Closing the UK mid-market lending gap with downside-protected structures across direct lending, special situations and infrastructure debt.
Bank lending dislocation has created a structural opening for private credit. Our private credit strategy targets attractive yields with strong downside protection and is driven by a bespoke, partnership-led approach with the broadest private credit and direct lending ecosystem in the UK.
Spanning the UK private credit opportunity set — from senior secured direct lending to mid-market companies through to complex situational financing.
| Sub-Strategy | Purpose |
|---|---|
| GREAT Direct Lending | UK-focused direct lending — 60% deployment in UK growth sectors |
| Special Attractive Situations | Situational financing for complex opportunities |
UK private credit specialist credit leadership — 25+ years of experience across UK credit and debt capital markets, $500bn+ of debt originated over the last 20 years, with deep expertise in lending, special situations and financial institutions.
Selected transactions illustrating the team's capability across direct lending, complex restructurings and structured credit.
Thesis: £22.5bn investment / capital raising and APS exit.
Innovation: Created entirely new hybrid capital product (Enhanced Capital Notes).
Thesis: Recapitalised Irish pillar banks through capital, credit and asset solutions.
Execution: €28bn capital injections + €78bn asset sales; bad bank establishment.
Expertise spanning 25 years of credit cycles in the UK — advising and issuing credit for banking system participants representing the lion's share of credit in the UK. Proprietary UK private credit deal flow through deep bank, sponsor and direct origination channels.
Presenting attractive risk-adjusted returns across sub-strategies.
Senior secured structures, downside-protected by design, with deep diligence and active credit management.
Best-in-class risk management frameworks and experience. Sophisticated governance framework across investment committee, independent valuation, audit and ESG.
Materials and detailed strategy decks are available under NDA. All enquiries are handled personally by a member of the leadership team.
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