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 funds will complement the GP stakes business, which co-president Michael Rees called 'one of the most underpenetrated spaces in all of alternatives'.
Stafford International Timberland Fund IX is the largest fund yet raised by Stafford and brings its timberland AUM to $2.9bn.
The supply of GP-led deals should continue to outstrip demand as more sponsors try to keep their best assets for longer, according to chief executive Mario Giannini.
The firm expects the volume of single-asset deals to 'increase materially', senior managing director Nigel Dawn told Secondaries Investor.
The buyout shop sold a minority stake in Belron in July, valuing the glass repair business at €21bn and setting the price for a single-asset process.
The investment bank has added at least three managing directors with a secondaries focus after a period marked by departures to Jefferies and Portfolio Advisors.
The appointment comes almost a year after the former head of Greenhill's secondaries advisory team, Stephen Sloan, joined the firm help launch a GP-led strategy.
H1 was the second-best half-yearly total for secondaries fundraising with Coller Capital, LGT Capital Partners and others holding sizeable closes.
GP-led deals accounted for 60% of transaction volumes amid a sizeable jump in single-asset processes, data from the investment bank shows.
The firm’s head of real estate Roman Braslavsky spoke to affiliate title PERE about its new secondaries business. Here are some takeaways.