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.
NBG will sell 100 percent of its interests in 11 limited partnerships managed by NBGI Private Equity for €288 million to Deutsche Bank and Goldman Sachs.
Transaction volume slipped to $40 billion, lower than the record $42 billion for 2014, according to the advisory unit’s Secondary Market Trends and Outlook January 2016 report.
The fund is likely to follow a similar strategy to NewQuest’s predecessor, NewQuest Asia Fund II, focusing on direct secondaries deals across Asia.
Evercore ran a limited process targeting a handful of secondaries buyers for USS in the second half of 2015, which was tapping the market as part of a rebalancing of its private equity exposure.
.jpg "CapMan rebrands as Scala")
The Scala team comprises seven professionals across offices in Helsinki, Stockholm and London.
Electra has invested about £94 million in secondaries through its EP1 Secondary Portfolio that is 60 percent focused on the US and 70 percent aimed at buyout funds.
.jpg "Secondaries fundraising falls in 2015")
While this is the first time secondaries fundraising has fallen since 2010, the secondaries market is not experiencing a downturn.
The chief executive of the National Investment Corporation has left days after saying the country's National Oil Fund would run out of money.
With this acquisition, the London-based buyout firm has established its first mainland China presence.
Investors in the the firm's largest secondaries fund targeting $1.25 billion include Fort Lauderdale General Employees’ Retirement System, which made a $10 million commitment.