RM Secured Direct Lending

RMDL launches new fundraise

RM Secured Direct Lending (RMDL) has announced that it is launching a new fundraise to invest in an extensive pipeline of opportunities worth over £150m.

The specialist lender to UK businesses has grown its portfolio to £86.5m in just over a year and is looking to further increase its portfolio by lending to SMEs underserved by traditional banks.

RMDL’s loans are supported by tangible, bespoke security packages, predominantly secured against contracted, predictable medium- to long-term cash flows and/or physical assets.

The majority of individual loan values or transactions range from £2m-10m with maturities of around two to 10 years.

RMDL has often invested in businesses alongside other lenders – including OakNorth Bank and Beechbrook – and targeted sectors such as real estate, renewables and healthcare.

Last July, it made £10m worth of secured loans to bridging finance providers Interlend – a financing vehicle of Market Financial Solutions – and Quivira Capital.

James Robson, chief investment officer at RM Funds (pictured above), said it had seen excellent momentum since it launched in 2016.

“We have raised and deployed funds quickly – including our most recent C-share issue – into attractive assets that meet our strict investment criteria.

“We have also exceeded our first-year target return of 4% and remain on track to increase this to 6.5% for 2018.

“We continue to see a number of bespoke, higher-yielding lending opportunities to established businesses that offer attractive returns profiles across a number of sectors."

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