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.
Average deal sizes have almost halved in the last two years and buyers are purchasing assets across strategies and vintages they have not historically considered, according to the advisory firm.
Optimize Capital Partners has seven professionals including a former Portfolio Advisors managing director.
The bank's global head of secondaries advisory has left, prompting several personnel shifts.
The Swiss investment firm's Euro Choice VI has already closed three secondaries deals.
The secondaries investors also committed to a blind-pool fund which the UK buyout firm will use for co-investments.
'PE directs' were underwritten at higher target multiples than purchases of stakes in any type of strategy last year, according to Setter Capital.
The secondaries veteran joined the global investment firm's New York office as a principal in January, Secondaries Investor has learned.
Secondaries funds have almost quadrupled in average size since 2008, PEI data show.
Mubadala Investment Company becomes the world's 14th largest sovereign wealth fund with around $125bn in assets.
Carlyle's real estate fund of funds unit is seeking more than double the target of its debut vehicle focusing on the strategy, Secondaries Investor has learned.