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 firm is targeting blue-chip buyout funds in South Africa and the sub-Saharan region, with a first close expected in June.
The fund, which closed above its $200m target, will invest in small fund interests and structured deals.
The US pension is aiming to sell an unspecified portion of its $5bn in private equity portfolio, which comprises 198 individual positions.
While many UK pensions are familiar with the secondaries market, few view it as an easily accessible way of freeing up liquidity.
LPs from Canada, Norway and Benelux are all expecting to raise their deployment to secondaries, according to research by Rede Partners.
Making the business case for spinning out is often easy; the potential pitfalls come from the details of doing it.
Data from NYPPEX and Elm Capital show holding on to the oldest of these assets might not be worth the trouble.
Kevin Nowaskey, who was listed on Secondaries Investor's ranking of the most influential young professionals under 36 last year, will work on secondaries and fundraising in the firm's New York office.
The Texas pension needs to increase its exposure to non-core real estate on advice from consultant Meketa Investment Group.
SWAN III, which is already 50% deployed across 20 deals, can make primary, secondaries and co-investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: