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 Nordic direct secondaries specialist has invested 40% of its 2016-vintage fund, Secondaries Investor has learned.
The deal involves the Polish private equity firm's 2010-vintage fund and investors have the option to sell or roll over into a new vehicle, Secondaries Investor has learned.
RCP Secondary Opportunity Fund III, which launched in July with a $500m hard-cap, will focus on lower and mid-market North American funds.
The transition away from tail-ends and GP-led restructurings is already happening, said Pal Ristvedt at BVCA's annual conference.
Secondaries have under-performed the All Funds index across all timeframes under review, according to the LP association.
The firm's main business is giving Canadian investors low-cost access to KKR funds through a Canada-domiciled vehicle.
Law firm Kirkland & Ellis has elevated Jaclyn L. Rabin and Paul Mysliwiec to the position of partner as part of a raft of promotions.
The firm's mature secondaries fund has acquired stakes in vehicles managed by Vision Capital, DH Private Equity and Abingworth, among others.
This is the first dollar-demoninated fund for the tail-end specialist, which attracted US and multinational institutional LPs to its latest vehicle.
Carlyle, Apollo and Blackstone funds were among those that changed hands in the deal involving $644m of NAV.
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