Preferred equity

The appointment of Myriam Vander Elst follows that of an ex-Wells Fargo subscription finance executive in May.

The investment comes from Goldman's Vintage Real Estate Partners II, which closed in May on $2.75bn.

The once niche strategy has gained traction in the face of stiff competition from banks and debt funds, data from the advisor's mid-year report show.

Ottawa Avenue Private Capital, a subsidiary of RDV Corporation, is set to receive liquidity via a preferred equity and traditional secondaries transaction.

The UK mid-market buyout firm has been working with advisor Goldman Sachs on securing financing for its 2015-vintage fund.

The appointment follows that of Daniel Lee as head of fundraising and investor relations for North America in April.

There are bright spots to look out for at a time when secondaries activity is largely paused with the global spread of covid-19.

The firm believes the four deal types represent a market opportunity of up to $8bn a year, according to US pension documents.

Preferred equity has become one of the options for GPs who need additional capital for existing portfolio companies.

Secondaries funds are more exposed to individual companies than ever and will play a significant role in seeing them through the crisis.