Future Finance, Europe’s leading private student lender, has closed a GBP100 million funding facility agreement with Waterfall Asset Management.
To date, Future Finance has raised over EUR90 million in equity and GBP150 million in debt. The new debt facility will allow Future Finance to continue to grow its student lending business, which has already funded close to GBP70 million in loans to deserving students.
Future Finance’s mission is to expand access and opportunity for deserving university students and young professionals in the UK.
Future Finance CEO Alex King says: “This funding facility agreement is an important piece of the puzzle for Future Finance’s continued growth. Combined with our recent EUR40 million equity raise, we are well equipped to address the unmet financing needs of deserving UK university students.”
Henrik Malmer, Managing Director at Waterfall Asset Management, adds: “The nascent UK student lending market offers a unique investment opportunity with the potential to achieve attractive risk-adjusted returns. Future Finance, with an experienced management team and a proven track record, is well positioned to continue building on their first mover advantage in this market.”
