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.
Some buyers of second hand fund stakes will be licking their lips in anticipation of sales driven by cost-cutting this year.
The transaction involves six assets acquired on a deal-by-deal basis since 2012 including Danish luxury brand Georg Jensen.
The proposed deal comes amid a recommendation by a state commission that PSERS and fellow pension SERS cut illiquids and move to passive index investing.
Two giant private equity houses became corporations this year while others remain unconvinced of the benefits.
Since Jonathan Gray's appointment as president at the beginning of 2018 the firm has seen a fundraising bonanza, with predictions its AUM could hit $1trn in the next eight years.
Three senior investment professionals from the Australian SWF, including private equity head Steve Byrom, have launched Potentum Partners to help institutional investors access the asset class.
The firm's Strategic Equity unit has also committed £316m to the spin-out team for new deals and follow-on investments.
The firm's swift fall from grace this year provides a compelling reason for LPs to conduct thorough scrutiny of governance practices.
What do LPs think about secondaries funds and GP-led restructurings? Find out in our downloadable presentation showcasing the new Secondaries Investor database.
Spain's private equity and venture capital association wants to make it easier for the country's institutional investors to access the asset class with its first guidance publication.