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.
Aussie super funds are increasingly using the secondaries market to sell private equity stakes as they attempt to reduce fees they pay.
The fund of funds manager's ninth dedicated secondaries fund will target more than its previous fund, according to a source.
The private equity arm of Standard Life Group has increased its stake in the Arcus vehicle through its debut infrastructure secondaries fund.
Blackstone's secondaries arm has bought at least two stakes in tail-end BC Partners funds this year.
New York-based Pomona has bought another stake from LGAS as the insurance firm sells off its private equity commitments.
Secondaries deal volume in the sector grew by almost a third in H1 compared with a year earlier.
The investment management and advisory firm is making secondaries fund purchases in agriculture as part of its entry into the sector.
The Simsbury, Connecticut-based private equity firm is branching out into metals and mining investments in a direct secondaries deal.
Buyers in the secondaries market expect the value of funds to stabilise in the second half of this year, according to a report by intermediary Setter Capital.
The private equity and real estate secondaries firm has bought at least three other stakes in TDR Capital II.