The debt, equity and EIS investment specialist IW Capital has closed its first secured debt fund.
The £2m fund is the first in a series of diversified investment vehicles that the firm has launched over the past few months.
IW Capital told GBI Magazine that this initiative is in direct response to the increased traction that its secured debt offering has gained in the market.
With the close of this first senior debt fund and the deployment of the investment, IW Capital has now raised around £10m to support SME Funding.
The firm’s first secured debt fund is currently invested in four transactions and it anticipates closing a fifth eligible transaction imminently, offering investors, it said, both risk diversity and an attractive yield.
Luke Davis (above), CEO and founder of IW Capital said: “With the ongoing disintermediation of the UK alternative finance arena, we are seeing greater than ever demand from SMEs for more diversified funding options. IW Capital has championed this shift in the industry over the course of the last decade- first through equity and EIS, then with the launch of our debt arm and now with this secured fund. It is an incredible milestone for IW Capital, and I’m very proud of the team who have come together to make this all possible.”