Cain International has partnered with Fortwell Capital, acquiring a majority stake in the business, and providing £400 million ($507 million) of investment capital to the company.
The deal represents one of the largest injections of capital into a U.K. alternative real estate finance firm, fund or platform so far this year.
Fortwell Capital has lent more than £1.2 billion ($1.5 billion) since it was established in 2011. In addition to its £400 million ($507 million) investment in Fortwell Capital, Cain International has also acquired a portfolio of development loans providing total facilities of £80 million ($101 million), which the Fortwell team will continue to manage.
The partnership will enable Fortwell to continue to expand its loan book. Fortwell’s strategy works across multiple sectors, in addition to being the lender of choice for residential projects. Fortwell will also focus on expanding its reach to a range of U.K. cities and locations, while building on its established reputation in the London and South East markets.
