17Capital Closes $7.5bn Credit Fund 2, Setting NAV Loan Record

17Capital closes $7.5bn Credit Fund 2, setting NAV loan record

17Capital has completed the final close of Credit Fund 2 at approximately $7.5bn, including affiliated mandates, marking the largest fundraise for a NAV loan vehicle to date and bringing the firm’s total capital raised across eight funds since 2008 to more than $24bn. Credit Fund 2 targets NAV loans for established private equity funds in the US and Europe, providing capital to support investment expansion, refinance existing debt, and accelerat…

17Capital seals $7.5bn for biggest NAV loan fundraise yet

Private credit investor 17Capital has closed its latest NAV loan fund on $7.5bn, making it the largest vehicle of its type raised to date. The post 17Capital seals $7.5bn for biggest NAV loan fundraise yet appeared first on AltAssets Private Equity News.

17Capital inks $7.5bn for NAV finance fund

17Capital has raised approximately $7.5bn (£5.7bn) for its net asset value (NAV) finance fund at final close, a record raise in the space. The 17Capital Credit Fund 2 is larger than its predecessor, which closed at $2.9bn in April 2022 and was the first dedicated fund for NAV loans, the manager said. According to PitchBook, […] The post 17Capital inks $7.5bn for NAV finance fund appeared first on Alternative Credit Investor.