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 use of intermediaries, coupled with high valuations in the primary market, have contributed to high pricing for infrastructure secondaries stakes.
Partners Group Secondary 2015 closed on $1.5bn in May.
Restructurings can be an innovative way to offer liquidity to LPs seeking exits, according to Credit Suisse's Mark McDonald.
The Canadian public pension and insurance fund manager has invested in an Ardian Fund VII co-investment vehicle, according to a UK regulatory filing.
The use of intermediaries is expected to continue to rise as new agents enter the market and the buyer universe grows, according to a report by Setter Capital.
The Asian direct secondaries firm has started making distributions from its latest direct secondaries fund, which held final close about a year ago.
The Canadian pension fund giant is looking to recruit a professional to focus on European secondaries and co-investments.
Insurance companies have already started selling off private equity assets in anticipation of the January 2016 implementation.
The new HQ Capital, which includes Auda and Real Estate Capital Partners, is evaluating secondaries in real estate as part of its overall strategy.
The fund of funds manager joins its real estate and buyout affiliates under HQ Capital with more than $12bn in AUM.