Dawson Closes GPF1 at US$400 million
September 15 2022
- New fund brings firm’s assets under management to over US$11.7 billion
TORONTO, September 15, 2022 – Dawson Partners (“Dawson” or the “Firm”), a specialized investment manager focused on providing structured liquidity solutions to the alternative asset class, today announced that it has completed fundraising for Dawson GP Finance 1 (“GPF1” or the “Fund”) at US$400 million, in excess of its US$350 million target.
With the close of GPF1, Dawson has raised over US$11.7 billion in commitments since its inception in 2015. It has deployed US$16.4 billion across more than 180 transactions. Additionally, in just under two years, the team has more than doubled in size to 131 professionals.
“We are delighted to announce the final closing of GPF1 above our target,” said Yann Robard, Managing Partner of Dawson. “As the private markets continue to grow, we expect to see sustained demand for liquidity solutions that provide GPs and LPs with the flexibility they need, particularly in this challenging geopolitical and macroeconomic environment. We believe we are well positioned to capitalize on this market opportunity long into the future and proud to have one of the best teams in the business to do exactly that.”
GPF1 was established to further enable Dawson to capture the growing market opportunity for general partner liquidity solutions. The Fund received commitments from a number of institutional investors, including leading global insurance companies, pension plans, financial institutions and investment managers.
“GPs are increasingly seeking ways to access capital outside of traditional sources and to manage their own balance sheets. We are pleased to be able to meet this need through our flexible structured solutions,” said Michael Gubbels, Partner at Dawson. “With the closing of GPF1, we’re excited to continue providing GPs the liquidity they desire.”
Kirkland & Ellis LLP and Goodmans LLP served as legal counsel for Dawson and GPF1.
About Dawson Partners (“Dawson”)
Dawson, formed in 2015, is a private equity firm focused on providing structured liquidity solutions to the alternative asset class. Dawson has identified what it believes to be a significant and untapped market opportunity in the utilization of structured products to generate liquidity on private equity portfolios. Since inception, Dawson has raised over US$11.7 billion in commitments and has deployed US$16.4 billion across over 180 transactions. For more information, please visit https://www.dawsonpartners.com.