17Capital names new investments managing director

The former RBC managing director joins as the fund finance firm has seen record demand for NAV financing.

Fund finance firm 17Capital has hired Dane Graham as managing director of investments as the firm continues to see growing demand for NAV financing.

In this role, Graham will support the sourcing, underwriting and execution of strategic financing transactions in the form of preferred equity and NAV lending, and help grow the firm’s investment capital base.

He will be based in 17Capital’s New York office and report to managing partner Robert de Corainville, who has led the office since its opening in 2016.

The firm would not comment on whether Graham replaces either Richard Golaszewski or Stephen Swentzel, who left the firm in June. A spokesperson for the firm said Graham was hired “in response to record demand for NAV Finance” and that the firm regularly seeks opportunities to add talent and grow its investment team across markets.

Graham joins from RBC Capital Markets, where he spent the last four years as managing director within the financial institutions group. Prior to that, he spent 13 years at Citigroup, most recently as a managing director in the financial institutions group.

Discussing Graham’s hiring, de Corainville said he will be a key senior member of the investments team and will help the firm continue to grow its relationships with top GPs and LPs.

The firm would not say whether additional hires are expected.

Graham’s hiring is the latest one for 17Capital. The firm recently appointed Drew Fox as the head of investor relations in North America, and Claire Hedley as ESG director.

Earlier this year, 17Capital closed its first NAV lending fund at €2.6 billion of capital.