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.
LPs can bring a lot more to the table than just cash.
Profit-with-purpose has made a mark in the past year, despite recent negative headlines.
Emerging market GP-led deals are rife with difficulties but Carlyle’s name and the dynamics of the secondaries market suggest a deal can be done on its Africa fund.
Joseph Lombardo, who left AlpInvest's partnerships team in December, has joined former MD Sean Gallary at mid-market fund of firms outfit Stonyrock Partners.
The private equity giant approached secondaries buyers about acquiring LP stakes in its 2013-vintage Sub-Saharan Africa Fund and making a stapled commitment to its successor.
The size of the alleged fraud, the involvement of the US government and his high-level political connections in Pakistan make granting the Abraaj founder bail too great a risk, a UK court decided.
As the Abraaj case plays out in the criminal courts, the impact on private equity investors and the GP-LP relationship will become palpable.
The former managing partner and head of impact appeared by video-link at Westminster Magistrates Court on fraud charges brought by the US government.
A timeline shows what Abraaj and founder Arif Naqvi are alleged to have done regarding the misappropriation of capital from its 2015-vintage Growth Markets Health Fund, according to the US regulator's complaint.
The spin-out of 55 people, 35 companies across three continents and the need to juggle the interests of several LPs that happen to be secondaries firms: the deal shows just how far things have come.