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.
Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis
The firm has previously tapped the secondaries market to run a €1.3bn single-asset process on investor administration group IQ-EQ.
Secondaries capital that comes with deep sector expertise may define the next iteration of the GP-led market.
The amount of capital raised for the strategy last year eclipsed the previous $101bn record set in 2020, data from Secondaries Investor shows.
The Blackstone unit previously raised $3.75bn for its third programme focusing on the asset class.
Sebastien Siou, who has prior experience at Whitehorse Liquidity Partners and CPP Investments, joined the LP secondaries firm this month.
The buyout and growth firm is the lead buyer in the GP-led deal – the latest example of a non-secondaries firm backing a secondaries deal.
The secondaries giant's ASF IX launched in February 2022 and is seeking north of $20bn.
Three infrastructure managers were snapped up during a week where Pantheon has raised the market's biggest ever secondaries fund focusing on the asset class.
The firm's $22.7bn haul this week comes at a time when institutional investors are assessing the opportunity cost of their investments.
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