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Blazehill Capital closes fund II at £250m

Blazehill Capital, a credit opportunities debt fund providing flexible financing solutions to mid-market businesses, has held the final close of its £250 million Fund II, just two years on from the launch of its maiden fund.

Blazehill Capital, a credit opportunities debt fund providing flexible financing solutions to mid-market businesses, has held the final close of its £250 million Fund II, just two years on from the launch of its maiden fund.

With £250 million in fresh capital from leading global investor, InterVest Capital Partners, Fund II will build on the success of Fund I, focusing on the mid-market and providing facilities of between £5 million and £50 million. The fund will also support the business’ wider growth strategy, which aims to build a platform with in excess of £1 billion in assets under management over the next five years. 

Blazehill provides supportive capital to companies requiring new or additional financial support, which they cannot necessarily access from traditional funding sources. It covers a range of financial transactions including acquisitions, growth capital, refinancings and recapitalisations.
 
Since its launch in April 2021, Blazehill has already invested into 10 ambitious businesses across the UK, including a £43 million refinancing package to Butcher’s Pet Care. The facility was provided in partnership with Secure Trust Bank Commercial Finance, consisting of a £25 million revolving ABL facility and an £18 million non-amortising bullet repayment term loan.

Browne Jacobson acted as legal advisers to Blazehill Capital.

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