About Us

Financing Trends

Image

The next innovation in financing for private equity

Thomas Doyle explains how non-dilutive, highly flexible NAV-based credit can be used for a multitude…

Continue Reading

  • Feb 01 2021 Snapshot

    The next innovation in financing for private equity

    It used to be that a GP and its club of lending banks were inextricably linked. In the halcyon deal making days at the turn of the millennium, if a private equity player wanted to underwrite a new deal, the default option would be to arrange a loan with one or more of its relationship banks.

    Read now
  • Nov 19 2020 Snapshot

    Navigating GP financing

    17Capital partners directly with GP teams to finance their firms growth and expansion. Here we outline some of the considerations for managers looking at financing their firm’s development.

    Read now
  • Oct 15 2020 Snapshot

    NAV based financing – What you need to know

    For the past number of years, there has been a progressive interest in, and execution of, portfolio financing transactions. This started with preferred equity and has now led directly on to NAV-based loan facilities.

    Read now
  • Dec 01 2020 Snapshot

    Strength in numbers

    By investing against multiple underlying assets, portfolio finance can offer an attractive alternative to fund defensive and offensive strategies, says 17Capital managing partner Pierre-Antoine de Selancy.

    Read now
  • May 04 2020 Snapshot

    Portfolio finance: Untapped value?

    Portfolio finance – capital advanced based on the value of a fund’s portfolio has grown rapidly in the years since the global financial crisis. While this trend has strengthened in benign times, it could well be that in today’s more crisis-driven market when demand for capital and liquidity are high, the market really comes into its own.

    Read now
  • Feb 21 2020 Snapshot

    Beyond the investment period

    Growth in fund finance has overwhelmingly stemmed from subscription lines of credit to fund LP commitments during the first five years of a fund’s life. Pierre-Antoine de Selancy of 17Capital discusses what finance is available after the investment period.

    Read now
  • Feb 16 2021 Snapshot

    An introduction to portfolio-based finance

    As part of the BVCA Alternative Fund Strategies Conference Owen James and Pierre Garnier of 17Capital discuss NAV-based portfolio finance, including who uses it and why. They outline the two key products of preferred equity and NAV-based loans, both of which are part of a fast-growing trend towards greater active management of funds and portfolios across the private equity landscape.

    Read now
  • Jan 26 2021 Snapshot

    Portfolio financing trends

    Watch the first 17Capital SNAPSHOT – in three minutes Robert, Stephen and Rich review our 2020 deal flow and outline the investment themes for 2021 including portfolio growth, GP / management company financing and NAV-based loans.

    Read now

Subscribe for more insights from 17Capital

To receive our latest news and insights via email please enter your email address below.