ThinCats Raises £75 Million Mezzanine Funding From CPP Investments

The facility is the latest line of funding secured by ThinCats and reflects the credit quality of the UK mid-sized businesses ThinCats targets its lending. CPP Investments’ funding forms part of the £700m private warehouse launched in September 2023. That facility was one of the largest, dedicated funding lines with a non-bank lender for mid-market SMEs and currently has deployed £440m.

ThinCats saw a record level of deal origination in its financial year ending 30 July 2024, lending £378m to SMEs and continues to rank as the number one non-bank lender for M&A transactions in the UK.

Ravi Anand, Managing Director, ThinCats, comments: “This funding from CPP Investments demonstrates the strong appetite from institutions to fund growing UK SMEs and is a testament to credit quality of ThinCats lending process. CPP Investments’ addition to ThinCats diverse range of funders brings ThinCats one step closer to its £2bn loan book target over the next few years.”

Ben Mason, Head of European Credit, CPP Investments, said: “CPP Investments is an active participant in private warehouse funding . We are pleased to be able play our part in funding UK economic growth through ThinCats’ platform.”