Preferred Equity

Hybrids and NAV loans offer unique uses in continuation funds

The loans represent small portions of activity for the GP-led vehicles, but they can be used for certain funding and buyer needs.

17Capital promotes 13 in wake of record deployment

Fund finance specialist elevates personnel across five teams.

Whitehorse to open London office led by long-time partner

This is the first outpost after the preferred equity specialist’s Toronto headquarters and comes as the firm seeks $5bn for its latest flagship.

Apogem and Headlands among investors on Timber Bay Partners-led deal

New equity and debt capital was raised on a GP-led structured secondaries deal for RFE Investment Partners’ asset ZRG in an Atlantic-Pacific Capital-advised deal.

AlpInvest targets $500m for single asset-focused fund

The Carlyle unit’s Atom Fund comes as the firm bids farewell to one of its co-heads and focuses more on credit.

17Capital hires New York MD following two departures

The PE lender has hired Dane Graham from RBC after losing two New York-based managing directors earlier this year.

Whitehorse raises $400m to invest in GP management companies

The firm is responding to demand from GPs for capital to help manage their balance sheets, according to partner Michael Gubbels.

Whitehorse loses partner and Next Gen Leader

The preferred equity specialist is seeking as much as $6bn for its latest fund, which could bring its AUM to at least $14bn.

Fried Frank adds partner from Kirkland & Ellis

The law firm has hired a fund finance specialist to take advantage of asset-backed lending, which has become an increasingly popular alternative to secondaries sales.

Mercury adds US secondaries advisory exec

The adviser and placement agent sees a growing opportunity in the US lower middle market, particularly in preferred equity.