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.
At the same time the firm launched an offshore vehicle with a life of less than a year.
The Pennsylvanian pension scheme wants to clarify the impact of manager fees on returns and increase the transparency of fee reporting.
The Israel-based fund of funds has just closed its fourth secondaries fund on $215m. Co-founder Alan Feld discusses the opportunities he is seeing in the market and how secondaries investors need to do more for the companies and GPs they work with.
The volume of fund of funds stakes traded on the secondaries market increased by 289% compared to FY2016, one of a number of big increases.
The €325m, 2008-vintage Halder-GMIV Germany II contains seven small- and mid-market assets.
The stakes were offloaded by Norinchukin Bank, a Japanese co-operative.
Elly Livingstone, who has been at the firm for 13 years, will relinquish his role to the London- and New York-based partners.
The 80% invested fund has closed 26 secondaries deals.
The Nordic direct secondaries firm acquired the interest in Exensor in 2013 when it acquired the remaining assets of a 2000-vintage VC fund.
The US pension has backed the fund of funds' latest vehicle and has also committed to an SMA with the Asia-focused manager.
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