Alex Lynn
Alex Lynn is Hong Kong Bureau Chief at PEI Group, leading coverage of Asia-Pacific private markets for Private Equity International and editing its daily Side Letter briefing for subscribers.
He joined the business in 2017 and previously covered the EMEA region from PEI's London office. Alex has a master's degree in Journalism from Kingston University. He can be reached at alex.l@pei.group.
The newly-rebranded Oddo BHF Private Equity will seek €300m for a new secondaries vehicle from predominantly European and Middle Eastern institutional LPs.
Japanese funds have generated a lower TVPI multiple than other developed markets, according to investment software firm eFront.
The bank has launched a four-strong directs and co-investment team amid soaring investor demand for greater control over their private equity holdings.
The Neuberger Berman unit has not set a hard-cap for the vehicle but is unlikely to exceed $6bn, PEI understands.
Asset manager Oddo BHF has acquired the fund of funds unit in its first foray into private equity.
The vehicle – which was launched in 2016 – has already completed three deals and is over halfway invested, founder Crevan O’Grady tells PEI.
The top 10 largest buyout funds amassed $46.4bn between them in the period, representing 87% of the $53.6bn committed to the strategy.
The firm held a final close on Growth Fund II at €230m, well above its €200m hard-cap and more than triple the size of its €70m predecessor.
The Detroit-based firm collected $142m for the vehicle, well above its $100m target, according to a statement.
A government white paper cited transparency issues and management fees as reasons why the $1trn fund should not invest in unlisted equities.