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 direct secondaries specialist is investing its $685m Fund X, which closed in January last year.
The average high bid for buyout funds surpassed 90% of NAV in the three months to end-August, according to data from the intermediary.
The SharesPost100 fund, designed to democratise access to VC, is managed by ex-HQ Capital secondaries co-head Christian Munafo.
An apparent flurry of dealflow doesn’t mean they will all get across the line
The appointment of Myriam Vander Elst follows that of an ex-Wells Fargo subscription finance executive in May.
Daniel Dupont has been co-head of secondaries at the investment firm since 2011.
The two law firms were the first- and second-most active in the secondaries market last year.
Strategies that worked well for buyers during the bull market may no longer work, says the investment firm's head of secondaries Jeff Akers.
The 10 largest secondaries funds in market are targeting a combined $50.05bn, roughly equivalent to the record amount raised in H1 2020.
Speaking at PEI's virtual IR, Marketing & Communications Forum on Wednesday, a buyer said GPs may start to facilitate exits for LPs that want to streamline their portfolios.