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 continent's secondaries market will see more tail-end sales and a rise in direct secondaries among other anticipated big trends for 2016.
Greater dealflow will come from Australian superfunds and Japanese pension funds, but pricing may also widen.
Several secondaries professionals left large firms during 2015 to start their own ventures. Here's the 2015 best of people moves.
Partners Group and Landmark dominate the list, accounting for almost $6bn in capital raised in the last 5 years.
The global investment advisory firm has poached Andy Lee to cover Asian LPs and GPs out of its Hong Kong office.
The London-based firm also launched its fourth fund of funds vehicle this year.
As part of the 31 promotions, Ralph Guenther, who sources secondaries deals, was appointed partner.
The management team at JPMorgan's listed secondaries unit will move to New York-headquartered Fortress's credit business.
Buyers in Europe are turning to markets such as Ukraine and Russia to find attractive discounts on secondaries stakes, according to Christian Böhler, the secondaries principal at Akina.
Family offices and smaller pensions and endowments are turning to leverage to remain competitive when purchasing fund stakes in the secondaries market, according to Investec.