Preferred equity

The Whitehorse Liquidity Partners founder details how the firm structures its deals, how its strategy has evolved and what’s in store for secondaries over the next five years.

HarbourVest Partners backed the deal, which gives liquidity to investors in a portfolio of regional assets in return for preferential early cashflows.

Fokke Lucas has been at the preferred equity specialist since joining as an investment associate in 2012.

The preferred equity specialist has raised $2bn for Whitehorse Liquidity Partners Fund III, less than one year after launching the vehicle.

Ed Ford and Sacha Gofton-Salmond of law firm Travers Smith outline the pros and cons of preferred equity transactions.

We weigh up the pros and cons of the most common types of GP-led secondaries.

The appointment is the third former CPPIB investment professional to join the preferred equity firm this year.

Which firms raised the most capital over five years revealed, and what the changes mean for the secondaries market.

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.