12/12/2015

New regional fund completes £10m first deal


Toscafund Asset Management’s (Toscafund) recently-launched Tosca Debt Capital (the “Fund”) has completed its first deal, providing a £10m second lien facility to 1st Stop Group. The investment from the Manchester-headquartered Fund will fuel further strategic growth opportunities for the rapidly-growing Blackpool-based SME, which specialises in car finance, personal and home loans to individuals.  The £10m debt...
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24/11/2015

Toscafund Asset Management opens first regional office


Toscafund Asset Management’s (Toscafund) recently-launched Tosca Debt Capital (the “Fund”) has moved into its Manchester headquarters having secured a 2,830 sq ft office in the city centre. Tosca Debt Capital is the first tenant to occupy 26 Cross Street and has taken the 6th floor of the eight-storey, 21,500 sq ft premises on a five-year lease....
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02/10/2015

Regional debt fund appoints new head of credit


Toscafund announces its latest senior hire to head up credit management and deal underwriting for its new Manchester-based regional debt fund. Mark Metcalf, 47, will join the Tosca Debt Capital Fund (TDCF) team as Head of Credit after spending more than 10 years as credit risk director with the Manchester office of Wells Fargo Capital...
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02/09/2015

Regional debt fund launched to support SME lending


Toscafund has launched a new regional debt fund, focused on offering flexible debt capital to SMEs. The Tosca Debt Capital Fund (TDCF) aims to initially raise £110m by January 2016 and establish itself as the lender of choice for UK regional SMEs seeking flexible debt capital. Tailored debt structures with cash preservation features will facilitate...
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