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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 amount of dry powder dedicated to impact secondaries increased markedly in 2022 – if from a very low base.
Until technology can provide the market with sufficiently standardized transaction templates, its progress will be accretive, not revolutionary
The departure of Jake Stuiver comes five months after that of Mike Custar, the founder of M2O's secondaries business.
leverage
What was an exception is now mainstream, with buyers using leverage as bridging finance and to boost returns, according to Investec.
volatility
While initial secondaries volume estimates point to a record first half, expectations for full-year 2022 may have to be revised downward.
A company subject to a secondaries transaction could have at least five layers of leverage acting on it, from LBO debt up to a fund-level capital call facility. We investigate the test posed by the coronavirus to these layers, each with their own dynamics.
P_Pricing_Value creation
Although public market volatility doesn't have to weigh heavily on companies' December NAVs, GPs ignore it at their peril.
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