17Capital to open New York office – Exclusive

The preferred equity specialist, which is now understood to be targeting around €900m for its fourth fund, will send its number three in command to lead its North America operations.

17Capital, the London-based preferred equity specialist, is planning to open its first overseas office in New York, PEI's sister publication Secondaries Investor has learned.

Robert de Corainville, a partner at the firm, will lead operations from the New York office, which is expected to open this month, according to two sources familiar with the matter.

De Corainville has 15 years of private equity and banking experience and joined the firm in 2010 from Merrill Lynch, where he worked on leveraged finance, according to 17Capital’s website.

Read more by visiting Secondaries Investor.