17Capital has hired two people from JPMorgan’s fund finance team, six months after bringing in a partner from the bank’s unit.
The London-headquartered preferred equity specialist appointed David Wilson as a managing director, according to a statement. Wilson was head of structuring for the EMEA and Asian fund financing team. He had been at the bank since 2007, according to his LinkedIn profile.
Wilson is joined by head of legal Emad Shahin, who was JPMorgan’s head of corporate equities and fund finance legal for EMEA. He had been at the bank since 2013, his LinkedIn profile noted.
Both will be based in 17 Capital’s London office.
In September, 17Capital appointed JPMorgan managing director Tom Doyle as a partner. Doyle had led the creation of the investment bank’s private equity fund financing business.
“I worked closely with David and Emad at JPMorgan and believe they will be a tremendous addition to 17Capital as we continue to grow and expand,” Doyle said.
In March the firm hired investment director Jonathan Goldberg from RBC Capital Markets, the investment banking arm of Royal Bank of Canada, to join its New York office.
The hires brings the firm’s team to 37 including four partners.
17Capital closed its fourth fund in 2017 on €1.2 billion, three months after Secondaries Investor reported the firm was nearing the final close. Fund 4 closed above its initial target of €800 million and took six months to raise, Secondaries Investor reported.
Preferred equity transaction volumes stood at around $3 billion last year, around the same as 2017, according to research by advisor Evercore.