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 preferred equity specialist is seeking north of €500m for its latest vehicle, PEI's sister publication Secondaries Investor has learned.
The fund of funds manager has hired John Cancellieri to focus on primaries, secondaries and co-investments in its Boston headquarters.
A decline in crude oil prices, the S&P 500’s worst ever start to a year, Brexit, and growth fears in China all contributed to the drop in deal volume, estimated at $12bn.
.jpg "Olympus GP-led deal fell down over pricing – Exclusive")
Firms including HarbourVest Partners and Pantheon were looking at the deal which involved Olympus's 2007-vintage $750m fund.
The investment bank had raised around two-thirds of the target for its latest secondaries fund a month after launching.
.jpg?id=19327353638 "Goldman seeks $5bn for Vintage VII")
The investment bank also raised over half a billion dollars for a dedicated real estate secondaries fund last year, according to documents seen by PEI sister title Secondaries Investor.
The venture capital firm plans to use almost £30m of proceeds raised in the IPO to make primary and secondaries investments.
The newly founded Toronto-based secondaries firm has hired a new CFO.
Old Mutual Asset Management has purchased a majority stake in the firm less than two months after former owner Religare sold its interest.
The secondaries firm has lost at least three professionals involved in fundraising this year, including its head of capital raising and investor relations, and deputy investment officer.