Preferred equity

The preferred equity specialist founded by Yann Robard has raised $975m for its second fund.

Pierre Garnier, who spent three years at Pantheon and was most recently a vice-president at Lazard, joined the preferred equity specialist in June.

The preferred equity specialist has raised $836m since launching in January, more than twice the total raised for its debut fund.

Bumper fundraising, stapled deals and preferred equity were some of the themes in the awards for 2017.

A survey carried out by 17Capital suggests most LPs do not feel their liquidity needs are met by the secondaries market.

The preferred equity specialist has raised $729m a month after Secondaries Investor reported that the firm was preparing to hold a close in the first quarter.

The fund has a 14-year life and 60% of the GP commitment will be put forward by the firm's parent.

Beate Pelz has left the preferred equity specialist after two and half years as the firm adds an analyst to its team.

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.

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.