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 VC firm, one of Europe's largest, will use the vehicle to make direct secondaries investments in European technology companies.
The listed vehicle made four secondaries investments in the three months to the end of August, including in a portfolio of US growth funds and an American gas producer.
The secondaries manager, which added a business development director in September, has looked outside finance for its new head of comms and IR.
Limited partners in the firm's 2010-vintage $400m co-investment vehicle can approve an extension or sell to a secondaries buyer.
New managers are up, secondaries are down and co-investments remain popular in the latest version of the Rede Liquidity Index.
Investors in a 2006-vintage, $715m US mid-market buyout fund were given the option to sell or roll over into a five-year continuation vehicle.
The firm is selling special metals services provider Scanacon Intressenter, which it acquired in 2012 through a take-private deal.
Bridge funds, preferred equity vehicles and fund unitranche are just some of the latest developments in an evolving market.
The pioneers of the sub-asset class wouldn’t recognise some of today’s transactions as belonging to the same market.
Having offloaded a portfolio of 19 positions in March, the pension plans to strike again in the 2019 fiscal year.
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