MSP Capital

MSP Capital secures new funding line for three-year bridging product

MSP Capital has secured a new senior funding line from funds managed by Insight Investment.

This finance has increased the group’s committed senior funding lines to more than £100m and will be used to increase provision of a new longer-term bridging finance product, offering a term of up to 36 months.

This comes after Cabot Square Capital acquired a majority stake in the lender in November 2018.

The funds from Insight Investment is in addition to the funding MSP Capital has received from NatWest and Shawbrook Bank.

Martin Higgins, managing director at MSP Capital, said: “2018 was a significant year of evolution in the business and we are excited to move into 2019 with strong, supportive institutional backers that will be able to provide the equity and debt capital that we need to continue on our strong growth trajectory.”

MSP Capital was advised by the financial services corporate finance team at EY.

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