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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.
This is the pension's first commitment to funds managed by the VC secondaries firm, which amassed $700m for its latest dedicated platform in June.
Total deal volume in the first half fell to around $17bn, according to the advisory firm's mid-year report.
Intermediate Capital Group and Pantheon withdrew from the process to restructure the energy-focused firm's 2006-vintage $7.8bn fund last week.
The secondaries firm has raised €288m for European Secondary Development Fund V after about two years of fundraising.
Jonathan Costello, a seasoned secondaries professional, will work on GP-led deals at the advisory firm, which lost its restructurings expert in March.
The bank's global co-head of secondaries advisory will join the advisory firm's New York office after two months of gardening leave, Secondaries Investor has learned.
The investment firm is shifting away from separately managed accounts with its latest dedicated secondaries fund, Secondaries Investor has learned.
The $16bn state investor sold stakes in Summit Partners and TA Associates funds and has said it is considering future sales.
The European direct secondaries pioneer does not plan to raise a dedicated fund for the strategy, founder and chief executive Julian Mash told Secondaries Investor.
The US' largest public pension has brought almost $10bn in private equity and real estate fund stakes to market since 2007 and shows no signs of slowing.
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