Investments
17Capital partners with high quality private equity investors to support their ambition, growth, and performance objectives. NAV finance has flexible solutions, whether investing for portfolio growth, improving fund performance, or increasing commitments to new funds.
We build long term partnerships with management companies, funds and institutional investors, providing flexible, tailored structuring with certainty of execution and strong alignment of GP and LP interests.
As the leading provider of NAV finance, we are currently investing from our $2.9 billion 17Capital Fund 5 and our €2.6 billion Credit Fund.
One strategy, two differentiated products
We listen to our clients' objectives and structure the most effective transaction in the form of NAV loans or preferred equity to help them achieve their goals.
NAV finance
NAV loans
$4.7bn deployed
18investments
Preferred equity
$8.4bn deployed
86investments
Learn more about NAV financing
A portfolio management tool
Increase capital
- Increase investment capacity
- Support portfolio / asset growth
- Max and retain value creation
Accelerate liquidity
- Generate cash without selling
- Hold assets, retain value
- Optimise performance
Broad range of financing across the capital structure
Fund Portfolio
We partner with GPs / sponsors to offer flexible and non-dilutive financing solutions to existing funds. Our capital can be used to increase investment capacity to support the existing portfolio, for instance, to finance accretive add-ons or manage indebtedness. We can also accelerate liquidity to investors and help optimise fund performance.
Our finance is typically an alternative to individual company leverage or traditional liquidity events such as IPOs or M&A.
Finance is provided against the net asset value of the underlying portfolio and typically the lender receives the first distributions until a minimum return threshold has been achieved.
- Additional capital to grow assets
- Intermediate liquidity to investors
- Managing portfolio
Fund Portfolio
Fund further investments across the portfolio and make a distribution to LPs
European buyout manager
Europe
€940m
Contact us
Fund Portfolio
Increase in investment capacity to fund further investments
US buyout manager
United States
$330m
Contact us
Fund Portfolio
Fund further investments
European buyout manager
Europe
$400m
Contact us
Fund Portfolio
Increasing GP investment capacity for new and follow-on investments
European buyout manager
Europe
€360m
Contact us
Fund Portfolio
Accelerate liquidity to investors and create recallable capacity for follow-on investments
European buyout manager
Europe
€400m
Contact us
Portfolio company
Directly financing separateportfolio companies with fund-level repayment mechanism
Global buyout & growth manager
Asia
€68m
Contact us
Fund portfolio
Accelerate liquidity to investors
European buyout manager
Europe
€1,100m
Contact us
Management Company
Our finance can be used as a GP or management company financing tool to finance a range of opportunities including enabling managers to increase their GP commitment, optimize their balance sheet, seed a new strategy or finance succession planning as an alternative to selling a minority equity stake.
Our finance can be provided against the various economics attributable to the management company including GP commitments, carried interest and management fees.
- Financing GP commitments
- Non-dilutive growth capital
- Succession planning
Management Company
Augment GP commitment to latest fund
European buyout manager
Europe
€325m
Contact us
Management Company
Finance strategic M&A at the management company level
US buyout manager
United States
$50m
Contact us
Management Company
Augment GP commitment to latest fund
European buyout manager
Europe
$111m
Contact us
Management Company
Generate investment capacity for firmwide strategic initiatives
US buyout manager
United States
$500m
Contact us
Management Company
Augment GP commitments to a continuation fund
US buyout manager
United States
$48m
Contact us
Management Company
Financing to GP team for balance sheet optimisation
US buyout manager
United States
$220m
Contact us
Investor
We partner with Limited Partners in high quality portfolios who may be seeking early liquidity, looking to fund commitments or rebalance their portfolio. As an alternative to a secondary sale we allow the investor to retain access to portfolio upside and typically provide capital upfront while avoiding a discount to NAV.
- Retain future upside
- Financing commitments
- Portfolio re-balancing
Fund Investor
Enable counterparty to accelerate liquidity and finance unfunded obligations
US investor in buyout funds
United States
$312m
Contact us
Fund Investor
Increase investment capacity to continue supporting managers seeded by family office
US family office
United States
$100m
Contact us
Fund Investor
Financing to support an investor’s fund commitments and co-investments
US institutional investor
United States
$185m
Contact us
Fund Investor
Enable LP to rebalance its PE portfolio
US institutional investor
United States
$77m
Contact us
A selection of our transactions
Management Company
Financing to GP team for balance sheet optimisation
US buyout manager
United States
$220m
Management Company
Growth capital for GP to build its platform, seed new strategies and increase commitments
US buyout manager
United States
$80m
Fund Investor
Financing to support an investor's fund commitments and co-investments
US investment manager
United States
$165m
Fund Investor
Financing an LPs increased commitment to new funds
Investor in European buyout funds
Europe
€250m
Fund Investor
Financing for a teams' commitment to their latest private equity fund
Investor in European buyout funds
Europe
€140m
Fund Portfolio
Financing to two PE funds for opportunistic add-ons and growth opportunities
US buyout & growth manager
United States
$75m
Fund Portfolio
Accelerating liquidity for LPs and creating recallable fund capital
European buyout manager
Europe
€300m
Fund Portfolio
Financing to a PE fund for opportunistic add-ons
UK buyout manager
Europe
£125m
Fund Portfolio
Financing for debt buy back at portfolio level and funding growth opportunities
US buyout manager
United States
$100m
Fund Portfolio
Accelerating liquidity for fund LPs
European buyout manager
Europe
€275m
Fund Portfolio
Directly financing separate portfolio companies, with fund-level repayment mechanism
Global buyout & growth manager
Asia
€68m
Fund Portfolio
Financing to a private quity fund to bridge an equity capital increase in portfolio company
European buyout manager
Europe
€100m
Fund Portfolio
Increase capacity for follow-on investments
European buyout manager
Europe
€517m
Fund Portfolio
Financing an LPs increased commitment to new funds
European Fund Portfolio
Europe
€260m
Why partner with us
Efficient process with execution certainty
Flexible, tailored structuring
Consistency of terms
Certainty of execution
Efficient process
No valuation challenges
Do more with NAV finance
Speak with a member of the Investment team
Email our Investment Team
Meet the Investment team
Greg Hardiman
Partner
Greg joined 17Capital in 2019 and previously held roles at Man Group and Conning. Greg studied at Villanova University and Columbia Business School and is a CFA charterholder.
Stephen Quinn
Senior Managing Director, Investments
Stephen joined 17Capital in 2019 from Lloyds Banking Group and has worked with private equity managers for almost 20 years. Stephen studied at the University of Ulster.
Pierre Garnier
Director, Investments
Pierre joined 17Capital in 2018 from Lazard Investment Banking, he previously held positions at Pantheon and AXA Private Equity (Ardian). Pierre studied at the ESSEC Business School & EPF Graduate School of Engineering, Paris as well as at the London School of Economics.
Nicolò Colombo
Managing Director, Investments
Nicolò joined 17Capital in 2015 from Adams Street Partners and was previously at Credit Suisse. Nicolò studied at the Bocconi University, Milan and the London School of Economics.
Owen James
Managing Director, Investments
Owen joined 17Capital in 2015. Owen previously held positions at PWC, Bank of Scotland & SVG Advisers. Owen studied at the University of Durham.
Investment Insights
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Mar 31 2023
Market disruption accelerating growth for alternative financing
Demand for NAV finance is on the up despite an increasingly volatile macro environment, says 17Capital managing director
Read now
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Mar 22 2023
Why 2022 was another record-breaking year for NAV finance
NAV finance has come a long way in just the last few years. 17Capital executives Robert de Corainville and Greg Hardiman explain the dynamics of the market in 2022 and how they suggest explosive growth in the years to come.
Read now
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Feb 02 2023
17Capital promotions 2023
17Capital, the global go-to source of strategic financing for investors in private equity, is pleased to announce a number of promotions across its Investment, Investor Relations, Marketing & Communications, and Finance & Operations teams, following record deployment in 2022 and continued demand for NAV finance.Promotions include Stephen Quinn to Senior Managing Director. Federica Bogoni has been promoted to Vice President. These promotions show our continued growth with $4.1bn committed across 16 investments in 2022.There have also been promotions within our Investor Relations team, Pauline Chatin has been promoted to Head of Investor Relations France, Switzerland & Southern Europe. Isabelle Richards has been promoted to Senior Associate. In 2022, 17Capital raised one of the largest debut credit funds ever raised at €2.6 billion exceeding its initial €1.5 billion target.Within the 17Capital Infrastructure team, Alex Walker has been promoted to Head of Marketing & Communications. Catrin Watts has been promoted to Senior Marketing Associate.Nick Evans, Shamyl Khushal and Andrew Burder have all been promoted to Finance Director. Simon Bowley has been promoted to Technology Director, and Becky Wang has been promoted to Fund Operations Manager.Nadya Feteha has been promoted to Operations Manager and Liliana Quintero has been promoted to Receptionist/Administration Assistant.Pierre Antoine de Selancy, Managing Partner of 17Capital, said: “I would like to congratulate all the team for their hard work and dedication during 2022. These promotions reflect their ongoing contributions to support our continued growth and serving our investors. I would like to wish all the team success in their new roles.”
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