Structured capital with a fixed return and priority over common equity, used to reach proceeds beyond what senior debt alone will support.
The preferred tranche is priced on downside protection rather than upside participation, which makes it available in markets where common equity has stepped back. For a sponsor, it fills the gap without surrendering control of the business plan.
Carlton has placed more than $200 billion of equity and debt since 1991, across six continents and every major asset class. The Journal is one of the firm's landmark transactions — see the full record of closed transactions for the complete list.
Sponsors and developers — bring us your deal for equity and debt across the stack.
