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 seller of the fund interest, Legal & General Assurance Society, is winding down its commitments to private equity.
The sale of Banqsoft is the last of 96 exits from the portfolio the firm bought from the Norwegian government in 2003.
The London firm has bought another stake in Hutton Collins Capital Partners III, which has investments in Byron Burgers, Wagamama and Caffè Nero.
The alternative assets specialists has advised on more secondaries deals so far this year than all of 2014.
The fund of funds giant has signed a deal to purchase a stake in Portobello Capital II through a new fund structure.
Bids for the two fund types were on average lower than for buyout and real estate funds, according to a new report.
Some buyers are passing on up to 98% of deals that come through their doors.
The former UBS exec has started in Evercore's London office, and is one of a number of staff to make the switch.
The Zurich-based firm has bought a stake in a fund which invests in energy efficiency, green industrial processes and waste management sectors. The fund also owns a geothermal plant producer.
With pricing at an all-time high, some sellers on the secondaries market aren't getting the prices they expect.