A new funder set up by two Shawbrook Bank managing directors has launched this week aiming to invest in mortgage firms.
Aquilam Capital wants to complete up to eight deals a year of up to £25m, with the £2m-£10m range being its main focus.
The firm’s founding partners are former Shawbrook Bank managing director Marc Sefton and specialist sectors managing director Kieran McSweeney (pictured, left to right).
McSweeney says the firm is potentially prepared to invest in any mortgage company, as well as other areas of specialist finance.
He adds: “We are looking at a couple of interesting ideas. The bridging finance sector is one, the short term lending sector is another, as it has a nice yield and nice route to market.
“The secured lending market is also one we know very well. The first charge mortgage and commercial mortgage market are areas we also know.
“So if there is a specialist platform, new start or re-start in that space, that would be in the remit of what we are looking to support.”
Sefton adds that Aquilam is looking to invest in forward-thinking firms.
He says: “We want to work with innovative teams that have come up with something new. We want to see something different, perhaps a different service proposition, a difference in how they underwrite, how they think about the market. There is opportunity there for sure.”