Macfarlanes advises 17Capital on closing of fifth fund at $2.9bn

15 July 2021

Macfarlanes has advised long-standing client 17Capital on its fifth fund, 17Capital Fund 5, which has successfully held a final closing at its hard cap. The fund provides preferred equity financing to private equity investors and fund sponsors, continuing the successful strategy of previous 17Capital funds.

The firm previously advised 17Capital on its fourth fundraise which closed with commitments over €1.4bn in 2017.

The Macfarlanes team was led by investment management partner Chris Good with assistance from solicitors Rooshin Vaghadia and Hannah Collinson. Tax advice was provided by partner Mark Baldwin and solicitor Robert Clarke and finance advice was provided by partner Andrew Perkins and senior solicitor Chris Barrett.

Chris Good comments: “We are delighted to have advised 17Capital on its latest fundraise having worked with the firm since its inception in 2008.”

Pierre-Antoine de Selancy at 17Capital comments: “Thank you to Macfarlanes for ably assisting us on our latest fundraise. It has always been a pleasure working alongside Chris and the rest of team over the years.”