Dawson Partners, a private equity firm focused on making preferred equity investments in private equity portfolios, announced a successful final close for Dawson Portfolio Finance 1 at its US$400 million hard cap, well above its US$300 million target.
The firm received interest from potential investors in excess of the hard cap. Dawson’s initial investor base includes a diversified group of leading insurance companies, public and corporate pension plans, family offices, financial institutions and individual investors.
PF1 achieved oversubscription within two quarters of launching our broad fundraising efforts without the use of a placement agent.
The Firm announced the promotion of Rob Gavin to Senior Principal and appointed three new professionals: Julian Mirsky as an Associate (previously with Ontario Teachers’ Pension Plan and Citigroup), Tim Lu as an Analyst (from Paradigm Capital), and Marilia Bothamley as Controller (from the Canada Pension Plan Investment Board).
We are delighted to recognize Rob’s early contributions to the Firm with his promotion to Senior Principal.
Dawson’s successful debut fundraise is a result of our differentiated strategy, investment team, the early performance of our portfolio and significant support received from our investor base.
Proskauer Rose served as legal counsel for Dawson and PF1.
