National law firm Freeths has advised Frontier Development Capital (FDC) on a further fundraising round for its SME-focused lending fund, FDC Debt LP.
New commitments from cornerstone investors British Business Investments and West Midlands Pension Fund take the fund over the £100m mark, paving the way for further investment in regional small and medium sized businesses.
Headquartered in Birmingham, with additional offices in Manchester and Bristol, Frontier Development Capital supports businesses and property developers with debt funding of between £1m and £20m.
The Freeths legal team was led by private funds partner George Metcalfe.
He commented: “We are delighted to have advised FDC on its latest raise, and it is a pleasure working with the FDC team and their investors. The deal also demonstrates our strong credentials in supporting fund managers operating in the SME investment arena, which we look forward to continuing to grow.”