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.
The fund has committed to Real Estate Partners VIII, its second Landmark investment in as many months.
The fund has been in the market since July 2016.
At least $24bn in dedicated private equity secondaries capital was raised in the first half of the year, according to PEI data.
The €174m direct secondaries fund has already made three investments.
Talks with alternative buyers are ongoing, Secondaries Investor understands.
Sean Hill, who spent 12 years at Proskauer, will be based in Kirkland's Boston office.
The stakes were accrued as part of ProSiebenSat 1 Media's 'media-for-equity' programme, through which it exchanges media coverage for equity stakes in promising companies.
The deal involved Varma Mutual Fund Pension selling part of its stakes in two MML Capital Partners mezzanine funds to the investment manager.
Pricing moved from 82 percent of NAV in the first half to 88 percent in the second, according to research by Greenhill.
Almost 90% of respondents to a recent survey by Campbell Lutyens described the market as 'competitive' or 'highly competitive'.