Capital Bridging Finance secured first funding line since acquisition

Capital Bridging Finance Limited has announced that following its acquisition by Omni Partners LLP, it has secured its first funding line through the recently launched Omni Secured Lending Fund 1 LP.

Related topics:  Specialist Lending
Amy Loddington
18th March 2014
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Omni Partners has nearly $700 illion of assets under management across three funds: Omni Event, Omni Macro and Omni Secured Lending.

The Omni Secured Lending Fund launched on 1st February 2014, enabling institutional investors to directly access the UK short term secured property lending market - Capital serves as the fund’s sole origination platform and maintains responsibility for managing the entire lending process.

Since its foundation in October 2009 Capital has underwritten in excess of £125 million of aggregate lending across more than 400 discrete loans

Capital has also applied to the FCA for authorisation to enter the regulated lending market.  In addition to the additional funding line provided by the newly launched fund, Capital will leverage the resources introduced by Omni Partners to identify further financing sources as the company continues its expansion.

Commenting on the launch of the fund Keith Aldridge said:

“12 months ago we increased our lending activities after securing a £50 million funding line with a high street bank. With this capital having been successfully utilised, we realised that identifying further funding sources was vital in enabling us to continue to expand the business.  The newly launched Omni Secured Lending Fund provides precisely the type of capital we are seeking –
long-term stable capital with the flexibility to fund the full suite of loans we wish to offer our clients.

"We place a high value on partners who complement our lending ethos and ambition and are confident our tie-up with Omni Partners has provided us with such a partner. We are confident we can successfully deploy the capital provided by the first Omni Secured Lending Fund and look forward to working with Omni Partners on future fund vehicles”.

In discussing the launch of the new fund Steve Clark said:

“Over the last four years Omni Partners has been keeping a close eye on the growing short-term finance market and thought the time was right to strengthen our partnership with Capital. Our investors will have the confidence that they have invested in a superior asset class. We are delighted with the integration of Capital into Omni Partners over the last few months and with the recent launch of the new fund we are confident that investors will see the value in allocating to a vehicle that offers superior asset quality, short tenor and high yield. Omni Partners is committed to assisting Capital further develop as a serious player within the short term lending space”.

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