Deal Pipeline

Active credit facilities · as at 13 Apr 2026

Total Commitment
£480m
across 5 facilities
Total Drawn
£331m
69% utilisation
Watch / Review
2
facilities flagged
Pending Reviews
2
committee items
Facility / Obligor
Sector
Status
Rating
Commitment
LTV
Lead
Thornfield Term Loan B
Thornfield Industrials plc
Industrials
Active
BBB
£85m
£62m drawn
53%
Priya Nair
→
Redwood RCF
Redwood Retail Group Ltd
⚠ LTV elevated post-store closures; EBITDA trending below budget
Consumer / Retail
Watch
BB+
£45m
£39m drawn
71%
Aisha Okonkwo
→
Kestrel Mezzanine
Kestrel Logistics Holdings
⚠ Full draw on mezzanine; annual review due
Logistics & Transport
Review
BB
£30m
£30m drawn
67%
James Whitfield
→
Halcyon Senior Secured
Halcyon BioSciences Ltd
Healthcare / Life Sciences
Active
A-
£120m
£47m drawn
38%
Marcus Lund
→
Clearwater Infrastructure
Clearwater Energy Partners
Infrastructure / Energy
Active
BBB+
£200m
£153m drawn
49%
Aisha Okonkwo
→
2 committee reviews pending decision — open Credit Committee →