Dawson Partners, a leading global alternative asset manager, announced the successful closing of Dawson Logan 5, a $1.2 billion GP-Led Collateralized Fund Obligation (CFO) offering that surpassed its initial target of $750 million.
This marks Dawson’s fifth GP-Led CFO transaction since the firm’s inaugural issuance in 2022, bringing the firm’s total CFO issuances to approximately $4.2 billion, with $2.4 billion issued in 2025 alone.
The Dawson Logan series of GP-Led CFOs represents a pioneering structured products platform that provides investors with access to diversified exposure to private markets. Dawson’s CFO offerings are designed to invest into the firm’s own vehicles and underlying investments, offering institutional investors innovative ways to participate in the private asset market.
The latest offering attracted significant demand from a broad global investor base that includes insurance companies, asset managers, and financial institutions. The strong participation included both repeat investors and new entrants drawn to Dawson’s growing structured product suite.
Dawson’s structured finance innovation underscores its growing reputation as a first mover in the GP-Led CFO market—a segment that remains in early development but is rapidly gaining traction among investors seeking structured access to private market returns.
Since its founding in 2015, Dawson has built a strong track record of innovation and growth. The firm now manages over $23 billion in assets, has sourced more than $945 billion in investment opportunities, and deployed over $30 billion across 295 transactions. The company employs more than 235 professionals across offices in Toronto, London, and New York City, and continues to expand its presence in key global financial centers.
Counsel: Legal counsel for the Dawson Logan 5 transaction was provided by Fried, Frank, Harris, Shriver & Jacobson.
KEY QUOTES:
“The successful closing of Dawson Logan 5 marks another milestone in the evolution of our Firm, as well as our structured products offerings. In 2022, we identified the GP-Led CFO market as a means to diversify the distribution of our products, all whilst accelerating the capitalization of our business. Our goal was clear: to enable Dawson to continue to capture a growing market opportunity. Innovation is at the heart of all we do at Dawson, and we see ourselves as a first mover in a nascent market. In a short period of time, we believe we have established ourselves as a global leader in the GP-Led CFO market.”
Yann Robard, Managing Partner, Dawson Partners
“Investor response to Dawson Logan 5 supports our belief that while this market is still in its early days demand for tailored structured exposure to private assets will continue to grow. We believe our experience in designing, structuring, and managing these transactions is a key differentiator and core driver of growth for our structured products platform.”
Pramit Sheth, Head of Structured Products, Dawson Partners
