17Capital on its $5.5bn fundraise: NAV lending growing with ‘adoption from the big names’

NAV loans are generally helping performing buyout funds, rather than those struggling with distributions, says partner Dane Graham.

17Capital, the global net asset value lender with $13.4 billion in assets under management, announced at the end of July that it had completed a $5.5 billion fundraise on the sixth vintage of its strategic lending program.

Strategic Lending Fund 6, as it is formally known, provides non-dilutive, flexible capital to management companies to fund larger GP commitments to funds, franchise growth and consolidation and to support succession plans.