17Capital has announced the final close of its 17Capital Strategic Lending Fund 6 with approximately $5.5bn (£4.1bn) of commitments, including co-investment and affiliated vehicles.
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 this year.
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The firm has now raised $19bn since its inception, it said today.
Fund 6 has attracted a global investor base comprising pension funds, insurance companies, sovereign wealth funds, prominent family offices and endowments across North America, Europe, the Middle East and Asia.
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It has already committed $2.5bn across ten investments in the US and Europe.
“Reaching the hard cap for Strategic Lending Fund 6 is a significant milestone for 17Capital in our 17th year,” said Pierre-Antoine de Selancy, managing partner at 17Capital.
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