17Capital Fund II holds final close on €208m

Its predecessor fund closed on €88m in September 2010.

Investors
To raise the fund, 17Capital drew on commitments from new and existing investors, including Allianz Group, the Caisse des Depots et Consignations, CNP and BNP Paribas Private Equity. New investors include insurers, pension funds and family offices from both Europe and the US.

Investments
17Capital Fund II will be following the same strategy as the firm's first fund and provide preferred equity for owners and buyers of private equity portfolios. 17Capital is looking to complete 4-5 investments per year.

The fund already completed its first investment and provided refinancing to an SVG feeder fund, enabling SVG to repay lenders.

People
Pierre-Antoine de Selancy, managing partner, manages the fund for 17Capital. 

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