Pivot increases funding capacity by 50%

Specialist development finance lender, Pivot, has agreed a 50% increase in its lending capacity from funds managed by institutional partner Foresight Group.

In November 2023, Pivot secured an initial commitment from funds managed by Foresight when it was brought in to supply senior debt alongside long-time partner Quilam Capital, provider of junior capital and equity. 

Pivot has completed close to £250m in transactions to date in development and short-term lending solutions.

Paksan Wu, capital and treasury director at Pivot, commented: “The relationship we have with our funding partners is a marked USP for Pivot.

“Going beyond the typical dynamic means that we have full support to deliver a clear, compelling offering to a market which is still very much in need of reliable finance solutions. 

“Foresight’s approach to development finance completely aligns with our model, and they recognise the strength of our people, processes and tools.”