The Blog

Musings on corporate finance, fund raising, debt capital and other matters

Pedro Tavares, Founder & CEO of Altimapa Capital (left) with Steven D'Ambrosio, CEO of Sandfield Capital (right)
Pedro Tavares, Founder & CEO of Altimapa Capital (left) with Steven D'Ambrosio, CEO of Sandfield Capital (right)

Sandfield Capital, a lendtech company that provides loans to individuals pursuing legal claims, has secured a £20m credit facility via Ampla Finance to enable it to significantly expand its operations. The funding is the first tranche of a £100m fundraise being led by private debt finance specialist Altimapa Capital, which is transforming the way SMEs secure funding by engaging directly with a network of over 600 institutional investors.

The Global Credit Outlook 2024 by S&P Global Ratings highlights how the end of cheap money represents a return to credit fundamentals and liquidity analysis in the face of a higher cost of debt, increased maturities, and slowing economic activity. We present some of the key take-aways for the mid-market.

Picture by Stein Egil Liland (https://www.pexels.com/@therato/)
Picture by Stein Egil Liland (https://www.pexels.com/@therato/)

Small and medium-sized enterprises (SMEs) play a vital role in the economy of Scandinavia, accounting for a significant portion of the region's GDP and employment. However, despite their importance, SMEs in Scandinavia challenges when it comes to funding their operations and growth.

The New Normal (...again)

Like most crisis before, this time is completely different and completely the same. But one aspect of the predicament we and the markets find ourselves in is clear already - it is not a crisis of liquidity as was the case in the late 00's. Instead liquidity is plentiful, the question being where will that liquidity find a home in the face of heightened uncertainty and a shifting geopolitical and economic landscape?

Image attribution: QuoteInspector.com
Image attribution: QuoteInspector.com

Move over Omicron: INFLATION is the new buzzword. The threat of inflation looming over central banks has made an already difficult situation that much harder to deal with. Looking back on the past year we can see that much action was centred around driving economic recovery, but now private lenders, banks and governments will need to adapt.