Strategic finance for investors in private equity

Helping high-quality private equity management companies, funds and institutional investors as part of their toolkit for value creation and portfolio management.

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NAV Lending

The emerging opportunity for private debt investors

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What is portfolio financing

and how is it used?

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17Capital completes €500m credit investment

17Capital has provided a €500m secured loan to a fund managed by a leading pan- European private equity fund manager, to allow them to pursue follow-on acquisitions across its portfolio.

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17Capital provides NAV loan of €500m+ to leading European private equity firm

17Capital has provided a loan of €500m+ to a top-tier, mid-market private equity firm with a longstanding and successful track record in European buyouts. The capital has allowed the manager to increase capacity for follow-on investments across its fund’s portfolio.

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Pioneered the use of portfolio financing…

We pioneered the use of portfolio financing in the private equity industry. Since 2008 and over 70 investments we have helped high quality private equity management companies, funds and institutional investors as part of their toolkit for value creation and portfolio management.

Talk to us and find out how we can help you reach new heights.

Growth capital

17Capital provides growth capital and liquidity to private equity management companies, funds and institutional investors

The story of 17Capital

Firm News

17Capital, the global go-to source of strategic portfolio finance for investors in private equity, today announced that it has completed 15 NAV financing deals, representing approximately $2.8bn, across 2021. This record year builds on the ten transactions, worth approximately $1.5bn, completed in 2020. Counterparties in this year’s transactions were top-tier private equity managers across Europe, North America and Asia. 80% were among the top 100 global private equity managers by size, and two transactions were closed with top ten managers. Over 60% of deal volume was conducted with repeat clients, highlighting 17Capital’s focus on forming long-term partnerships. 17Capital saw accelerating demand for its products in 2021, reviewing deals worth $25bn since the beginning of the year, compared to $19bn of deal-flow in 2020. This strong level of demand has been driven by a greater adoption from GPs and LPs of the benefits of non-dilutive, strategic NAV financing. NAV financing has emerged as an accepted and important financial tool by private equity sponsors. The firm received particular interest from GPs in securing additional capital to support strategic expansion through new products and geographies, as well as for portfolio add-ons to fund growth. The firm also saw increasing demand for management company financing to support initiatives such as increased GP commitments and ownership transition. This year, 17Capital also announced it had raised $4.5bn for its NAV finance offering. The fundraise, one of the largest ever pools of capital raised for NAV finance, included $2.9 billion for 17Capital Fund 5, which closed at its hard cap in July, as well as investments through separately managed accounts and capital raised for co-investment opportunities. The firm invests across the capital structure via its preferred equity and NAV-based credit offerings, providing bespoke financing according to each counterparty’s particular needs. Pierre-Antoine de Selancy, Managing Partner at 17Capital, said: “We are delighted to have worked with so many top-tier private equity managers, including counterparties with whom we had previously transacted, on the 15 deals closed this year. We are also humbled by the level of support we have received from investors, allowing us to raise the largest ever pool of capital in this space and accelerate our deployment of strategic financing to the world’s leading GPs. It is encouraging to witness the increasing demand for, and adoption of, strategic NAV finance year-on-year, a trend we expect to continue.”  

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Stay Updated

  • Jan 13 2022 Snapshot

    NAV Lending

    Watch the latest 17Capital SNAPSHOT – in three minutes Robert, Rich and Mike cover the topic of NAV lending, looking at its increased adoption and using recent transaction examples explain how, why and when successful private equity managers use it to optimise their portfolios and create additional value. Click the video above to watch.

    Read now
  • Dec 09 2021 Snapshot

    17Capital closes 15 NAV financing deals worth approximately ca.$2.8bn in 2021

    17Capital, the global go-to source of strategic portfolio finance for investors in private equity, today announced that it has completed 15 NAV financing deals, representing approximately $2.8bn, across 2021. This record year builds on the ten transactions, worth approximately $1.5bn, completed in 2020. Counterparties in this year’s transactions were top-tier private equity managers across Europe, North America and Asia. 80% were among the top 100 global private equity managers by size, and two transactions were closed with top ten managers. Over 60% of deal volume was conducted with repeat clients, highlighting 17Capital’s focus on forming long-term partnerships. 17Capital saw accelerating demand for its products in 2021, reviewing deals worth $25bn since the beginning of the year, compared to $19bn of deal-flow in 2020. This strong level of demand has been driven by a greater adoption from GPs and LPs of the benefits of non-dilutive, strategic NAV financing. NAV financing has emerged as an accepted and important financial tool by private equity sponsors. The firm received particular interest from GPs in securing additional capital to support strategic expansion through new products and geographies, as well as for portfolio add-ons to fund growth. The firm also saw increasing demand for management company financing to support initiatives such as increased GP commitments and ownership transition. This year, 17Capital also announced it had raised $4.5bn for its NAV finance offering. The fundraise, one of the largest ever pools of capital raised for NAV finance, included $2.9 billion for 17Capital Fund 5, which closed at its hard cap in July, as well as investments through separately managed accounts and capital raised for co-investment opportunities. The firm invests across the capital structure via its preferred equity and NAV-based credit offerings, providing bespoke financing according to each counterparty’s particular needs. Pierre-Antoine de Selancy, Managing Partner at 17Capital, said: “We are delighted to have worked with so many top-tier private equity managers, including counterparties with whom we had previously transacted, on the 15 deals closed this year. We are also humbled by the level of support we have received from investors, allowing us to raise the largest ever pool of capital in this space and accelerate our deployment of strategic financing to the world’s leading GPs. It is encouraging to witness the increasing demand for, and adoption of, strategic NAV finance year-on-year, a trend we expect to continue.”  

    Read now
  • Dec 07 2021 Snapshot

    Pierre-Antoine de Selancy featured in Financial News’ ‘50 Most Influential in Private Equity 2021’

    We are delighted that Pierre-Antoine de Selancy, Managing Partner at 17Capital, has been included in the Financial News’ 2021 list of the ‘50 Most Influential in Private Equity’. Nominees for the list were selected by Financial News’ editorial team for their influence over their business area, leadership within their sector, performance over the past year, and their capacity to shape their business and the industry over the year ahead. The article highlights Pierre-Antoine’s achievements in helping 17Capital grow into one of the private equity industry’s go-to partners for portfolio financing. Find out more here in Financial News and here in Private Equity News.

    Read now

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