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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.

Structured secondaries transactions often carry lower risk

Investors buying a preferred equity position in funds with a structured investment approcach can more easily decrease risk compared to investors in traditional secondary funds, according to a study conducted by 17Capital and PERACS.

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