Brookfield Credit, the $305bn private credit investment division of $1tn-plus global alternative asset manager Brookfield Asset Management, is to make a $1bn investment in 17Capital’s net-asset-value private credit strategies.
The moves comes after 17Capital announced it had deployed over $4b across 16 investment in the past 12 months.
NAV finance is a financing tool used by many large private equity managers for value creation and portfolio management. 17Capital is a specialist in providing NAV finance to the private equity sector, and has been active in the market since 2008.
Craig Noble, CEO of Brookfield Credit, said, “As one of our strategic credit partners, we view 17Capital’s NAV finance solutions as differentiated, scalable, and highly attractive for Brookfield and our insurance clients, especially with a rated note feeder.”
