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.
Marc Fitorre, who had worked at UBS, Evercore and Cebile Capital, died on 13 September.
The firm's $841m acquisition of preferred equity stock in a midstream natural gas company shows infrastructure deals come in all shapes and sizes.
The secondaries market is expanding private equity access to individual investors and defined contribution pension plans.
The alternatives giant's vehicle would be the second-largest pot of capital dedicated to the strategy so far.
The sovereign wealth fund expects competition for attractive companies to remain intense or even accelerate.
Recent fundraises for timberland secondaries and GP-led European strategies illustrate a growing trend.
The pension giant joined lead buyers Ardian and HarbourVest Partners as well as Partners Group in an Evercore-advised process last month.
Deal closed three months after Secondaries Investor reported the alternatives giant was set to back the transaction.
The Carlyle unit has deployed $1.4bn of its latest ASP VII programme, which closed on $10.2bn in December.
The deal comes off the back of several similar processes the insurance giant unit has undertaken over the past three years.