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.
Five advisory heavyweights discussed the state of the secondaries market at an event held by the law firm this month in New York. Here’s what they said.
VC Secondaries Fund V is being raised by the recently acquired Greenspring Associates team, whose last independent secondaries fund was $800m in size.
The Minneapolis-headquartered firm is investing the $220m Clean Growth V, which counts Oklahoma Police Pension and Retirement System among its investors.
The liquidity provider closed its debut fund in 2019, with support from Coller Capital, Goldman Sachs Asset Management and Morgan Stanley AIP.
The above-target close is the culmination of a multi-year rebuilding process at the German asset management giant.
The private investment arm of the EU has collected €100m for secondaries and is set to sell a portfolio of stakes next year.
Landmark is targeting $6bn for the first flagship PE vehicle raised under the ownership of Ares Management, which acquired the secondaries firm in June.
The financial services holding company, which has $1.5trn in AUM, is paying $1.75bn for one of the largest remaining independent secondaries firms.
GP-led deals accounted for a majority of transaction volumes in the first half – don’t bank on a repeat.
The deal overtakes Alaska Permanent Fund's $1bn sale of a portfolio of stakes to Strategic Partners in July last year, Secondaries Investor understands.