Oaktree’s 17Capital Attracts $7.5 Billion for NAV Loan Fund

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March 31, 2026 at 7:04 AM UTC

Oaktree Capital Management-backed 17Capital LLP raised about $7.5 billion for its latest net-asset-value loan fund.

The vehicle, 17Capital Credit Fund 2, represents the largest-ever NAV-loan fundraise, the firm said in a statement, citing Pitchbook. It will provide financing to private equity firms looking to borrow against the overall value of their portfolios, rather than individual companies.