Specialist direct lender Beechbrook Capital has held a final close of its UK SME Credit fund with commitments in excess of £150m and has completed two new investments.
Led by Jon Herbert, Beechbrook managing director, Beechbrook Capital UK SME Credit I backs small and medium-sized businesses in the UK with a turnover of between £10m and £100m and EBITDA of more than £1m. It attracted investors from across the UK, Continental Europe and North America. The fund is already more than 30 per cent committed.