17Capital -Tue, 06/10/2025 - 18:57

NAV Loans Uncovered: Observations From the 17Capital Credit Fund

This paper presents key observations on NAV loans made to private equity funds, gained from our experience deploying the 17Capital Credit Fund over the past five years. It aims to clarify the role of NAV loans and explain how they create value for LPs in private equity funds. Before providing our insights, it’s worth reflecting on the origins of the NAV finance market and 17Capital’s role in its development.

Read the full article, including a foreword from Co-Chairman of Oaktree, Howard Marks.

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Contacts

17Capital

Founded in 2008, 17Capital is a private credit manager specializing in NAV finance for the private equity industry, operating primarily from London and New York.

17Capital specializes in providing non-dilutive capital to high-quality private equity management companies, funds and institutional investors as part of a toolkit for value creation and portfolio management.

17Capital offers NAV finance across the entire capital structure, providing a broad range of financing options. Investments are structured to support clients’ objectives, while keeping the interests of GPs and LPs aligned.

As of 30 June 2025, 17Capital has completed over 119 investments and 55 exits, deploying more than $16 billion since inception. 17Capital has raised over $19 billion across eight NAV Finance funds and mandates.

Tyler Dziama,
Director, Investor Relations
Dziama@17capital.com

One Vanderbilt Ave
Suite 5400
New York, NY 10017

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