We are a private debt fund that supports businesses in the heart of the UK economy

The UK lower mid-market (LMM) is a highly attractive opportunity for investors

World-class businesses

Our strong regional industry base is a differentiated asset class, with a large and diverse population of companies forming the "engine room" of the UK economy.

Government support

The Levelling Up agenda remains a strong plank of UK government policy, providing a stimulus to strong economic growth and financial investment.

Strong liquidity

High levels of regional corporate finance and private equity activity across the UK drive transactional funding needs, helping to maintain low default rates and low refinancing risk in the LMM.

Levelling up is about restoring pride people feel in the places they call home

Rishi Sunak, Chancellor

Team

Our highly experienced team brings a blend of lending, asset management, investment and advisory skills with an unmatched breadth of network across the regional corporate finance landscape.

Learn more

A truly differentiated asset manager

We have a unique vantage point to access dealflow and true connectivity with regional deal introducers and corporates. Being based in the regions means we are a local and responsive funding partner for our borrowers.

Our capital supports transactional activity for UK businesses delivering £3m to £10m EBITDA across a wide range of industry sectors.

Our partners and team can draw from a wealth of experience across direct lending, board advisory and private equity roles to support best in class investment appraisal and enable us to add real value to our investments as an asset manager. We do not just provide capital. We add value by harnessing our skills and networks.

We lend across the capital structure. We can tailor unitranche, senior and second lien funding solutions, in both sponsored and sponsorless situations, providing the flexibility to generate attractive risk adjusted returns from a diverse pool of mid-market assets.

We have successfully deployed capital and generated top decile returns to investors across three institutional funds to date. Our first institutional fund is now fully realised and delivered a market leading net IRR on cash invested for investors.

We’re targeting £300m of annual capital deployment in the coming years.

  • £600m institutional capital raised
  • £10m to £30m typical investment size

Our portfolio

We love being part of the fantastic growth stories happening across our investment portfolio. Our capital has helped many businesses drive for growth, undertake major acquisitions or transform their ownership, management, or operations.

Learn more

£600m

institutional capital raised

£10m - £30m

typical investment size

£3m - £10m EBITDA

lower mid-market focus