Dawson Closes GP Finance 2 at US$750 Million Hard Cap
March 31 2026
- GP Finance 2 exceeded its US$500 million target, closing at its US$750 million hard cap; total capital commitments reach US$840 million when including affiliated vehicles
- Latest fund positions Dawson to continue to capitalize on what it sees as a significant and growing opportunity in the GP financing market
TORONTO, March 31, 2026 – Dawson Partners (together with its advisory affiliates, “Dawson” or the “Firm”) today announced the successful final closing of Dawson GP Finance 2 LP (“GP Finance 2” or “GPF2”) at its hard cap of US$750 million, significantly exceeding its initial US$500 million target. In total, GPF2, together with affiliated vehicles, raised US$840 million in capital commitments.
“Since our inception, Dawson has focused on delivering innovative structured solutions across private markets. Dawson entered the GP solutions market in 2019 and has since closed on over US$8.5 billion across 32 transactions with 19 GPs,” said Yann Robard, Managing Partner of Dawson. “We believe the GP financing market represents a large and expanding opportunity, and GPF2 helps support our ability to remain well-capitalized to meet that demand. We continue to see strong engagement from high-quality, blue-chip sponsors seeking flexible and strategic capital solutions in today’s market environment.”
“Dawson’s GP financing solutions provide structured, non-dilutive capital to private equity sponsors, offering a compelling alternative to traditional GP stake sales and other forms of management company financing,” said Giorgio Riva, Partner at Dawson. “We partner with GPs to deliver bespoke solutions that can support increased GP commitments and enhance balance sheet flexibility and fund strategic initiatives—while allowing sponsors to retain ownership and control of their management companies. Our objective is to ground our approach in disciplined underwriting and deep structuring experience, with a strong emphasis on alignment and long-term partnerships.”
“We are very pleased to have closed our second GP solutions fund at its US$750 million hard cap in what has been a challenging fundraising environment, significantly exceeding our US$500 million target,” said Josh Booth, Partner at Dawson. “We are grateful for the continued support of both existing and new investors. This outcome reflects the strength of our strategy and the confidence our partners have in our ability to deliver flexible, high-quality solutions to GPs.”
GP Finance 2 received strong support from a broad base of investors, including public and corporate pension plans, insurance companies, endowments and foundations, amongst other financial institutions.
About Dawson Partners (“Dawson”)
Dawson is a global alternative asset manager focused on providing structured solutions to private markets. Founded in 2015, Dawson provides tailored portfolio financing and liquidity solutions to LPs and GPs. Dawson takes a differentiated approach to sourcing, structuring, and managing bespoke portfolios to meet the evolving needs of a growing market. The Firm has over US$26 billion of assets under management and has deployed over US$32 billion across more than 310 transactions. Dawson has over 250 employees and offices in Toronto, London, UK and New York City. For more information visit: https//www.dawsonpartners.com.