17Capital, the global go-to source of financing for investors in private equity, is pleased to announce a number of senior promotions amid another year of growth and record demand for its products. Promotions include Robert de Corainville to Managing Partner; David Wilson and Stephen Quinn to Co-Heads of Credit; Emad Shahin to General Counsel; and Stephen Swentzel, Richard Golaszewski and Owen James to Managing Director.
Robert joined 17Capital in 2010 and was made Partner in 2014, having previously worked at Merrill Lynch and Lloyds Banking Group. He relocated from London to set up the firm’s New York office in late 2016 and has been instrumental in leading activity in the region, particularly in the growing area of financing provided at the private equity management company level to fund firm growth or succession. 17Capital’s US deal flow has increased eight-fold since the office opened. In 2020 alone, the team sourced more than $8bn of deal flow.
David Wilson and Stephen Quinn will Co-Head 17Capital’s NAV-based credit offering and will join the firm’s Investment Committee. They bring 26 and 21 years’ respective financial services experience and will manage the accelerating demand for the firm’s credit product. David previously held senior roles in J.P. Morgan’s Fund Financing team and at Lehman Brothers. Stephen’s experience spans senior leadership roles in leverage finance, corporate restructuring and fund finance. Prior to joining 17Capital, Stephen was Global Head of Financial Sponsors at Lloyds Banking Group.
As General Counsel, Emad Shahin, previously Head of Legal for Investments, takes overall responsibility for all legal matters across the firm while still overseeing execution across all investments. Emad joined 17Capital in 2019, having previously held senior roles at J.P. Morgan and Nomura. He has worked on almost every transaction since joining, including 17Capital’s first NAV-based credit transaction, in which the firm partnered with a top-tier pan-European manager.
Stephen Swentzel, Richard Golaszewski and Owen James have been appointed Managing Director following their significant contribution to 17Capital’s rapid growth in recent years. 17Capital has also made a number of other promotions, which reflect the team’s strength. These include Nicolo Colombo to Investment Director and Cristian Vasquez to Fund Controller in the finance team.
Senior Advisors Dee Dee Sklar and Beverly Berman have joined 17Capital’s Supervisory Board to assist with advising on firm-level decisions such as new strategy launches or key hires. 17Capital has one of the few majority female boards in the private capital industry.
Pierre-Antoine de Selancy, Managing Partner at 17Capital, said:
“As the market for portfolio financing continues to grow at pace, we are pleased to be able to continue to develop our team to meet the growing demand for our products. These promotions are a testament to the quality and breadth of our team across our London and New York offices, and I congratulate all of them on their achievements.
Following a record year of deal activity in 2020, the enhancement and institutionalisation of our firm – through promotions, new hires and the expansion of our Supervisory Board – is important to ensure we are best positioned to continue to capitalise on the accelerating trend for preferred equity and NAV-based credit as vital value creation tools within the private equity industry.”