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 global investment firm's acquisition of stakes in at least six funds comes a month after it held the final close on its latest real estate vehicle.
Despite the largest ever secondaries fund raised last year, total capital closed slipped to two-thirds of that raised in 2014.
A generational boom in fund liquidations could prompt an explosion in direct secondaries activity.
The New York secondaries firm hired Lawrence Fang as a principal on its investment committee in January.
The firm's global head of secondaries, Andrew Hawkins, outlines ICG's strategy for making restructurings work.
At least 37 investors have committed to the global private equity firm's fifth dedicated secondaries fund.
The fund of funds manager bolstered staff by 10% last year with hires across its Asia, US and UK offices.
Carlyle's fund of funds unit also promoted four other investment professionals across three offices.
The firm has held Cint for about three years and its sale marks the 19th exit from its latest secondaries fund.
The firm launched its biggest secondaries fund to date in August last year seeking $1.25bn.