public exposure and limited upside in tail-end fund stakes will drive pricing further apart for good- and poor-quality assets, according to a new report.
The VC secondaries firm is targeting the same amount it raised for its previous dedicated secondaries fund.
Tail-end opportunities, the beauty of volatility and the proliferation of GP-led transactions were among the topics broached at an industry event in London this week.
The National Bank of Greece has signed a €288m deal to spin out its private equity unit 18 months after proceedings began.
The Carlyle Group's fund of funds unit has expanded with the hire of an ex-Bain Capital vice-president on its secondaries team.
Ashley Johansen, a partner responsible for fundraising, has left the firm just a month after the firm closed its biggest-ever secondaries fund.
The fund of funds was willing to buy up to $1bn worth of stakes in the New York buyout firm's eighth fund.
Volatility in global equity and commodity markets helped push average pricing down in the second half of last year, according to the advisory unit's outlook for 2016.
The world's third largest reinsurer has offloaded stakes in three buyout funds amid the implementation of Solvency II.