17Capital Secures $1B from Brookfield for NAV Private Credit Funds

17Capital secured a $1 billion investment from Brookfield Credit, the private credit investment arm of Brookfield Asset Management, after experiencing significant growth in its net asset value (NAV) financing operations.

17Capital also announced that it has deployed more than $3 billion across 16 investments over the past 12 months, reflecting the increasing demand for NAV funding.

Craig Noble, CEO of Brookfield Credit, underscored the strategic significance of the transaction, stating that 17Capital’s solutions are “differentiated, scalable, and highly attractive” for Brookfield and its insurance clients. The investment has a rated note feeder structure, introducing an additional degree of complexity to the partnership.

NAV finance is a financial instrument employed by numerous prominent and well-established private equity firms for value enhancement and portfolio management. 17Capital is a frontrunner in offering NAV financing to the private equity sector, having pioneered the market since 2008.

17Capital has completed over 100 investments and 50 exits, with total deployments exceeding $13 billion since inception. The firm specializes in providing non-dilutive capital to private equity management companies, funds, and institutional investors. The firm has been majority-owned by Oaktree Capital Management since 2022.