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.
Beneath the headline figures, the reports compiled by secondaries advisors reveal some intriguing sub-plots.
The Q4 year-on-year drop from $7m to $1m is due to the run-off of legacy assets and several large fundraisings having yet to come to market, said co-chief executive Glenn Youngkin.
The two were among several big names to back the deal, either as rolling LPs or new backers, according to general partner 3i.
The venture capital specialist has closed a $125m fund targeting primary-, early secondary- and direct investments in technology-focused buyout funds.
Several large infrastructure deals are in market, including the sale of a portfolio of stakes by Alaska Permanent Fund.
The process on Permira IV centres on software company Genesys, valued at $3.8bn as of 2016.
The most important takeaways from the advisor's latest full-year market report, published Friday.
Secondaries Investor got an inside tour this week of the advisor’s 2019 volume report, which pointed to a slightly disappointing year, particularly for GP-led deals.
Jörg Goschin of KfW Capital said the firm is working with the government to make it easier for VC LPs to access liquidity.
The €2bn restructuring of PAI Europe V, centred around one of the world's largest ice cream makers, suggests the secondaries market may be too small.