For a two-tier Multiple-Input Multiple-Output (MIMO) cognitive network with common receiver, the precoding matrix has a compact relationship with the capacity performance in the unlicensed secondary system. To increase the capacity of secondary system, an improved precedes based on the idea of regularized inversion for secondary transmitter is proposed. An iterative space alignment algorithm is also presented to ensure the Quality of Service (QoS) for primary system. The simulations reveal that, on the premise of achieving QoS for primary system, their proposed algorithm can get larger capacity in secondary system at low Signal-to-Noise Ratio (SNR), which proves the effectiveness of the algorithm.