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Nick Hill

AnaCap agrees to acquire personal loan portfolio from Secure Trust Bank

AnaCap Financial Partners, the specialist financial services private equity firm, has reached an agreement to acquire a portfolio of seasoned, performing U.K. unsecured personal loans from Secure Trust Bank plc.

London-based AnaCap, which focuses on investing in the European financial services sector, is set to make the transaction via AnaCap Credit Opportunities III, L.P. fund (the Fund).

The portfolio covers more than 10,000 individual loans geographically spread across the U.K., with an average seasoning of almost two years.

This is the Fund’s second investment in the U.K. and follows on from a number of similar investments in performing consumer loans made by AnaCap predecessor funds.

AnaCap said this deal further develops its “investment strategy addressing performing assets which now comprises investments across consumer, SME and secured corporate loan portfolios as well as regulatory capital and structured credit.”

Konstantin Karchinov, managing director at AnaCap, commented: “We are delighted to have completed this deal – one that represents AnaCap’s 16th U.K. investment and our 8th performing asset acquisition in the U.K. alone.

“AnaCap’s extensive track record in the U.K. and performing credit investments dates back to 2010 and this deal reinforces the firm’s ability to access regulated performing assets and adjacent asset types across Europe.”

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