British alternative lender SME Capital has scooped a new investment from three family offices to expand its offering in the under-served lower middle market.
British alternative lender SME Capital has scooped a new investment from three family offices to expand its offering in the under-served lower middle market.
The investors, from Mustard Kick, Hambleden Capital and Karan Capital, will join the company’s board as part of the deal.
The investment allows SME Capital to accelerate growth, fund new loans and develop a new product which it will bring to market later this year. Currently writing tickets up to £6m, the firm is sector-agnostic and provides cash flow loans to the lower middle market, which has struggled in recent years to fund events like M&A, MBOs and MBIs due to the retrenchment of mainstream banks.
