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.
Five buyers have committed to two tail-end funds and one new vehicle in a Palamon staple deal.
The new fund will be bigger than Dover Street VIII, a $3.6bn vehicle.
The majority of zombie funds focus on North America, with buyout as the main strategy, according to PEI’s Research and Analytics division.
The firms bought partial stakes in three Bridgepoint buyout funds from the Canada Pension Plan Investment Board.
Cambride Associates' report says secondaries can be an attractive sub-strategy due to their accelerated liquidity profile.
The fund has a target of $5.5 billion, and a hard-cap has been set at $6.5 billion.
The powerful House Ways and Means Committee has once again introduced a bill that would substantially raise taxes on carried interest