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Firm News

4th February 2022

17Capital completes c.$1bn in management company financings

To support the strategic objectives of U.S. based managers in 2H 2021

In the second half of 2021, 17Capital partnered with five top-tier, US-based private equity firms to address a range of strategic objectives in relation to franchise growth and ownership transition.
These partnerships represent nearly $1 billion in completed transaction volume and illustrate the growing demand from private equity managers for non-dilutive solutions at the team and management company levels. 17Capital invested with managers across the size and maturity spectrum, from a growing specialist firm with $3 billion AUM to a multi-strategy platform with more than $75 billion AUM.

 

Transaction proceeds spanned a wide range of applications, including augmenting team commitments to a manager’s own funds, seeding new strategies, repurchasing equity in the management company from external investors, and helping the next generation of leadership acquire direct ownership in the manager. In all cases, 17Capital’s investment helped strengthen alignment between the private equity managers and their fund investors.

Stephen Swentzel, Managing Director at 17Capital, said: “We are excited to partner with top-tier private equity managers to support their success, ambition, and growth. Demand for management company finance will continue to increase in 2022 and beyond, we look forward to building and expanding partnerships with leading managers.”

17Capital continues to see wider adoption of portfolio and management company financing among leading private equity managers looking to capitalize on compelling investment opportunities or accelerate liquidity to investors.