18th November 2024
The NAV finance specialist continues growth with Brookfield, investing $1 billion across its private credit strategies.
NEW YORK and LONDON, Nov. 18, 2024 — 17Capital, a private credit manager specializing in net-asset-value (“NAV”) finance for the private equity industry, today announced that it continues to deliver strong deployment of capital from its strategies, reaching >$3 billion across 16 investments in the past 12 months. With this continued momentum, 17Capital will receive a $1 billion investment in its private credit strategies from Brookfield Credit, Brookfield Asset Management’s private credit investment division.
NAV finance is a financing tool used by many of the largest, most established private equity managers for value creation and portfolio management. 17Capital is a leader in providing NAV finance to the private equity sector, pioneering this market since 2008.
Dane Graham, Partner, Head of North America of 17Capital, said, “We are very pleased to see the continued growth and adoption of NAV financing for a variety of use cases, in line with our market predictions. As one of the only dedicated providers of NAV financing, 17Capital has proudly built the longest track record of execution in this space and we are pleased to be the partner of choice to leading global investment managers like Brookfield.”
Craig Noble, CEO of Brookfield Credit, said, “As one of our strategic credit partners, we view 17Capital’s NAV finance solutions as differentiated, scalable, and highly attractive for Brookfield and our insurance clients, especially with a rated note feeder. We are pleased to support 17Capital, who we consider to be the clear leader of providing NAV finance to the private equity industry.”
About 17Capital
17Capital is a private credit manager specializing in NAV finance for the private equity industry. It specializes in providing non-dilutive capital to high-quality private equity management companies, funds, and institutional investors as part of their toolkit for value creation and portfolio management. 17Capital offers NAV finance across the entire capital structure, providing a broad range of financing options. Investments are structured to support clients’ objectives, while keeping the interests of GPs and LPs aligned. Founded in 2008, 17Capital operates primarily from London and New York and has completed over 100 investments and 50 exits, deploying more than $13 billion since inception. 17Capital has raised $13 billion across six successive funds and mandates.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.
For more information, please visit our website at www.bam.brookfield.com.
About Brookfield Credit
Brookfield Credit manages approximately $305 billion of assets globally, focused on a broad range of private credit investment strategies, including infrastructure and renewable credit, real estate, asset backed, and corporate credit. Return profiles span investment grade, sub-investment grade, and opportunistic. The business combines Brookfield’s substantial credit history with strategic partners, including Oaktree Capital Management, Castlelake, LCM Partners, 17Capital, and Primary Wave Music. As one of the world’s largest and most experienced credit managers globally, Brookfield Credit delivers flexible, specialized capital solutions to borrowers, and attractive risk-adjusted returns to our clients.
17Capital Media Relations:
Prosek Partners (US)
Pro-17Capital@prosek.com
H/Advisors Maitland (UK)
17Capital@h-advisors.global
Brookfield Media Relations:
Rachel Wood
Rachel.wood@brookfield.com
