Sancus Loan Note 4 has been established with a 15-month life and an initial raise of £5.85m through the issue of senior notes entirely to external investors.
The SME lender said it was likely that further draws of funds would be made in the next three months to reach a maximum total raise of £15m.
The funds in the SPV will be deployed into loans, which will be arranged by Sancus and its subsidiaries.
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Andy Whelan, chief executive at GLI and Sancus (pictured above), said it was delighted to confirm the launch of the fourth SPV.
“Sancus is committed to ensuring that it has numerous sources of funding available to meet its growing loan origination/book and the loan notes are complementary to its existing co-funder network and its £50m credit facility from Honeycomb Investment Trust.
“It is particularly pleasing to see the continuing interest from the market to participate in these loan notes, and through this mechanism, in the loans arranged by Sancus."
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