17Capital

17Capital is a global finance firm headquartered in London, UK, that specializes in providing NAV-based financing and preferred equity solutions to the private equity industry. Acting as a strategic capital partner, 17Capital offers non-dilutive funding to private equity fund managers (GPs), funds, and institutional investors, enabling them to unlock liquidity or fuel growth without having to sell underlying portfolio assets.

Founded in 2008, 17Capital has pioneered the NAV finance market and by 2024 manages roughly $11 billion in assets across several dedicated funds. The firm has completed over 100 financing transactions and deployed more than $15 billion in capital since inception, supporting initiatives such as fund expansions, portfolio acquisitions, refinancings, and liquidity programs. 17Capital’s financing can take the form of preferred equity, secured loans, or other tailored structures across the capital stack, all designed to align with the long-term interests of both general partners and limited partners.

Though boutique in focus, 17Capital has a growing team of around 60 professionals and maintains offices in London and New York to serve its global client base. In 2022, a majority stake in 17Capital was acquired by Oaktree Capital Management, enhancing 17Capital’s reach and resources while it continues to operate independently. With its singular focus on NAV financing and deep expertise in private equity portfolios, 17Capital has established itself as the go-to provider of portfolio financing in the private equity market, offering investors “capital on demand” to maximize value creation.