17Capital makes MD promotion

17Capital, which is in market with its fifth flagship fund, has made a senior promotion and hired six additional professionals.

London-based Fokke Lucas has been promoted from investment director to managing director, according to a statement seen by Secondaries Investor. He joined the preferred equity specialist from Lehman Brothers credit spinout Neovara in 2012 as an investment associate.

“Fokke has excelled in his role within the investment team and I would like to thank him for his hard work and wish him the best of luck in his new role”, said managing partner Pierre-Antoine de Selancy.

The six appointments include investment analyst Tom Edwards and investment associate Federica Bogoni, bringing the preferred equity specialist’s total number of staff to 44 across its London and New York offices.

17Capital has invested over €2 billion across 50 investments since its founding in 2008, of which 23 have been fully realised, the statement noted.

The firm came to market in the first half of this year with 17Capital Fund 5 targeting €1.8 billion, Secondaries Investor reported. Predecessor Fund 4 held its final close 12 months prior on €1.2 billion.

17Capital has made several senior hires this year, including investment director Richard Golaszewski from Nomura, finance director Anthony McKay from CVC Credit Partners, managing director Stephen Quinn from Lloyds Banking Group and managing directors David Wilson and Emad Shahin from JPMorgan.

In a June podcast with Secondaries Investor, 17Capital managing partner and founder Augustin Duhamel said his firm saw close to $10 billion in dealflow last year.