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 $475bn asset manager moved a portfolio of 10 workforce housing properties off its general account into a vehicle backed by secondaries capital.
Eight of the top 20 largest firms in the PEI 300 already manage secondaries funds or are working on the strategy.
GIC is the world's second-biggest private equity investor with at least $43bn committed to private equity, secondaries, private credit and distressed debt.
North American GP-led-focused New 2ND Capital Fund II has raised nearly twice the amount raised for its 2018-vintage predecessor.
Select Opportunities Fund II has raised $1.25bn to invest in 'recapitalisations of high-performing TA portfolio companies', the growth investor says.
The fund makes primary, secondaries and direct co-investments in funds and businesses 'with a clear focus on environmental impact'.
While smaller buyers are finding innovative ways to back covid-impacted assets, the flight to quality continues at the larger end.
The Hong Kong hire comes after the appointment in January of Jolie Chow as head of PJT's dedicated Asia secondaries team.
The process gives Castik Capital portfolio company Waterlogic more time and money to make add-on acquisitions, of which it has completed 80 since 2015.
The hire comes after the investment bank poached four secondaries advisory professionals from Guggenheim Partners to work on GP-led deals.