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.
Academic Cyril Demaria and Greenhill's Bernhard Engelien debate the role of secondaries in portfolio construction and what LPs should bear in mind.
The fund was targeting $550m to invest in smaller, less competitive secondaries deals across private equity, venture capital and natural resources.
Unlike secondaries deals, mid-life co-investments do not require the creation of a new vehicle or resetting fund economics.
The proportion of secondaries transaction volumes to primary capital raised has stayed stubbornly around the 1% mark, as the primary market continues to grow.
The rapid growth of the secondaries market has created a war for talent, with the number of job moves increasing by 50% between 2019 and 2020.
Tikehau Capital acquired Singapore secondaries firm Foundation Private Equity in July, having entered the credit secondaries market in 2019.
The fund will be seeded by a portfolio of 12 GP-led investments made using the Canadian insurer's general account, Secondaries Investor has learned.
Strategic Partners Fund IX is likely to be one of the largest ever secondaries funds, with a target of $13.5bn.
Mary Hunt will advise on diversity, equity and inclusion in the Chicago manager's portfolio and manage a new fund focused on the area.
Around half the LPs in the 2008-vintage €608m Capvis Equity III rolled over into the continuation vehicle.
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