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.
While fewer secondaries funds were being raised in the first quarter, the number of mezzanine and debt funds seeking capital has increased hugely in the past year, according to data released by PEI's Research and Analytics division.
This is the second exit through an IPO this year for the direct secondaries firm, which has had eight exits in the last 12 months.
Global mezzanine powerhouse ICG has hired Chris Austin as its global head of consultant relations in North America.
Some of the best emerging markets secondary opportunities can be found in Asia.
AlpInvest Partners, the fund of funds arm of The Carlyle Group, has re-hired Neal Costello, who had been a senior principal at CPPIB since 2013.
Fund of funds firm Mantra expects to close its latest fund in the next four weeks after 10 months of fundraising. The firm focuses on niche and listed private equity strategies in sectors including oil and gas, mining, litigation funding, intellectual property and agribusiness.
At least ten new funds were raised or announced in recent months with a total of $10.79 billion, PEI data disclosed.