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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.
Private equity has probably outperformed public equities over the past 21 years but the uncertainty around performance and how it is measured remains a sticking point for the industry, writes Rod James.
The amount of dry powder dedicated to impact secondaries increased markedly in 2022 – if from a very low base.
US public pension funds such as Employees Retirement System of Texas and State of Wisconsin Investment Board are looking to slow their investment pace.
Render of programming code
Capital constrained early investors often need help claiming the pro-rata stake they are entitled to in later funding rounds.
Insight Partners tech downturn
Jeff Lieberman speaks to PEI about declining tech valuations, the end of ‘growth at all costs’ and opportunities brought about by the downcycle.
Si 50
Though this year’s ranking of the biggest secondaries fundraisers has a different name at number one for the first time ever, many of the most interesting subplots can be found further down.
As an increasing number of sponsors turn to secondaries processes, doubts are being raised about the market’s building blocks. Just how aligned is the secondaries market today?
Conflicts of interest can arise within the LP base as LPACs act in their own interest, not in the interest of the fund.
For the GP, internal alignment is another opportunity to manage team dynamics. Third parties will want to see that the right people participate in the economics.
When dealing with waterfalls, there are tools that can be used to create economic alignment from the outset.

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