Toronto-based private credit manager Dawson Partners is preparing to return to market with a new flagship fund, just months after closing its previous vehicle at approximately $7.7bn, according to a report by Bloomberg.
The firm is expected to formally launch fundraising efforts around the middle of the year, having already begun preliminary discussions with existing and prospective investors, according to people familiar with the plans. The upcoming fund is expected to be at least the same size as its predecessor, which closed at its $7bn hard cap alongside additional co-investment capital.
The prior vintage, Dawson Portfolio Finance 6, also secured around $700m in co-investments, reflecting continued investor appetite for the firm’s credit strategies despite a more selective fundraising environment across private markets.
Dawson focuses on fund finance solutions, providing liquidity to private equity sponsors and supporting portfolio companies through structured lending arrangements. The firm has also expanded into collateralised fund obligations, which package exposures to private equity and private credit assets into investable vehicles.
Alongside its flagship strategy, Dawson is expanding its product suite into evergreen capital. The firm is planning a retail- and wealth-focused vehicle that will invest in secondaries, primary fund commitments and co-investments, broadening access to private markets strategies for high-net-worth investors.
