Hunter Point considers NAV platform

Two former 17Capital managing directors are said to be in the running to launch a potential NAV lending business at investment firm Hunter Point Capital.

Investment firm Hunter Point Capital is considering launching a NAV lending platform, with two former managing directors from 17Capital in the running to launch the business.

Richard Golaszewski and Stephen Swentzel are among those the firm are considering to head up a platform launch. New York city-based Hunter Point makes minority investments in alternative asset managers across private equity, credit, real estate and infrastructure in North America, Europe and Asia. Both Golaszewski and Swentzel’s LinkedIn profiles still show 17Capital as their employer.

Golaszewski and Swentzel left 17Capital last year, Private Funds CFO reported last June.

The NAV lending market has seen continued growth, as more and more funds look to battle adverse market conditions with strategic late-stage acquisitions and bolt-ons, among other uses. 17Capital, which counts preferred equity among its NAV products, recently said that 2022 was a record year for its business, and the firm promoted 13 employees.

Hunter Point declined to comment. Golaszewski and Swentzel did not respond to requests for comment by publication time.

Correction: This article previously stated that Golaszewski and Swentzel had come to hiring agreements with Hunter Point. Private Funds CFO now understands that the two are among a handful of candidates Hunter Point is considering, should they launch a NAV platform.