Adam Le
Adam Le is Senior Editor, EMEA, for PEI Media'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.
Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It's an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.
Inceptiv is understood to be targeting as much as $250m for a real estate-focused vehicle as part of its Co-GP strategy.
Goldman Sachs Alternatives has held the final close on the real estate secondaries market's largest ever vehicle. Which other firms round out the top 10?
Ares Management data shows deal volume for real estate secondaries fell 21% in 2023 from the record $12.4bn clocked the year before.
Ares Management data shows deal volume for the asset class fell 21% in 2023 from the record $12.4bn clocked the year prior.
A lack of transparency in GP-led deals can backfire on general partners, says former ILPA chairman and CalPERS veteran Joncarlo Mark.
The alternatives giant's vehicle would be the second-largest pot of capital dedicated to the strategy so far.
The appointment at advisory firm Sera Global follows that of Kilian Toms who joined in March from Landmark Partners to focus on EMEA.
The country's largest public pension has been exploring how it could increase its private equity exposure and begin committing to other asset classes, according to head of alternatives Per Olofsson.
Alan Pardee, one of three managing partners who spun out of Merrill Lynch's private fund placement team in 2009, will leave the firm on Sunday.