Investments

Strategic finance for investors in private equity

17Capital partners with high quality private equity investors to support their ambition, growth, and performance objectives. NAV finance has flexible solutions, whether investing for portfolio growth, improving fund performance, or increasing commitments to new funds.

We build long term partnerships with management companies, funds and institutional investors, providing flexible, tailored structuring with certainty of execution and strong alignment of GP and LP interests.

As the leading provider of NAV finance, we are currently investing from our $2.9 billion 17Capital Fund 5 and our €2.6 billion Credit Fund.

One strategy, two differentiated products

We listen to our clients' objectives and structure the most effective transaction in the form of NAV loans or preferred equity to help them achieve their goals.

NAV loans

$4.7bn deployed

18 investments

Preferred equity

$8.4bn deployed

86 investments

Learn more about NAV financing

A portfolio management tool

Accelerate liquidity

Increase capital

  • Increase investment capacity
  • Support portfolio / asset growth
  • Max and retain value creation
Increase capital

Accelerate liquidity

  • Generate cash without selling
  • Hold assets, retain value
  • Optimise performance

Broad range of financing across the capital structure

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

Fund further investments across the portfolio and make a distribution to LPs

European buyout manager

Europe

€940m

Contact us

Fund Portfolio

Increase in investment capacity to fund further investments

US buyout manager

United States

$330m 

Contact us

Fund Portfolio

Fund further investments

European buyout manager

Europe

$400m

Contact us

Fund Portfolio

Increasing GP investment capacity for new and follow-on investments 

European buyout manager

Europe

€360m

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Fund Portfolio

Accelerate liquidity to investors and create recallable capacity for follow-on investments

European buyout manager

Europe

€400m

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Portfolio company

Directly financing separate portfolio companies with fund-level repayment mechanism

Global buyout & growth manager

Asia

€68m

Contact us

Fund portfolio

Accelerate liquidity to investors

European buyout manager

Europe

€1,100m

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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

Augment GP commitment to latest fund

European buyout manager

Europe

€325m

Contact us

Management Company

Finance strategic M&A at the management company level

US buyout manager

United States

$50m

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Management Company

Augment GP commitment to latest fund

European buyout manager

Europe

$111m

Contact us

Management Company

Generate investment capacity for firmwide strategic initiatives

US buyout manager

United States

$500m

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Management Company

Augment GP commitments to a continuation fund

US buyout manager

United States

$48m

Contact us

Management Company

Financing to GP team for balance sheet optimisation

US buyout manager

United States

$220m

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

Enable counterparty to accelerate liquidity and finance unfunded obligations

US investor in buyout funds

United States

$312m

Contact us

Fund Investor

Increase investment capacity to continue supporting managers seeded by family office

US family office

United States

$100m

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Fund Investor

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

US institutional investor

United States

$185m

Contact us

Fund Investor

Enable LP to rebalance its PE portfolio

US institutional investor

United States

$77m

Contact us

Why partner with us

Efficient 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
Certainty of execution
No valuation challenges

Do more with NAV finance

Speak with a member of the Investment team

Email our Investment Team