Private Equity firm Resolute Capital Partners (RCP) has joined Elliott Management, a hedge fund manager, and Soft Bank, a high-tech funding firm, by investing in PLUM Lending (PLUM). Earlier this month, RCP completed a USD2 million equity investment in PLUM through its technology fund, Strategic Technology Assets II (STA II). STA II invests in early-stage technology companies within the healthcare, financial services, and regulatory sectors. RCP leadership believes these sectors are defensible due to each sector’s immense national and global demands.
“More often, companies are demanding an investment partner that can provide operational expertise and support in addition to capital investments,” says Thomas Powell, senior managing partner and founder of Resolute Capital Partners. “We are thrilled to make an investment in PLUM, as they seek to revolutionise the commercial lending market. As our world continues to evolve with events such as the COVID-19 pandemic, access to alternative forms of funding becomes increasingly important.”
PLUM is a financial technology company that combines data intelligence with financial expertise to modernise commercial real estate (CRE) lending. It operates at the centre of CRE finance, data intelligence, deep expertise, capital sources and industry relationships. PLUM continues to expand its network of financial services, wealth managers, brokers and the CRE industry as a whole to provide property owners with the best options for their investments.
“I’m honoured to partner with RCP, having first worked with Tom during the early Silicon Valley days of the 1980’s,” says Bill Fisher, CEO and founder of PLUM. “RCP’s technology fund promotes leading entrepreneurial ventures, and we are excited Tom shares our enthusiasm of unlocking CRE lending in underserved secondary markets.”
Through STA II, Resolute Capital Partners’ senior executives seek to identify emerging trends and advancements in the fintech, healthtech, and regtech fields that present strong investment opportunities. Its focus on proven or high-potential, early-stage companies in these three key sectors is aimed at facilitating each company’s growth and maximising their market share.