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. The financing is the largest made by 17Capital to date across its preferred equity and credit businesses.
The investment cements a strong pre-existing relationship between 17Capital and the private equity firm.
The new loan is secured against the businesses in the fund’s portfolio and will be used to finance bolt-on acquisitions by portfolio companies, as well as for more general capital expenditure purposes.
17Capital continues to see strong demand for portfolio financing across its credit and preferred equity products, whether from firms looking to take advantage of compelling investment opportunities or to return capital to investors.