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 investment comes from Goldman's Vintage Real Estate Partners II, which closed in May on $2.75bn.
Headlands Capital was founded by former Paul Capital managing partner David Park and Hoover Investment Management executive David Cost.
The coronavirus crisis has accelerated the transformation of real estate secondaries and presented tangible opportunities for buyers with the right information.
The once niche strategy has gained traction in the face of stiff competition from banks and debt funds, data from the advisor's mid-year report show.
The placement agent and secondaries advisor has made two hires in its New York office who will work on secondaries and fund placement.
Buyers being cautious of imminent write-downs in H1 fuelled the lowest pricing since 2012, according to the advisor's latest mid-year report.
TPG has become the latest multi-asset manager to enter the secondaries market and will probably not be the last this year.
Milan-based NB Renaissance Partners sold down part of its stake in a 'covid-proof' engineering business to a group of secondaries investors.
Mathieu Dréan of advisory firm Triago spoke to Secondaries Investor about the deals that are getting done in H1 and what is motivating buyers and sellers.
The CPPIB secondaries head will lead TPG's secondaries investment strategy in Europe and the US.