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 Paris-headquartered firm has raised €180m for Mantra Secondary Opportunities III, topping its target of €150m, according to a source.
The UK-headquartered internet of things connectivity provider is held in Montagu V, which raised €2.75bn by final close in September 2015.
The vehicle will focus on preferred equity, NAV-based lending and have a pocket to make secondaries investments with sub-private-equity return profiles.
Strong currents also point to much more opportunistic buying and selling, according to affiliate title Private Equity International's LP Perspectives 2022 Study.
The Stamford-headquartered firm aims to be 'the biggest small guy' in secondaries, targeting inefficiencies in the lower-mid market.
The London-based secondaries buyer is targeting $585m for Keyhaven Secondaries Fund III, Secondaries Investor reported in November last year.
The private assets secondaries market could be more liquid for large LPs than public markets, according to Ardian's former fund of funds head.
The GP with $9.3bn in private equity assets under management is looking at ways to hold on to 'champions' for longer, according to CEO Alex Saigh.
27% of respondents to Evercore's 2020 year-end survey said they had an appetite for energy in 2021, making it the second-least popular asset class.
The bank moved a $1bn portfolio of assets off its balance sheet into a vehicle anchored by secondaries capital, a repeat of a deal it executed last year.