Home Preferred

preferred

17Capital hires more JPMorgan fund finance execs

Fund finance professionals David Wilson and Emad Shahin follow Thomas Doyle, who joined the preferred specialist as a partner in September.

Landmark buys minority stake in tech GP

The secondaries firm, along with investment manager Wafra, has acquired a stake in Siris Capital Capital Group and will fund the repurchase of another minority stake sold at the firm's inception.

Whitehorse races towards $1.5bn target for Fund III

The preferred equity specialist has raised almost $1bn for Whitehorse Liquidity Partners III, which launched in November.

17Capital expands New York team

Jonathan Goldberg joins from the leveraged finance team at RBC Capital Markets, making him the third senior appointment made by 17Capital in nine months.

Goldman, Coller and Morgan Stanley-backed ‘Liquidity Fund’ explained

Liquid Stock has raised a $150m fund aimed at employees of private companies, using a part-debt/part-equity strategy.

Whitehorse targets Q1 close on second fund – exclusive

The preferred equity specialist is targeting $750m for Whitehorse Liquidity Partners II with a $1bn hard-cap, Secondaries Investor has learned.

17Capital head of marketing departs

The former Coller Capital exec has left the preferred equity pioneer after three years.

17Capital closes Fund 4 on €1.2bn

The preferred equity pioneer had a 90% re-up rate in its latest vehicle that exceeded its initial target.

Taking a different approach

As the secondaries market matures, strategies have become more diverse. Ardian, Azini Capital and 17Capital are three firms that stand out.

Preferred equity: an alternative to secondaries and debt

While the secondaries market is providing a convenient avenue for limited partners to sell fund stakes and access to liquidity, alternatives such as preferred equity have become welcomed opportunities for LPs looking to preserve portfolio upside, explains Pierre-Antoine de Selancy, managing partner and co-founder of London-based 17Capital.

Copyright PEI Media

Not for publication, email or dissemination