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.
Crown Global Secondaries V has been in market since late 2019 targeting $3.8bn, around one-third more than it raised for its 2016-vintage predecessor.
The small print of some recent deals is some of the most seller-friendly in the secondaries market. Could this new dynamic be here to stay?
Golding Secondaries 2019 held a first close in March 2020 and will back a mix of LP- and GP-led deals across private equity, debt and infrastructure.
Mika Hakola joined the asset manager in 2015 to help build out its secondaries business, which targets LP- and GP-led deals in the Northern European mid-market.
Rio de Janeiro-based Signal Capital spun out last year and is aiming at Brazil's growing GP-led opportunities.
Christophe Bavière will step aside as chief executive of the firm after two decades and join the board of Eurazeo, which acquired a stake in the mid-market firm in 2018.
The $31bn manager is targeting secondaries investments through its 2019-vintage Fund XI and an in-market follow-on vehicle.
Two managing directors have been made partners of the Carlyle Group as the firm prepares to expand its London-based secondaries team.
Ropes & Gray advised on more than 150 deals worth $17.5bn in 2019, according to the Secondaries Investor Law Firm Survey 2020.
The swift growth of the secondaries market means it is a struggle to find people with the right skills and the pivot towards GP-led deals has added to this.