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 investment bank is planning to make senior hires in the US over the coming months.
Total deal volume for last year was around $60bn – a figure in line with 2017 levels, according to estimates from the investment bank shared with Secondaries Investor.
Secondaries Investor catches up with Brenlen Jinkens, Todd Miller and Scott Beckelman to discuss their immediate plans at the financial services firm and how they expect the secondaries market to evolve.
The office opening comes as some market participants expect the impact of the coronavirus pandemic on Latin America’s capital markets to create secondaries opportunities.
The continuation fund is worth $1.7bn and holds assets including a specialty chemical maker, a dental practice management company and a wire and cable producer.
The firm has also opened an office in Frankfurt – its first in Germany – as it seeks €750m for infrastructure secondaries.
The appointment comes as market participants expect the volume of GP-led transactions to rise to match LP-led deals as early as this year.
Vincent Gombault – a figure known for his polarising personality and management style – oversaw the evolution of Ardian’s rise to the top of the secondaries market.
Head of EMEA secondaries Sandro Galfetti discusses his outlook for the market in 2021 and what the bank's private funds group is focusing on.
Vincent Gombault, a two-decade veteran of the firm, oversaw a strategy that has grown to account for around half of the investment giant's $103bn in AUM.