The lender’s parent company, Omni Partners LLP, announced the launch and close of its third fund, Omni Secured Lending Fund III LP, which raised approximately £41.75m.
The fund provides investors with exposure to short-term loans secured against UK residential and commercial properties, with Amicus serving as the fund’s origination platform, responsible for the entire front-to-back loan process.
Steve Clark, Omni’s Founder and Head of Risk, said private credit should be a compelling part of every institutional investor’s portfolio.
“We are therefore pleased to see that OSL III’s combination of an unlevered lending strategy delivering attractive yields on assets of superior quality and short tenor is attracting increased interest from institutional investors worldwide.”
Elissa Kluever, Managing Director – Credit/Lending Funds, added: “The launch of the third vintage of Omni Secured Lending marks an important milestone, with the first direct allocation by a pension fund to the strategy.
“OSL has a track record of consistently delivering strong risk-adjusted returns and we look forward to the second close on 1st July. The strength of our pipeline is testament to investors’ continued interest in the strategy.”
The news follows a £100m short-term mortgage-backed securitisation for Amicus which took place in August as the lender looked to continue its expansion.
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