About This Fund
17Capital Strategic Lending Fund 6 is a $5.5 billion private credit fund managed by 17Capital, a London-headquartered specialist in NAV finance and preferred equity solutions for the private equity industry. Founded in 2008 and headquartered at Almack House in London, 17Capital has raised more than $19 billion across eight successive funds and mandates since inception, establishing itself as the leading dedicated provider of non-dilutive capital to private equity management companies and their portfolios. Fund 6 is the first vehicle raised by 17Capital since forming its strategic partnership with Oaktree Capital Management, which acquired a majority stake in the firm in March 2022, providing enhanced distribution capabilities and balance sheet support to serve an increasingly institutionalized global LP base.
Fund 6 operates 17Capital's Strategic Lending program, providing flexible, non-dilutive capital to high-quality private equity management companies to fund larger GP commitments, support franchise growth and consolidation, and enable succession planning. The strategy targets management companies — rather than underlying portfolio companies or funds directly — creating a senior-secured, cash-flow-backed loan structure with limited correlation to broader credit markets. The existing portfolio of committed capital is split evenly between the United States and Europe, reflecting 17Capital's long-standing geographic diversification. Fund 6 had already committed $2.5 billion across ten investments at the time of its final close announcement.
Fund 6 announced its final close at approximately $5.5 billion of commitments, including co-investment and affiliated vehicles, on July 22, 2025 — more than doubling the $2.9 billion raised by its predecessor, Fund 5, which closed in July 2021. The investor base includes global pension funds, insurance companies, sovereign wealth funds, prominent family offices, and endowments across North America, Europe, the Middle East, and Asia, reflecting institutional recognition of NAV lending as a mature and distinctive private credit asset class. Fund 6 ranks among the five largest private credit funds closed globally in 2025.