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17Capital promotes three, looks to bright future for NAV market

17Capital appoints three partners; What 17Capital’s credit raise says about the NAV financing opportunity

Fund finance: 17Capital promoted three of its ranks to partner, following its record-breaking close for a debut private credit fund, at $2.9 billion. The firm sees the NAV financing (preferred equity and NAV loans) market growing to some $700 billion.

Email prepared by Graham Bippart