Preferred equity

The niche strategy is coming into its own, as it did back in the global financial crisis.

Whitehorse Liquidity Partners is a rising star of the preferred equity market, led by one of the industry’s most charismatic figures. What’s behind its success? A strategy treated as ‘genius’ by some and with wariness by others.

The preferred equity specialist's founder Pierre-Antoine de Selancy discusses what finance is available after a vehicle's investment period in this sponsored Q&A.

The promotions at the firm include one to partner as it invests its $2bn third fund.

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.