European Risk Capital launches £1bn debt programme for UK lenders

European Risk Capital (ERC) has announced the launch of CreditStream, a £1bn multi-client debt programme.

CreditStream provides UK non-bank originator lenders with wholesale funding access to the alternative debt capital markets.

With an individual deal target size of £10m – £100m or more, CreditStream is aimed at financing balance sheets of UK mid-market, asset-based lenders comprising bridging & development lenders, second charge mortgagees, consumer & SME funders, auto/equipment finance companies, and fintech lenders, amongst others.

CreditStream is intended to be accessed by multiple originator lenders so that they can share economies of scale, streamline processes, and lower risk-adjusted funding costs.

Tony Gioulis, ERC’s Managing Partner, commented: “CreditStream is essentially a debt vehicle that “lends to lenders”. The UK mid-market, non-bank finance companies continue to experience a significant funding void left by mainstream debt warehouse facilities and public securitisation markets traditionally accessed by large institutional lenders.

“CreditStream forms a compelling alternative to conventional wholesale finance sources and is consistent with our strategy of providing UK mid-market lenders with a flexible, cost-effective growth platform in a polarised credit environment.”

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