Churchill Gets $425 Million in Fund Financing Through Dawson Deal

Churchill Asset Management struck a deal to provide cash to investors in some of the private-equity funds it manages, as the investors contend with a slowdown in cash flow from their investments.

New York-based Churchill, which manages more than $50 billion across debt and equity strategies, has secured $425 million in financing from Dawson Partners. The Toronto firm, formerly known as Whitehorse Liquidity Partners, specializes in preferred-equity transactions.

Source: REUTER