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Preferred equity

17Capital
The appointment of Myriam Vander Elst follows that of an ex-Wells Fargo subscription finance executive in May.
New York
The investment comes from Goldman's Vintage Real Estate Partners II, which closed in May on $2.75bn.
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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.
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Ottawa Avenue Private Capital, a subsidiary of RDV Corporation, is set to receive liquidity via a preferred equity and traditional secondaries transaction.
London
The UK mid-market buyout firm has been working with advisor Goldman Sachs on securing financing for its 2015-vintage fund.
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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.
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The firm believes the four deal types represent a market opportunity of up to $8bn a year, according to US pension documents.
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Preferred equity has become one of the options for GPs who need additional capital for existing portfolio companies.
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Secondaries funds are more exposed to individual companies than ever and will play a significant role in seeing them through the crisis.
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