Substantial support will boost nationwide
expansion of the F2 Finance real estate bridging finance
business
SANTA
MONICA, Calif., July 16,
2024 /PRNewswire/ -- Faes & Co, an
investment firm led by former LendInvest plc founder Christian Faes, has entered into a significant
funding partnership with leading UK Investment Manager Triple
Point, which has over $4.7 billion in
funds under management. The funding partnership with Triple Point
will provide Faes & Co with additional capital to support the
expansion of its lending activities throughout the United States, as it scales up its
technology-enabled real estate bridging finance business, F2
Finance.
"This new funding partnership with Triple Point, alongside our
Income Fund, provides us with line of sight to our first
$100M of lending in the residential
bridging sector, which is a good foundation to start from as we
seek to build one of the leading private lenders in the US," said
Christian Faes, CEO, Faes & Co.
"I have worked with the team at Triple Point for nearly 15 years,
and they are the first institutional group we spoke to about
funding for this business. We really like working with them and we
are excited to leverage the support and significant resources of
their firm as we build our business here in the US."
Just last year, Faes & Co launched F2 Finance, a business
focused on providing short-term loans to 'property entrepreneurs'
and investors, secured by first lien mortgages against residential
property. F2 Finance is currently active in several states
including California, Texas, Florida, Virginia and Washington, with ambitions to expand its
footprint to other states in the coming months.
James Cranmer, Managing Partner
of Triple Point, commented: "The United
States is an exciting growth market for our business. With
20 years of experience operating in private credit, we understand
the importance of entering this market at the right time and with
the right partner. Partnering with someone of Christian's
reputation, combined with an impressive and growing platform,
ensures we are well-positioned for success. We believe the plan for
Faes & Co aligns with our ambitions and values, and we look
forward to a successful partnership."
Christian Faes has spent almost
two decades working in the real estate bridging finance sector,
operating in Australia, the UK,
Ireland, and now the US; and has
been managing investment funds in the sector for the last 14 years.
During this time, Christian has helped build a number of the
largest private lenders in their respective markets, with
LendInvest in the UK, and Onate in Ireland.
About Faes & Co
Faes & Co is an investment firm focused on providing
investors with consistent, stable, asset-backed returns. Our
flagship Faes & Co Income Fund invests in real estate bridging
loans secured by first mortgages against residential property
across the US. Our group company, F2 Finance, is a technology
enabled lender focused on originating bridging loans for our
Fund.The firm's team have been involved with building direct
lending businesses in the UK, Ireland, Australia, and the U.S.; these companies have
over $5 billion in Funds under
Management and employ over 200 people. For information on our
group, please visit www.faes.co and follow us on Twitter
@faesandco and LinkedIn
at www.linkedin.com/company/faesandco
About Triple Point
Triple Point was founded in 2004 to unlock impactful and
hard-to-source private market asset origination for our individual,
institutional and governmental funding partners. Today, we manage
circa £4 billion of assets across four distinct investment
strategies: Housing, Energy Transition, Private Credit and Venture.
Our distinctiveness comes from our ability to connect discrete
disciplines in uncommon combinations to create unrecognised
value.
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SOURCE Faes & Co.