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 Florida pension had previously committed to Lexington Partners' 2013 mid-market secondaries vehicle.
OPTrust, which manages Canada's 10th largest public pension, had previously signalled it was considering opportunistic sales of private equity assets.
Medical Research Future Fund, part of Future Fund, plans to acquire mature private equity stakes and commit to managers who hold assets for shorter time periods.
US head Benoît Verbrugghe may think the global investment manager isn't as exotic as other firms, but there's nothing boring about being the biggest secondaries firm in the market.
Details of the private equity and real estate secondaries firm's previous funds were also revealed at a presentation to New Mexico's State Investment Council.
The preferred equity specialist has four investment professionals in its New York office including investment director Stephen Swentzel.
The global investment firm is back in market two years after raising the largest-ever pool of real estate secondaries capital.
GP-led restructurings once sat comfortably in the ‘non-traditional secondaries’ bucket, but the definition is evolving as buyers search for higher returns through even more complex deals.
Standard Life's private equity unit has collected $213m for its latest secondaries fund, which will focus on stakes in funds of funds and secondaries funds, among other strategies.
New 2nd Capital has hired three professionals including Top Tier Capital's head of secondaries.