17Capital has appointed Osama Al-Adhamy as Managing Director and Principal Representative for its DIFC office in Dubai, signalling an intensification of its expansion across the Middle East and North Africa (MENA) region.
Al-Adhamy’s appointment brings senior leadership experience from J.P. Morgan Asset Management, where he served as Managing Director and Co-Head of Middle East Institutional Clients and previously worked within the Global Credit Markets teams in Dubai and London. Based full-time at the Dubai International Financial Centre, his role is expected to strengthen the firm’s capability to unlock institutional capital in a region with a growing appetite for private capital investment.
17Capital reiterated its projection that NAV (Net Asset Value) financing could expand to $145 billion by 2030, with the GCC playing a central role in driving capital deployment.
The firm recently closed its Strategic Lending Fund 6 at $5.5 billion, the largest dedicated NAV finance fund to date, with part of the capital raised from MENA-based institutional investors. Since its inception, 17Capital, now under Oaktree Capital Management, has raised $19 billion across its offerings, including a dedicated credit programme that closed at €2.6 billion in 2022.
Augustin Duhamel, Managing Partner at 17Capital, said Al-Adhamy’s regional experience will be “invaluable to the continued expansion” of the business as NAV finance opportunities rise in the Middle East.
Al-Adhamy said he looked forward to working with institutional investors in the region as NAV finance gains traction globally.
