17Capital has continued its recent expansion with the hire of former CVC Credit Partners director Anthony McKay as finance director in the fund’s London office.
The move follows a period of growth for the preferred equity investor, which now has more than $2 billion invested in Europe and North America and a team of 38 professionals between London and New York.
McKay will become the ninth member of 17Capital’s finance function. Other recent hires include Christopher Martin, who joined as senior fund accountant in March, and Madison Cahill-Smith, appointed as an assistant management accountant in May.
At CVC, McKay served as head of funds finance, overseeing direct lending. He began his career with PwC and spent 12 years in London, Boston and Durban.
Partner Thomas Doyle said: “We are committed to providing a world class infrastructure to our investors and clients. Anthony will be an excellent addition to our team and we all look forward to working with him.”
McKay’s move to 17Capital follows other senior hires: Stephen Quinn as managing director, David Wilson as managing director, Emad Shahin as investments – head of legal, Brian Sun as associate and Jonathan Goldberg as investment director.
17Capital was an early mover in providing preferred equity investment in portfolios of private equity investments. The firm says it provides finance of between $20 million and $500 million to private equity funds.
The firm expects to make further hires in the coming months, a spokeswoman told Private Funds CFO.