Dedicated NAV finance provider 17Capital has held the final close of 17Capital Strategic Lending Fund 6, with approximately $5.5bn of commitments, including co-investment and affiliated vehicles.
Fund 6 attracted a global, blue-chip investor base comprising pension funds, insurance companies, sovereign wealth funds, prominent family offices, and endowments across North America, Europe, the Middle East, and Asia.
The Fund follows its predecessor, 17Capital Fund 5, which closed at $2.9bn in July 2021, and is one of the five largest private credit funds closed so far in 2025. It marks the first fund raised by 17Capital since forming its strategic partnership with global credit specialist Oaktree.
Fund 6 has already committed $2.5bn across ten investments, split evenly between the US and Europe. It is the latest vehicle for 17Capital’s Strategic Lending program, which provides non-dilutive, flexible capital solutions to management companies (GPs) to fund larger GP commitments, franchise growth and consolidation, and support succession plans.
In addition to Strategic Lending, 17Capital also manages a dedicated credit programme focused on providing NAV loans to private equity buyout funds.
Since launching its inaugural Credit Fund in 2020, which closed at €2.6bn, the firm has deployed $6.7bn in NAV loans through its programme.
The firm has now raised $19 billion since its inception.
