Key Details:
- Client: UK national/resident
- Share value: Circa £13.6m
- Loan Amount: Circa £4.5m
- LTV: 33%
In this case, Enness was approached by a senior executive at a private equity firm who had earned carry from an investment fund. The client was looking to use the funds to purchase property in the UK and sought liquidity without selling equity or relying on an existing banking relationship. The objective was to release value from a circa £13.5m shareholding while securing competitive lending terms.
The critical challenge was finding a lender willing to provide financing without an existing relationship. Banks are typically conservative with carry unless the client is well-known to them, and the client’s current banker was the only prior option, but could not offer competitive terms. This required identifying a specialist lender prepared to evaluate the client’s investments independently.
Enness quickly identified a suitable lender and secured a circa £4.5m loan at a 33% LTV for a five-year term. The facility was structured efficiently to meet the client’s requirements, leveraging Enness’ relationships and market expertise to achieve a bespoke solution.
If you hold significant private equity or investment fund carry and require structured liquidity without selling down your position, speak to Enness. We specialise in tailored lending for high-net-worth and entrepreneurial clients.
