Shard Credit Partners, an innovative provider of alternative financing to small and medium-sized enterprises (SMEs), launched a US$78 million venture debt fund. The fund will invest in senior secured loans with equity warrants to VC-backed SaaS and fintech startups in the United Kingdom. Borrowers with yearly recurring revenues of at least US$2 million and who find it increasingly difficult to obtain long-term funding from traditional lenders, will be targeted by the fund. The stated investment term will be three years with management seeking to fund 15 deals per year.
Shard Credit Partners Launches US$78 Million Venture Debt Fund to Back Fintech and SaaS Firms
