17Capital has appointed a director to help manage its European investor base.
The London-headquartered preferred equity provider has appointed Pauline Chatin as investor relations and fundraising director with immediate effect, according to a statement. She will be based in Paris and have particular responsibility for France, Belgium, Switzerland and Luxembourg.
Chatin joins from Lyxor Asset Management, part of Société Générale, where she sold financial solutions to French institutional investors across hedge funds, structured solutions and private debt. She helped seed several new strategies, including a dedicated private debt fund for one of France’s largest state institutions.
“[Chatin’s] experience and relationships across Europe will be of great value to us and we look forward to working with her,” managing partner Pierre-Antoine de Selancy said in the statement.
Chatin’s appointment follows that of Martin Munte as IR director and Daniel Lee as head of fundraising and IR for North America, Secondaries Investor reported. They joined from CVC Credit Partners and Aethon Energy last spring.
17Capital has held an interim close for flagship preferred equity vehicle 17Capital Fund 5 on €1.45 billion, out of a €1.8 billion target, according to Secondaries Investor data. It is also understood to be in market with a credit fund.
There was $7.8 billion of preferred equity transaction volume last year compared with $3.7 billion in 2019, according to data from investment bank Evercore.