Preferred equity

Richard Golaszewski becomes the preferred equity firm's seventh senior hire this year as it seeks €1.8bn for Fund 5.

The preferred equity pioneer is understood to be seeking at least 50% more than its predecessor for Fund 5.

The hire comes at a time of sustained growth for the preferred equity firm.

Key takeaways from our podcast this week with 17Capital’s Augustin Duhamel on the state and future of preferred equity.

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.

The appointments bring the number of staff at the preferred equity specialist to 34.

Vjerana Spajic joins the Carlyle unit to focus on preferred equity, six months after Secondaries Investor reported she had left the firm.

The buyout firm has been in discussions with providers over a £500m finance facility for its 2013-vintage HgCapital 7 fund, Secondaries Investor has learned.

The preferred equity specialist has also hired a general counsel as it seeks $1.5bn for its third vehicle.

The preferred equity specialist is returning to market two months after announcing the final close on its second fund.