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 Californian pension, which is planning to target lower risk strategies, is exploring the sale of fund interests from its $26bn real estate holdings.
Market dislocations and volatility after the Brexit vote led to quarterly revenue from the firm's capital advisory business being 'quite soft'.
The deal involved North American small buyout fund stakes and was the London-listed vehicle's sole secondaries transaction during the third quarter of this year.
The strategy itself had higher IRRs and return multiples than any other fund types traded during the period, according to Setter Capital.
SVG’s capitulation to HarbourVest’s final offer for its portfolio marks the end of a saga that may usher in a new era for secondaries.
The pension has committed $30m in total to funds of funds managed by the two firms which invest make both secondaries and primary investments.
The global investment firm was the biggest investor in a deal that involved ABS' 2009 and 2012-vintage funds, Secondaries Investor has learned.
The niche secondaries firm acquired over 95% of shares in the London-listed private equity fund of funds in a friendly takeover deal.
The London-listed private equity investor has accepted HarbourVest's offer to acquire its portfolio after the global investment firm raised its offer by £24m.
Secondaries buyers' desires have changed over the last 18 months with safer mega-funds more popular than niche strategies, according to Palico.