The Private Investment Funds team advised Dawson Partners in the closing of a $425 million transaction with Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen.
The transaction, solely financed by Dawson vehicles, served as an alternative solution to a traditional secondary sale, delivering liquidity to Churchill investors on a curated portfolio of 19 high-quality buyout fund interests. The structure provides Dawson vehicles with downside protection and upside participation, and Churchill investors with immediate liquidity and future upside potential. Further, the transaction secured strategic unfunded capital to support the growth of Churchill’s middle-market GP-led secondaries and equity co-investment platforms.
Dawson is a leading global alternative asset manager focused on providing innovative structured solutions to the private markets. Founded in 2015 as Whitehorse Liquidity Partners, Dawson provides tailored portfolio financing and liquidity solutions to LPs and GPs. The firm has raised over $17 billion in commitments and has deployed over $22 billion across more than 225 transactions.
The Goodwin team was led by Rob Emerson with support from Steve Robles, Tom Jackson and Aiste Zalepuga (Private Funds), and Steve Clemens and Aime Salazar (Tax).
For additional details on the transaction, please read the press release.