Credit shop 17Capital hired Drew Fox as managing director of investor relations and fundraising in North America.
Fox brings with him more than 25 years of experience — most recently at Hamilton Lane where he served as managing director of the client solutions group. Before that he was at Neuberger Berman for eight years, focused on that firm’s private alternative, fixed income and equity offerings.
Earlier in his career, Fox spent two years as a managing director at Fortress Investment Group, where he was directly responsible for raising capital for the crossover ABS/MBS Logan Circle Partners structured credit strategies. Prior to Fortress, Drew spent seven years at ING Clarion Real Estate Securities where he was a global sales team leader. He was responsible for the group expanding AUM by $20 billion across long-only and long/short strategies, to become one of the largest real estate securities managers.
“We are pleased to welcome Drew to 17Capital. His deep experience and relationships with institutional investors and other limited partners across North America will be of great value to us,” Pierre-Antoine de Selancy, Managing Partner at 17Capital, said in a statement. “Drew’s appointment further strengthens 17Capital’s investor relations and fundraising team at a time when we continue to see record demand for our NAV Finance offerings.”
“I have long admired the 17Capital team and am excited to join the firm. We will remain steadfastly focused on building relationships with North American limited partners that seek investment opportunities in this underserved market where we offer uncorrelated return streams coupled with the firm’s focus on risk control,” said Fox in a statement. “As leading general partners seek investment for portfolio growth, improving fund performance, as well as increasing commitments to new funds, our LP capital will be deployed at the intersection of this growing segment.”