Glossary · Capital structure
Preferred equity
Equity that carries a fixed priority return ahead of common equity.
Why it matters
It behaves like quasi-debt — bond-like cash flows with equity treatment.
Related
- Common equity
First-loss, last-paid capital with uncapped upside.
- Mezzanine debt
Junior debt that sits between senior and equity in the capital stack, with a higher cost (typically 10–15%), used to fill the leverage gap.
- Capital stack
The layered financing in a deal, from senior debt (lowest risk and return) up through mezzanine, preferred equity and common equity (highest).
Words are easy. A match is hard.
GPX turns one deal document into a ranked, briefed shortlist of the lenders and investors that actually fit — debt and equity.