An Evergreen Version of Dawson’s Structured Secondary Private Equity Strategy – substantial anchor-class fee discount

Nov / 03 / 25

Mid-September marked the launch of Spartan’s DP PF Access Fund, (the “Fund”), a Canadian-domiciled continuously-offered “evergreen” version of Dawson Partners’ structured secondary private equity strategy.  To date, Dawson has raised over US$1B in various similar vehicles across the globe.

 

The Fund will invest alongside Dawson’s flagship closed-end funds into portfolios of diversified structured secondary private equity investments with annual returns targeted in the approx. 10%-11% range, net of fees.

 

Unlike previous closed-end Dawson vehicles, the Fund will be available to Accredited Investors and eligible for Registered Accounts.

 

All units are C$-denominated and are available in Class A and Class F versions as either distributing or DRIP units.  Annual distributions are targeted in the approx. 8% range and the majority of such distributions should be classified as capital gains.

 

There is a significant “anchor-class” fee discount available until the earlier of (i) DP PF raising C$200M in the Fund and (ii) March 31, 2026:

• the anchor-class Management Fee is 0.95% as compared to 1.45% for the non-anchor class
• the anchor-class has no Performance Fee, compared to 10% over a 5% hurdle for the non-anchor class

 

Subscriptions into the Fund are monthly on the 21st of the month or preceding business day (if the 21st falls on a weekend or holiday). Redemptions are on the last business day of each calendar quarter, subject to 55 calendar days notice.

 

For more details, please CLICK HERE or contact Paul Patterson (ppatterson@spartanfunds.ca) who would be pleased to provide you with additional details.