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28th January 2019

17Capital closes €275 million investment

17Capital closes €275 million investment 

  • €275 million preferred equity investment
  • Leading European private equity firm
  • Investment enabled early distribution to investors while retaining high-quality assets

17Capital is pleased to announce the completion of its latest investment – a €275 million preferred equity investment across the remaining assets of a 2007 vintage portfolio, managed by a leading European buyout firm.

The investment has allowed the manager to achieve a partial exit for its investors, whilst still retaining control and the future upside of the assets in its portfolio.

17Capital has completed 20 similar investments with investors in private equity funds, enabling them to optimise portfolio management and accelerate liquidity on maturing investments. Buyout firms are increasingly exploring these types of transaction as the market develops.

Preferred equity is a passive form of capital; investments are only repayable through future distributions from the remaining portfolio, if and when they arise, making them an efficient alternative to recapitalising portfolio assets on an individual basis.

17Capital has pioneered the market for financing successful investors in private equity, raising €2.0 billion in four successive funds. With over 45 transactions executed and over €1.8 billion invested, the team of 35 professionals based in London and New York focuses on investment opportunities in Europe and North America ranging between $10 million and $500 million.