Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Omni Secured Lending powers through Brexit

Friday, March 31, 2017

Bailey McCann, Opalesque New York:

With Article 50 officially triggered, market observers are keeping a close eye on how the Anglo economies will weather their divorce from the European Union. After the Brexit vote, there were some initial questions about whether banks in Britain would pull back or decamp entirely to nearby EU member states. While some staffing changes are in the cards, one alternative lender in London - Omni Secured Lending - the private debt arm of Omni Partners, says banks haven't stopped lending. They expect local activity will stay strong barring some big Brexit surprise.

"Just after the vote we were concerned that banks would retrench and smaller loans would be the first to go," says Elissa Kluever, Partner, Credit and Lending Funds at Omni Partners. In addition to its event driven hedge fund, Omni has approximately $500 million in two vintages of direct lending funds. The firm's strategy focuses on making smaller market UK real estate loans. Loans typically fund refurbishment projects or the acquisition of buy-to-let, or other investment properties.

Because of the nature of these loans, they tend to be short-term and borrowers typically repay within several months after refinancing through a traditional bank. In the UK's overheated real estate market, these short term loans enable landlords and single-property developers to update apartments or transform unused office space into living spaces quickly. However, local banks and b......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1