Kirkland & Ellis advised 17Capital, a private credit manager specializing in NAV finance for the private equity industry, on the final closing of 17Capital Credit Fund 2 at approximately $7.5 billion, including affiliated mandates (Credit Fund 2). Credit Fund 2 provides NAV loans to well-established private equity funds across the U.S. and Europe, supporting funds seeking additional capital to expand investment capacity, refinance existing debt and accelerate distributions to investors.
The Kirkland team included investment funds lawyers Anand Damodaran, Andy Shore, Edward Prestwich and Kristin Hanshaw; structured capital & insurance solutions lawyer Kate Luarasi; investment funds regulatory lawyer Dan Kahl; tax lawyers Alexander Cox, Mike Carew, Loviisa Langdon and Brandon Short; financial services regulatory lawyer Daniel Fallon; and debt finance lawyer Chirag Domadia.
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