Loading organizations...
Key people at 17Capital.
17Capital is a private credit manager specializing in Net Asset Value (NAV) financing for the private equity industry, based in London, United Kingdom. The firm provides non-dilutive capital, including NAV loans and preferred equity, to private equity management companies, buyout funds, and institutional investors seeking liquidity or portfolio growth. Operating with approximately 60 employees, the firm has completed more than 110 transactions and raised $20 billion in total funds across its platforms since inception. This capital pool includes a $2.9 billion inaugural credit fund that closed in 2022 to expand its strategic lending capabilities. Alternative investment giant Oaktree Capital Management acquired a majority stake in the firm to further scale its global asset management operations. 17Capital was founded in 2008 by Pierre-Antoine de Selancy and Augustin Duhamel.
Key people at 17Capital.
17Capital is a London-headquartered private credit manager founded in 2008, specializing in NAV (Net Asset Value) finance for the private equity buyout industry. It provides non-dilutive capital solutions, such as NAV-based loans and preferred equity, to private equity management companies, buyout funds, and institutional investors, enabling them to unlock liquidity while preserving ownership and long-term value.[1][2][4][5]
The firm's mission is to shape the NAV finance market by offering two key products: flexible financing for management companies and investors, and conservative NAV loans at low loan-to-value (LTV) ratios for buyout funds. Having raised $20 billion across seven funds (with earlier figures citing over $15 billion across six), 17Capital launched the first dedicated NAV lending fund in 2022, closing at €2.6 billion. Its acquisition by Oaktree Capital Management (itself majority-owned by Brookfield Asset Management since 2019) has bolstered its position, while it operates independently.[1][2][3]
17Capital was founded in 2008 in London to offer private equity investors an alternative way to monetize portfolios, addressing traditional limitations in liquidity options.[2][5] It pioneered NAV finance by launching the first fund exclusively for NAV-based loans to private equity buyout funds, which closed successfully in 2022 at its €2.6 billion hard cap.[1][2]
Key evolution includes rapid scaling: by recent counts, it has raised $20 billion across seven funds.[1] A pivotal moment came with Oaktree's acquisition of a majority interest, enhancing its network in the private equity sponsor community without altering its independent operations.[1][3] This partnership leverages Oaktree's strengths while 17Capital maintains distinct teams for investment, marketing, and support.[1]
While not directly a tech firm, 17Capital plays a crucial role in the tech-enabled private equity ecosystem by fueling liquidity for buyout funds often targeting high-growth tech and software startups. It rides the NAV finance trend, which has surged due to volatile markets, rising interest rates, and LP demand for structured liquidity without crystallizing losses—demonstrating value even in downturns.[3]
Timing aligns with private equity's maturation: as dry powder hits records and exits slow, NAV loans (projected to a $700 billion market) enable portfolio optimization.[3] Market forces like increasing adoption by new entrants and GPs favor 17Capital, influencing the ecosystem by unlocking capital for reinvestment into tech innovation, secondaries, and growth-stage deals.[1][3]
17Capital is poised for continued dominance in NAV finance, with recent funds closing strong (e.g., one in Jul 2025 per records) and Oaktree's backing enabling scale amid a market potentially hitting $700 billion.[1][3] Trends like LP buy-in for structured solutions, macro volatility favoring non-dilutive capital, and private equity's tech-heavy portfolios will shape its path, potentially expanding into adjacent areas like preferred equity.[3]
Its influence may evolve by deepening tech sector penetration—supporting AI, SaaS, and fintech buyouts—while maintaining independence. As the NAV pioneer, 17Capital remains the go-to for private equity's liquidity needs in an ownership-preserving era.[1][2]
