Feb 04 2021
The next innovation in financing for private equity
Thomas Doyle explains how non-dilutive, highly flexible NAV-based credit can be used for a multitude…
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Read nowFeb 01 2021
The next innovation in financing for private equity
It used to be that a GP and its club of lending banks were inextricably linked. In the halcyon deal making days at the turn of the millennium, if a private equity player wanted to underwrite a new deal, the default option would be to arrange a loan with one or more of its relationship banks.
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Read nowNov 19 2020
Navigating GP financing
17Capital partners directly with GP teams to finance their firms growth and expansion. Here we outline some of the considerations for managers looking at financing their firm’s development.
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Read nowOct 15 2020
NAV based financing – What you need to know
For the past number of years, there has been a progressive interest in, and execution of, portfolio financing transactions. This started with preferred equity and has now led directly on to NAV-based loan facilities.
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Read nowFeb 04 2023
Portfolio finance: Untapped value?
Portfolio finance – capital advanced based on the value of a fund’s portfolio has grown rapidly in the years since the global financial crisis. While this trend has strengthened in benign times, it could well be that in today’s more crisis-driven market when demand for capital and liquidity are high, the market really comes into its own.
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Read nowFeb 21 2020
Beyond the investment period
Growth in fund finance has overwhelmingly stemmed from subscription lines of credit to fund LP commitments during the first five years of a fund’s life. Pierre-Antoine de Selancy of 17Capital discusses what finance is available after the investment period.
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Read nowJan 10 2020
Preferred equity: A flexible form of leverage
Adapting the balance sheet of the investor to the various risk profiles of the underlying assets makes a lot of sense, says Pierre-Antoine de Selancy, Managing Partner of 17Capital.
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Read nowFeb 16 2021
An introduction to portfolio-based finance
As part of the BVCA Alternative Fund Strategies Conference Owen James and Pierre Garnier of 17Capital discuss NAV-based portfolio finance, including who uses it and why. They outline the two key products of preferred equity and NAV-based loans, both of which are part of a fast-growing trend towards greater active management of funds and portfolios across the private equity landscape.
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Read nowJan 26 2021
Portfolio financing trends
Watch the first 17Capital SNAPSHOT – in three minutes Robert, Stephen and Rich review our 2020 deal flow and outline the investment themes for 2021 including portfolio growth, GP / management company financing and NAV-based loans.
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Read nowJul 02 2019
PODCAST: Everything you wanted to know about preferred equity
Listen to our Managing Partner Augustin Duhamel and Adam Lee the News Editor for PEI Media’s private equity publications in a 26 minute Podcast: Everything you wanted to know about preferred equity.