Key takeaways from our podcast this week with 17Capital’s Augustin Duhamel on the state and future of preferred equity.
The deal involves Phoenix Tower International, which is held in the firm's $7bn 2012-vintage vehicle.
The LP body’s latest best practice guidance recognises the growing role of GP-led secondaries.
Ben Pearce and David Perrin played key roles in developing the firm's secondaries capabilities in Europe and the US respectively.
Preferred equity isn’t new but firms such as 17Capital are applying it to private equity via dedicated funds. In this 26-minute podcast we speak to managing partner Augustin Duhamel about the strategy that is quietly taking the market by storm.
Melissa Ackermann
Melissa Ackermann, who joined investment firm Multiplicity Partners in June, discusses the opportunities in out-of-favour real estate secondaries deals.
The firm, founded by former AlpInvest Partners secondaries head Tjarko Hektor, has hired a vice-president from HQ Capital.
Tony Cusano has founded Banner Ridge Partners and hired a principal from his former firm as a partner.
The debut fund will target primary, secondaries and direct co-investments across multiple geographies, sectors and strategies.
The secondaries giant invested $11bn in the strategy last year, up from $6.4bn the prior year, according to its latest annual report.
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