Beechbrook hires new managing director to drive UK direct lending enterprise

0
21


Beechbrook Capital has appointed Richard Good as its new managing director, because it appears to be like to construct out its direct lending enterprise within the UK.

Good was beforehand head of UK financing options in NatWest, the place he was answerable for the areas and London. On this position, he led the origination, structuring and execution of occasion pushed transactions for companies of all sizes. He was answerable for greater than £4bn in debt deployment throughout roughly 115 transactions per yr.

He was additionally a member of the NatWest UK debt and financing options administration group, and chair of the nationwide funding committee.

At Beechbrook, Good will assist to develop the corporate’s UK direct lending technique and originate new enterprise funding alternatives.

Learn extra: Permira Credit score hires new co-heads

“We now have a long-established monitor file and dedication to offering debt financing to the UK decrease mid-market and have closed 95+ transactions so far throughout the UK and Europe,” stated Paul Shea, managing accomplice at Beechbrook Capital.

“Our success in sponsorless lending has been constructed round our dedication to this vital market alternative and investing in a regional community that enables us to entry native advisors to deliver debt financing to all corners of the UK.

“We’re delighted to welcome Richard to the group, who brings his regional and nationwide expertise and imaginative and prescient to our SME funds. This can speed up our footprint, develop our help for debtors and profit our buyers.”

Learn extra: Goodwin hires credit score fund skilled in London

Good stated that the success of the Beechbrook Capital model and its future progress aspirations in UK company direct lending represents creates an enormous alternative.

“I’m excited to construct on the three present UK funds invested so far, and in the end to make debt options obtainable to a wider subset of firms, with out the necessity for majority fairness possession,” he added.

“Providing differentiated and tailor-made financing options that align with debtors’ wants is crucial to fill the hole left by financial institution retrenchment, and past that, to assist drive financial progress within the UK.”

Learn extra: AllianzGI raises €300m in first closing of latest personal credit score influence fund



LEAVE A REPLY

Please enter your comment!
Please enter your name here