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 Canadian pension giant is understood to have sold chunks of the portfolio, worth as much as $2.5bn in total, to separate buyers.
The niche firm has raised $350m for Sweetwater Secondaries Fund II, which targets 'buyer-led secondaries' deals.
The distinction between secondaries and co-investments is becoming increasingly irrelevant, according to Patrick Knechtli and Colin Burrow from Aberdeen Standard Investments.
Four Kirkland & Ellis secondaries lawyers have been promoted to partner out of 15 across the investment funds team worldwide.
Secondaries deals Arcano has backed include a €50m tender offer involving German GP Emeram and the restructuring of Duke Street Capital VI.
The pandemic may not have triggered a wave of secondaries buying opportunities, but the effects of the coronavirus are manifesting themselves in subtle and significant ways.
The process follows the close last week of a $600m yuan-to-dollar restructuring involving Chinese sponsor IDG Capital.
StepStone Real Estate Partners IV, which has been in market since April last year, raised twice as much as its predecessor to invest in complex secondaries deals.
VC-focused NewView Capital was formed by a $1.4bn direct secondaries deal backed by Goldman Sachs and Hamilton Lane.
Buyers will value a 'safe pair of hands' over pure return potential until the market stabilises further, according to Elm Capital.