17Capital announced that it has hired Alejandro Hernandez as its first-ever head of investor relations for Canada and Latin America. Hernandez’s background includes more than 20 years working for two prominent Canadian pension systems.
The NAV finance specialist joins from Alberta Investment Management Corporation, where he spent eight years as a public equities portfolio manager. At AIMCo, Hernandez was involved in the development of an external manager partnership process and in its non-traditional hedge fund strategy investments.
Hernandez was previously with the Ontario Teachers’ Pension Plan, where he held various positions over 12 years, ending as an assistant portfolio manager involved with external managers. While Hernandez was with OTPP, the pension system made its inaugural direct investment in Colombia and brought its external managers program to Brazil and China.
Hernandez will be based in Edmonton, Canada. The specialist hired Hernandez as it aims to enhance service in both markets.
“Canada has long been an important market for 17Capital,” said Pierre-Antoine de Selancy, a 17Capital managing partner, in a statement. “Alejandro’s permanent presence and experience there will be vital to attend to the needs of our existing investors and prospects, while Latin America is a relatively underserved market which we believe can benefit from our products.”
Hernandez joins 17Capital as it handles a growing market for NAV finance, which includes both NAV loans and preferred equity. In a recently released report, the specialist says that NAV finance volume increased by more than 40 percent from 2021-2022 based on opportunities it explored.
The firm also had a record deployment last year of $4.1 billion that was spread across 16 investments.