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 California-based direct secondaries specialist spun out of NEA in 2018 with help from Goldman Sachs Asset Management and Hamilton Lane.
Double-down funds don’t pose an immediate threat to the continuation fund market, but they are a reminder of the need for secondaries funds to justify their fees.
New partners have been created across the law firm's Boston, New York, Hong Kong, Houston and San Francisco offices.
The firm has used the secondaries market to institutionalise its investor base and is increasingly appearing as a buyer in real estate deals.
The single-asset process is focused on Hispanic food-focused Flagship Food Group, which was subject to a GP-led process in 2018.
The Zurich-headquartered firm targets underperforming funds and those with limited upside to NAV across a range of asset classes.
The $500m continuation fund marks the entry of one of Asia's largest buyout shops, MBK Capital, into the GP-led secondaries market.
The process involving Elion Partners is at least the third sizeable deal executed by Brookfield since entering the real estate secondaries market last year.
Academic Cyril Demaria and Greenhill's Bernhard Engelien debate the role of secondaries in portfolio construction and what LPs should bear in mind.
The fund was targeting $550m to invest in smaller, less competitive secondaries deals across private equity, venture capital and natural resources.