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 lower-mid-market-focused manager had set a $650m hard-cap on RCP Secondary Opportunity Fund IV.
Venture capital and growth fund stakes fell to account for 9% of secondaries volume last year, from 18% the prior year.
The firm, founded by Landmark Partners veteran Ian Charles, has assembled a group of ex-Landmark, Stonyrock and Kirkland & Ellis professionals for the unit.
The firm has hired executives from Arch Capital and StepStone, and moved two people across internally to bulk up its secondaries offering.
The promotions are part of 10 company-wide, including two fundraising professionals to the partnership.
Tikehau Capital subsidiary Opale Capital this week said it would offer AlpInvest, Goldman Sachs and HarbourVest's secondaries products to non-institutional investors.
The firm closed its debut GP-led process in 2021 backed by investors including ICG Strategic Equity and the European Bank for Reconstruction and Development.
The deal, advised on by Rede Partners, is understood to be worth between €250m and €300m.
Generative artificial intelligence and machine learning could be used in a ground-breaking way in the secondaries market, though there are a few hurdles to overcome first.
Clipway has assembled a team that includes New York City Retirement Systems' former head of private equity, Secondaries Investor has learned.