Preferred Equity

‘Self-liquidating’ helps Arctos make a $6.2bn GP financing debut

The Keystone strategy is expected to remain relevant across fundraising cycles, says managing partner Ian Charles and partner Charlie Tingue.

How we conducted Secondaries Investor’s Global Market Survey

Our inaugural survey takes the temperature of LP, GP, buyer and provider attitudes towards this fast-growing market.

Download Secondaries Investor’s Global Market Survey

Secondaries Investor’s inaugural survey of LPs, secondaries buyers, GPs and advisers offers a complete view of the market and the direction it’s heading in. Conducted in partnership with Goodwin.

Dawson brings in more than $800m for latest GP financing strategy

The structured solutions specialist has closed Dawson GP Finance 2 on its $750m hard-cap, surpassing its $500m target.

2026 should set another record despite macro uncertainty: PJT’s Millan

The secondaries market is taking stock of macro events, which could lead to some movements around pricing, PJT Partners’ Adrian Millan said at NEXUS 2026.

Dawson backs $2bn+ pref equity deal with Thrivent

The deal is the largest Dawson has completed and comes as the firm continues to raise its largest flagship vehicle to date.

The CV alternative when growth is the objective

The growth and adoption of mid-hold equity is expanding the capital market toolkits of GPs and providing an alternative to single-asset CVs when an extended investment runway for portfolio company growth is the primary goal, write Audax’s Kumber Husain and Daniel Green.

Dawson raises more than $8bn for sixth flagship

Dawson Portfolio Finance 6 has beaten its target as the firm continues to deepen relationships with US-based LPs.

Liquidity options proliferate for VCs

Venture capital firms are motivated to find ways to return capital to their LPs. Beyond continuation funds, these managers are running strip sales, preferred equity deals and tender offer processes to generate liquidity.

Federated Hermes secures $600m pref equity deal from Carlyle AlpInvest

Horizon II, a private equity mandate Federated Hermes was awarded by the BT Pension Scheme, has received the LP-interest financing.