Opalesque Industry Update - QIB (UK) plc has formed a strategic partnership with Eden Rock Capital Management LLP to address the investment opportunities in the UK created by the ongoing constraints within the banking system to fund small and medium sized UK-based companies. |
In July, Eden Rock launched the Eden Rock Direct Lending Fund which provides investors with access to a broad network of privately originated transactions in the mid market sector. Whilst Eden Rock has a global mandate, the partnership with QIB (UK) is focused on co-investment in Eden Rock’s UK deals only.
In selecting Eden Rock as a partner, QIB (UK) was attracted by the firm’s experience and network built up over the past 10 years as well as its deal selection and underwriting criteria. Eden Rock was pleased to partner with QIB (UK) as it is an established Islamic investment bank with strong connections throughout the Middle East and the UK.
Michael Clark, CEO of QIB (UK), commented, “Current market conditions offer unprecedented opportunities to invest in strong companies that have not been able to access the required funding to grow their respective businesses. QIB (UK) is delighted to work with Eden Rock in furthering our commitment to companies in this sector.”
James Matthews, CEO of Eden Rock, said, “We are delighted to be working with QIB (UK), as they are an established yet innovative Islamic investment bank and together we are excited by the growth potential of this new initiative.”
Eden Rock Capital Management LLP is an alternative investment management firm with a specific focus on private lending strategies. The firm was founded in 2001 and currently advises on assets in excess of US$1.4bn from offices in London and New York. www.edenrockcm.com