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.
Reporter Adam Le here, filling in while Marine's on the West Coast. Two stories I reported on this week stood out in my mind as they both involved older funds and how – and whether – to find value in them.
The public listing values the investment bank, which offers secondaries advisory services, at about $1.4bn.
The secondaries executive joins Auda to manage three funds the firm has purchased from Thomas Weisel, according to a statement.
The Japanese insurer has sold its stake back to Hutton Collins as part of the firm's restructuring of its third fund.
Bridgepoint, the PE firm whose holdings include sandwich chain Pret a Manger, offered to buy back stakes in prior funds when it couldn't allocate CPPIB a large position in Fund V.
Jim Strang’s appointment reflects the growth in the alternative investment management firm’s UK business.
The New York-based firm this year bought from a $1bn pool of real estate fund interests from Harvard Management Company.
The majority of zombie funds focus on North America, with buyout as the main strategy, according to PEI's Research and Analytics division.
Secondaries funds can give UK pension funds quick access to accelerated liquidity, instant diversification and high-quality managers, according to Cambridge Associates.
CVC, Apax and EQT occupied the top spots, while a London-based private equity giant dropped out of Setter Capital's 2015 Q2 rankings.