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.
As Hollyport seeks $750m for its latest flagship fund, we look at the terms of the fund and the niche secondaries specialist's performance so far.
Lexington Partners, Adams Street and StepStone were part of a consortium that acquired five assets off Eurazeo's balance sheet which were used to seed the €700m Eurazeo Capital IV buyout fund.
With half the market on the beach, it’s time to take stock. These are the stories that generated most interest on Secondaries Investor in the first half of the year.
Steven Westerback, who had been with Cebile since 2017, has joined as a partner and head of secondaries advisory.
Adam Tope will focus on infrastructure, energy and real estate GP-led restructurings.
Richard Golaszewski becomes the preferred equity firm's seventh senior hire this year as it seeks €1.8bn for Fund 5.
The €192m deal follows Three Hills' acquisition of half of Hutton Collins' debut fund, including burger chain Byron, via a secondaries deal in 2018.
First-half figures suggest another record-breaking year for secondaries deal volume, despite softer pricing and lower LP take-up in GP-led deals.
Secondaries market volume hit $42bn in the first half, a 56% year-on-year increase, including nine deals worth more than $1bn.
Canada's largest insurer has sold a portfolio of 50 US mid-market funds into a vehicle backed by the Carlyle subsidiary and managed by its own PE investment team.