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.
Secondaries Investor reported in March that ICG was working with Lazard on ways to hold on to the care home provider for longer.
The process, focused on medical equipment company medifa, was designed to replace an LP stepping away from the buyout market.
With $253bn invested in alternatives out of $1.5trn in overall AUM, PGIM is one of the largest groups yet to make a move into the secondaries market.
Partner Ted Craig joined Dentons in April 2019 after more than five years at MJ Hudson, where he was head of private funds.
Preferred equity volumes more than doubled in 2020 as GPs sought capital to shore up balance sheets and make acquisitions amid market volatility.
The Blackstone subsidiary anchored a continuation vehicle which invested in chemicals producer Ascensus alongside New Mountain Capital.
This at least the second preferred equity investment the secondaries firm has made in Europe after extending a back-levered tranche to Palamon Capital in 2019.
The $327bn asset manager and adviser is increasing its focus on alternatives, having formed a strategic partnership with Hamilton Lane in March.
Idinvest Secondary Fund IV is already 36% deployed in the European mid-market, which Eurazeo has described as 'under-exploited'.
Foundation was founded in 2017 by Deutsche Bank's former Asia secondaries head Jason Sambanju and Jeremy Foo from buyout shop Navis.