Toronto-based alternative asset manager Dawson Partners is preparing to debut a new strategy focused on the credit secondaries market, as demand for liquidity in private credit portfolios continues to grow, according to a report by Bloomberg.
The firm reportedly decided to launch the strategy after taking part in a number of secondary transactions, according to people familiar with the matter. These include participation in a $3.2bn continuation fund led by Crescent Capital Group and the acquisition of around $1bn of assets from the Hong Kong Jockey Club last year.
Formerly known as Whitehorse Liquidity Partners, Dawson specialises in fund finance, providing liquidity solutions to investors in private equity funds, as well as financing to private equity-backed companies. It has also expanded its presence in collateralised fund obligations, which bundle interests across private equity and private credit.
