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 $55.6bn asset manager is investing Pantheon Global Secondary Fund VI and related separate accounts, which raised $2.2bn by final close in June.
A recent GP-led deal involving an evergreen structure represents a novel way for infrastructure investors to hold on to assets. The question is whether such transactions can scale.
Stéphane Chevrier, an early former member of Ardian's US secondaries team, will lead the niche firm's further push into the North American secondaries market.
The process on Giza V was run by Asante Capital, which in June hired ex-Rede Partners secondaries head Yaron Zafir as a senior advisor.
Portfolio Advisors Secondary Fund IV, which targets US mid-market buyout funds, has received a $150m investment from PSERS.
With a record $95.6bn raised for secondaries vehicles last year, the question is how the fundraising party will carry on.
The Europe-focused lower-mid-market firm is in market with Keyhaven Secondaries Fund III targeting $585m.
The firm is in market targeting $1.25bn for its fourth secondaries fund and is set to launch a vehicle targeting GP-led deals.
Alpine Investors lifted employment services provider TEAM Services Group out of its 2013-vintage fund in a $362m deal.
Recycling business Ecore International is the focus of what has been described as 'a hybrid of a single-asset recap and an independent sponsor transaction'.