Brookfield Asset Management’s private credit arm, Brookfield Credit, is investing $1 billion in net asset value lending through funds controlled by 17Capital, a NAV specialist, according to a statement seen by Bloomberg.
Brookfield owns Oaktree Capital Management, which, in turn, owns a majority stake in 17Capital. The NAV-focused firm, which was founded in 2008, counts pension funds and insurance firms as more than two-thirds of its investor base, according to its website. Over the last year, 17Capital has deployed more than $3 billion, according to the statement.
NAV loans allow private equity firms to borrow money secured ...
