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 portfolio was owned by the German Max Planck Foundation and is made up of three European fund stakes including an interest in the UK's NorthEdge Capital Fund I.
The target for Axiom Asia IV is still undisclosed but the Singapore-based firm’s previous vehicle sped towards its $1.15bn final close in just four months.
Secondaries fundraising saw the third biggest year-on-year growth in 2014, beating buyout and real estate, according to a Bain & Company report.
The VC firm, backed by American investor Tim Draper, will use proceeds from the IPO to buy out investors from one of its funds.
Singapore's $344bn sovereign wealth fund hired a former Pantheon exec in October and is seeking a secondaries professional for its Singapore office.
The vehicle has acquired stakes in Latin American agribusiness funds, as well as interests in a secondaries fund.
A consortium led by Access Capital Partners restructured Odin's two buyout funds. The firm also rebranded to BWB Partners.
The firm is planning to buy out 10% of stakes Terra Firma Capital Partners III's LPs agree to sell.
Co-investments in secondaries can add another layer of complexity for LPs, according to a partner at London-based Coller.
The fund of funds manager, which already has seven offices, will expand in the Middle East and Asia.