Lindsey McMurray

P2P Global Investments sells stake in bridging lender Castlehaven Finance

P2P Global Investments PLC has sold the entirety of its interests in Irish development and bridging lender Castlehaven Finance to Avenue Capital Group for around €250m (approximately £225.9m).

The UK-listed investment trust partnered with Castlehaven in 2016 and acquired a 25% equity stake alongside other loan and debt interests.

Since P2P Global Investments teamed up with Castlehaven, it has provided funding to it in excess of €385m (approximately £347.9m).

Pollen Street Capital is P2P Global Investments’ investment manager and, together, the companies have a pipeline of opportunities to redeploy the net proceeds following completion of the deal.

This will fall in line with is strategy of partnering with high-quality specialist lenders to deliver attractive returns.

Lindsey McMurray, managing partner at Pollen Street Capital (pictured above), said: “We have had a successful relationship with Castlehaven Finance, provided them with a significant amount of financing and have been delighted with the development of the business since the beginning of the company’s partnership in 2016.

“We are happy to have contributed to Castlehaven Finance’s growth and wish the team every continued success.”

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