Key Takeaways
- • 17Capital is targeting $3.5 billion for its latest preferred equity fund, Strategic Lending Fund 6, according to Secondaries Investor reporting.
- • The target sits above the $2.9 billion the firm's predecessor vehicle closed on in June 2021, per Secondaries Investor data.
- • The strategy provides priority-return preferred equity to private equity buyout funds and their investors, positioning 17Capital as a provider of fund-level and NAV-style leverage.
- • The fundraise was reported by Secondaries Investor on 18 March 2025, and the fund's target has not been independently confirmed in the sources reviewed.
Summary
According to Secondaries Investor, 17Capital is seeking $3.5 billion for its latest preferred equity vehicle, Strategic Lending Fund 6. The firm's predecessor vehicle closed on $2.9 billion in June 2021, according to Secondaries Investor data, so the new target represents an increase of roughly 21% over that prior raise. The publication's reporting, first published on 18 March 2025, places the fundraise in the context of the firm's series of preferred equity funds.
17Capital describes its approach as providing liquidity solutions to private equity investors through preferred, or priority return, investments in mature private equity portfolios. The firm says it recognized growing demand for fund-level financing among private equity buyout funds, which typically required lower advance rates than traditional structures could offer. Its pitch to investors centers on the claim that its preferred equity strategy has delivered mid-teen IRRs with an average payback of under four years.
The article is available to registered readers of Secondaries Investor, which covers the secondaries market and reports on fund-level fundraising data. Readers seeking the full fundraising detail, including investor composition and close timing, would need to access the complete report.
17Capital describes its approach as providing liquidity solutions to private equity investors through preferred, or priority return, investments in mature private equity portfolios. The firm says it recognized growing demand for fund-level financing among private equity buyout funds, which typically required lower advance rates than traditional structures could offer. Its pitch to investors centers on the claim that its preferred equity strategy has delivered mid-teen IRRs with an average payback of under four years.
The article is available to registered readers of Secondaries Investor, which covers the secondaries market and reports on fund-level fundraising data. Readers seeking the full fundraising detail, including investor composition and close timing, would need to access the complete report.
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