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Crestbridge’s UK funds team has provided a comprehensive suite of administration services to support the recent successful first close of Shard Credit Partners’ inaugural technology-focused venture debt fund.
The new ‘Venture Debt Fund I’ secured £16.5 million in commitments from the UK and European institutional investors, alongside UK technology industry entrepreneurs, on its first close, and will make investments in senior secured loans with equity warrants to venture capital backed businesses in the B2B ‘Service as a Software’ (SaaS) and Fintech sectors across the UK.
The fund has completed two investments with total commitments of £6.5m ahead of the first close and aims to complete around 15 investments per year during the three-year investment...
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