Dawson Bundles Fund Stakes for $1.2 Billion in Deal Spree

Dawson Partners packaged private fund stakes into a $1.2 billion securitization as it looks to capitalize on growing demand for bespoke debt in the private sector.

The deal is the fifth so-called collateralized fund obligation the Toronto based company has completed since 2022, for a total of $4.2 billion over that period, according to a statement by Dawson.

Collateralized fund obligations package up stakes in private credit or private equity funds into bonds of varying size and risk, giving outside investors like insurance companies a convenient way to get exposure to private funds.

Dawson, formerly called Whitehorse Liquidity Partners, helps ...