Affinius Capital has closed its first loan under its newly launched European debt platform. The firm has provided an £80 million ($108 million) senior loan to a joint venture backed by affiliates of H.I.G. Capital secured by two best-in-class, purpose-built student housing developments located in Leeds and Lancaster, U.K. Back leverage financing was provided by Standard Chartered.
This inaugural transaction marks a significant milestone in Affinius Capital’s expansion of its Pan-European lending capabilities, following the strategic launch of the European debt platform. The platform focuses on development lending and transitional credit across Europe.
“Supporting high-quality sponsors with tailored financing solutions is core to our European lending strategy,” said Shaun Connery, managing director and head of European lending.
The strategic European expansion follows the strong growth of the Affinius U.S. lending business, which has completed more than $5
