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.
ILPA’s upcoming guidance has been spurred by investors’ annoyance at unreasonable deadlines and the amount of work needed to make decisions on these deals. The secondaries community should take note.
The secondaries pioneer has been expanding its offerings, raising $1.4bn for a debut dedicated credit secondaries fund and exploring a yuan-denominated strategy for China.
Deal certainty and pricing are two immediate casualties of Russia’s invasion of Ukraine this week.
If it hits the hard-cap, the firm's latest fund would be 67% larger than its 2018-vintage predecessor.
The former ILPA chairman and CalPERS veteran tells Secondaries Investor that a lack of transparency in GP-led deals can backfire on GPs.
The moves come three years after the LP representative body issued its initial guidance on GP-led fund restructurings.
All of the new senior managing directors within the bank's private capital advisory group are Secondaries Investor Young Guns.
The biggest people moves in the secondaries market over the past 12 months, including the SWF to pension giant jump and the exodus of five senior partners from the one firm.
Aleksander Bakic, who has advised on GP-led deals involving firms such as Permira and Nordic Capital, is set to join the law firm next year.
The firm is planning to acquire Spring Bridge Partners, having bought Landmark Partners in June.