Deals
Oaktree-Backed NAV Lender 17Capital to Expand Into Dubai
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Oaktree Capital Management-backed 17Capital is expanding into Dubai as it seeks to capitalize on growing interest in the niche area of net-asset-value lending in the Middle East.
17Capital has received all the necessary approvals and licenses from local authorities, a representative for the firm told Bloomberg News. Its operations in the region will be led by Pierre Garnier, a senior investment director who joined 17Capital in 2018 from Lazard Inc.