Investments

Strategic finance for investors in private equity

Liquidity and growth finance

NAV-based portfolio finance enables management companies, funds and institutional investors to optimise their portfolios and achieve the best performance for their investors.

17Capital is the leading provider of NAV-based portfolio finance for private equity investors.

17Capital partners with high quality investors to support their ambition, growth and performance objectives. Delivering an efficient process and certainty of execution, all our transactions are stuctured to align GP and LP interests to achieve a positive outcome for all parties and build long-term relationships, we are investing from our 17Capital Fund 5.

Our offerings

NAV-based non-dilutive source of capital

Accelerate liquidity

Accelerate liquidity

  • Generate cash without selling
  • Hold assets, retain value
  • Optimise performace
Increase capital

Increase capital

  • Increase investment capacity
  • Support portfolio / asset growth
  • Max and retain value creation
Certainty of execution €4bn invested
Consistency of terms 64 transactions
Efficient process (4-6 weeks to funding) 32 exits

Broad range of financing across the capital structure

Flexible financing in the form of preferred equity and NAV loans

Management Company

Our finance can be used as a GP or management company financing tool to finance a range of opportunities including enabling managers to increase their GP commitment, optimize their balance sheet, seed a new strategy or finance succession planning as an alternative to selling a minority equity stake.

Our finance can be provided against the various economics attributable to the management company including GP commitments, carried interest and management fees.

  • Financing GP commitments
  • Non-dilutive growth capital
  • Succession planning

Management Company

Financing GP team for balance sheet optimisation

US buyout manager

United States

$220m

Contact us

Management Company

Growth capital for GP to build its platform, seed new strategies and increase commitments

US buyout manager

United States

$80m

Contact us

Fund Portfolio

We partner with GPs / sponsors to offer flexible and non-dilutive financing solutions to existing funds. Our capital can be used to increase investment capacity to support the existing portfolio, for instance, to finance accretive add-ons or manage indebtedness. We can also accelerate liquidity to investors and help optimise fund performance.

Our finance is typically an alternative to individual company leverage or traditional liquidity events such as IPOs or M&A.

Finance is provided against the net asset value of the underlying portfolio and typically the lender receives the first distributions until a minimum return threshold has been achieved.

  • Additional capital to grow assets
  • Intermediate liquidity to investors
  • Managing portfolio

Fund Portfolio

Financing to two PE funds for opportunistic add-ons and growth opportunities

US buyout & growth manager

United States

$75m

Contact us

Fund Portfolio

Accelerating liqudity for LPs and creating recaliable fund capital

European buyout manager

Europe

€300m 

Contact us

Fund Portfolio

Financing to a PE fund for opportunistic add-ons

UK buyout manager

Europe

£125m

Contact us

Fund Portfolio

Financing for debt buy back at portfolio level and growth opportunities

US buyout manager

United States

$100m

Contact us

Fund Portfolio

Accelerating liquidity for funds LPs

European buyout manager

Europe

€275m

Contact us

Portfolio company

Directly financing seperate porfolio companies with fund-level repayment mechanism

Global buyout & growth manager

Asia

€68m

Contact us

Portfolio company

Financing to a private equity fund to bridge an equity capital increase in portfolio company

European buyout manager

Europe

€100m

Contact us

Investor

We partner with Limited Partners in high quality portfolios who may be seeking early liquidity, looking to fund commitments or rebalance their portfolio. As an alternative to a secondary sale we allow the investor to retain access to portfolio upside and typically provide capital upfront while avoiding a discount to NAV.

  • Retain future upside
  • Financing commitments
  • Portfolio re-balancing

Fund Investor

Financing to support an investor’s fund commitments and co-investments

US investment manager

United States

$165m

Contact us

Fund Investor

Financing for a teams’ commitment to their latest private equity fund

Investor in European buyout funds

Europe

€140m

Contact us

Fund Investor

Financing an LPs increased commitment to new funds

Investor in European buyout funds

Europe

€250m

Contact us

Why partner with us

Effiecient process with execution certainty

Efficient process (4-6 weeks to funding)
Flexible, tailored structuring
Consistency of terms
Consistency of terms
Certainty of execution
Certainty of execution
Efficient process (4-6 weeks to funding)
Efficient process
  • 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
  • Feb 04 2021 Snapshot

    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 of purposes, helping GPs to finance growth or liquidity in their portfolios, as well as the expansion of their own organisations. As private equity’s top players increasingly adopt this form of financing, we expect NAV-based credit to become an invaluable and widely used strategic tool. Read the full article here.

    Read now

Explore how you can increase capital or generate liquidity using portfolio finance

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