17Capital has completed a €260m preferred equity investment with a leading continental European mid-market private equity player, allowing this manager to pursue a number of new platform transactions with 17Capital’s investment.
This transaction represents a continuation of a successful existing partnership between 17Capital and this private equity firm, which has assets under management of approximately €4 billion.
For 17Capital, this transaction has all the attributes we typically seek – we are backing a top-tier manager with a resilient and diversified portfolio. The GP is also particularly focused on ensuring ESG factors play a central role in its investments.
We continue to experience high demand for portfolio financing, as managers and investors alike seek capital to boost liquidity or to take advantage of compelling investment opportunities.