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.
When it comes to pricing, speed is of the essence for LPs looking to sell portfolios, yet is only one piece of the puzzle.
When dealing with waterfalls, there are tools that can be used to create economic alignment from the outset.
An incentivised management team is crucial to ensuring ultimate success in GP-led secondaries deals.
The departure of Jake Stuiver comes five months after that of Mike Custar, the founder of M2O's secondaries business.
The deputy CIO of the US's largest public pension would have authority to buy up to $2bn-worth of fund stakes without investment committee authorisation, documents show.
Finding the pricing sweet spot to satisfy sponsors, buyers and LPs is tougher than ever in today’s market.
Buy-and-build specialist Stone-Goff has closed a single-asset process on John Staurulakis, a provider of broadband services.
Conflicts of interest can arise within the LP base as LPACs act in their own interest, not in the interest of the fund.
For the GP, internal alignment is another opportunity to manage team dynamics. Third parties will want to see that the right people participate in the economics.
Some sponsors are still able to drive aggressive terms in GP-led deals, though perhaps not for much longer.