NatWest TDS appointed UK depositary for Beechbrook Capital

Beechbrook Capital, a specialist direct lender founded in 2008, invests in the lower-mid market/SMEs across a range of industries in the UK and Europe through two separate debt strategies. To date, it has raised more than €1.3 billion and has invested in 104 companies.

Beechbrook’s UK SME Credit funds provide senior finance to support non-sponsored companies with EBITDAs up to £15 million across the UK. Additionally, Beechbrook has a separate European SME fund strategy focused primarily on sponsored companies.

The Beechbrook team includes more than 15 investment professionals located in six offices across the UK and Europe.

Matthew Hiscock, Head of Alternative Funds Business Development UK, NatWest Trustee and Depositary Services said:

“We never underestimate the importance of making sure existing clients remain strong advocates of our business and it’s extremely pleasing Beechbrook has once again appointed us as their chosen depositary for this latest Fund.

“NatWest has developed a strong relationship with the Beechbrook team over the last twelve years and it’s a pleasure to further extend our support once again.”

The latest fund, UK SME Credit IV, will support company acquisitions, buy-outs, shareholder re-alignments, re-financings and general expansion plans.

Alan Chu, Finance & Operations Director, Beechbrook Capital said:

“We are pleased to have reappointed NatWest TDS as the depositary provider for our latest fund. At Beechbrook, we recognise the value and independent assurance that a top-tier third-party depositary service brings to our investors. This marks the second Beechbrook fund that NatWest TDS has supported, and we look forward to continuing to strengthen our partnership.”

NatWest TDS, a subsidiary of RBS International, provides independent trustee and depositary services in the UK alongside RBS International Depositary Services S.A. in Luxembourg, operating in both the traditional (UCITS) and alternative funds markets. Established over 80 years ago, with combined assets under trusteeship of £515bn, the team supports a full range of fund types, sizes and levels of complexity.