Preferred Equity

Morningside, LSV back special sits pref deal

Europe-focused Springwater will invest the funds in opportunities brought about by market dislocation.

17Capital loses two New York MDs

The departures come soon after the fund finance specialist was acquired by Oaktree and following the close of its debut NAV lending fund on €2.6bn.

17Capital promotes three to partner

The preferred equity and NAV lending specialist agreed to be acquired by Oaktree in March and closed its debut fund dedicated to NAV-backed lending in April.

What 17Capital’s credit raise says about the NAV financing opportunity

The firm, which raised €2.6bn this week for its debut lending fund, is agnostic about whether it’s viewed via a preferred equity or credit lens.

Ex-17Capital’s Doyle resurfaces to launch NAV financing strategy

Thomas Doyle has joined Pemberton to help the private lender tap into demand for late-cycle lending among the private equity fund community.

Whitehorse could raise as much as $6bn for latest vehicle

A hard-cap close on Fund V would push the preferred equity specialist up to $14bn in AUM just seven years after being founded.

Oaktree acquires majority of 17Capital in pref equity and debt play

Oaktree’s parent company, Brookfield, has opened another front in its expansion strategy, having entered the real estate and infrastructure secondaries markets beginning in 2020.

17Capital on funding a growing market

NAV finance has expanded substantially in the last few years, says 17Capital’s Augustin Duhamel in this sponsored Q&A.