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 top average bid for a buyout fund was close to pre-covid levels at the end of last year, with prices for VC and infra up in year-on-year terms.
The listed asset manager is moving DomusVi out of its 2014-vintage buyout fund, Secondaries Investor has learned.
The alternatives manager is investing flagship secondaries fund Dover Street X, which closed in October on its $8.1bn hard-cap.
In 2020 the secondaries firm sold a minority stake to RidgeLake Partners, a JV between PA Capital and Ottawa Avenue Private Capital.
The firm last week said it had held the final close on its latest fund to invest on a secondary basis in energy, power, infrastructure and natural resources.
The €270m deal involves German fire protection business svt, an investment made in 2018 by European mid-market buyout shop Ergon Capital.
The secondaries giant opened a São Paulo office in January, its second in Latin America, as it looks to build relationships with local GPs and investors.
Buyers are requesting a bigger GP stake in continuation vehicles and cross-fund investments are on the rise, according to the advisor.
There was a 'significant uptick' in financing requests for GP-led deals in the third and fourth quarter, according to a survey by the lender.
Pauline Chatin joins from Lyxor Asset Management, where she covered French institutional LPs and led fundraising on several products.