Rod James
Rod James is a reporter with Secondaries Investor and also contributes to sister title PrivateEquityInternational.com. He is based in the London office. Prior to PEI, his roles included a stint as a freelancer covering fintech and transaction banking, CEEMEA capital markets reporter with EMEA Finance magazine, and editor of the Latin American political and economic risk team at IHS Global Insight.
Lower price expectations drove an 18% increase in direct secondaries transactions during the first half of the year, according to a report by NYPPEX.
The French investment firm has bought the LP stakes from UniCredit, the Italian banking group.
Benjamin Wu will focus on secondaries, directs and primaries from the firm's Toronto office.
The two types of transaction accounted for one-third of market share in the first half of 2017, according to a survey by advisor Evercore.
The firm is targeting $1bn for its third secondaries fund, which has a target IRR of as much as 20%.
With many predicting an economic downturn, we examine the lessons from the global financial crisis and how firms are reacting a decade on.
The investment bank's analysis of the first half suggests that 2017 could break records on a number of fronts.
Clwyd Pension Fund, an active investor in secondaries funds, has committed $10m to the fund of funds unit of Standard Life's SOF III vehicle.
The Singapore-based hire will focus on direct and secondaries investments in the asset class.
The region priced highest among all fund types apart from venture capital and infrastructure, according to data from Setter Capital.