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.
Robard recently established Whitehorse Liquidity Partners with another partner from a Canadian pension fund.
The subsidiary of Deutsche Börse became custodian of a stake in a 2013 agri fund as part of its acquisition of Citco's hedge fund custody processing business.
Japanese pensions, trust banks and funds of funds may target overseas RE secondaries as early as next year, according to CBRE.
The stakes are in Lion Capital II, which currently has a negative internal rate of return.
Lexington acquired the stakes from CPPIB in July and transferred a portion of them to CalPERS in a recent transaction.
Smaller-sized dedicated secondaries funds are facing increasing competition for investor capital.
James Jupp and Jennifer Galloway are the latest hires at the London firm that specialises in tail-end acquisitions and direct investments.
The infrastructure and private equity secondaries firm has hired a secondaries professional in its London office and promoted several staff globally.
The Tokyo-based firm is targeting up to 8bn yen for its debut fund which focuses on domestic direct secondaries deals.
The firm has acquired a bundle of tail-end interests from Europe's largest financial services group.