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Preferred equity

CPPIB backs Olympus stapled deal – exclusive

Canada's largest pension fund has used preferred equity in a transaction that helps the Asia-focused buyout firm with its Fund V, Secondaries Investor has learned.

CPPIB’s Riva joins Whitehorse – exclusive

Giorgio Riva, a key member of the Canadian pension giant's secondaries team, has joined the preferred equity specialist as a partner, Secondaries Investor has learned.

Whitehorse debut fund 50% invested

The preferred equity specialist, led by former CPPIB secondaries head Yann Robard, closed its debut fund in May.

17Capital head of marketing departs

The former Coller Capital exec has left the preferred equity pioneer after three years.

17Capital closes Fund 4 on €1.2bn

The preferred equity pioneer had a 90% re-up rate in its latest vehicle that exceeded its initial target.

Taking a different approach

As the secondaries market matures, strategies have become more diverse. Ardian, Azini Capital and 17Capital are three firms that stand out.

Preferred equity: an alternative to secondaries and debt

While the secondaries market is providing a convenient avenue for limited partners to sell fund stakes and access to liquidity, alternatives such as preferred equity have become welcomed opportunities for LPs looking to preserve portfolio upside, explains Pierre-Antoine de Selancy, managing partner and co-founder of London-based 17Capital.

Structured secondaries transactions often carry lower risk

Investors buying a preferred equity position in funds with a structured investment approcach can more easily decrease risk compared to investors in traditional secondary funds, according to a study conducted by 17Capital and PERACS.