The Challenge

Launched in May 2015 and led by Managing Director and Lead Fund Manager, Tim Parkes, RAW Mortgage Fund, run by RAW Capital Partners, has completed over 350 loans at an average loan to valuation ratio of only 47%, and has provided very consistent returns to investors. 

With the fund showing strong loan book performance throughout 2020, and a strong pipeline for 2021, despite the ongoing challenges being presented by the pandemic, it required a larger facility to keep up with investor demand.

Opportunity & Outcomes

We increased our existing Revolving Credit Facility with RAW Mortgage Fund totalling £20M from 2019, up to £40M, allowing the fund to lend ahead of investor subscription and retain headroom for potential redemptions.

This transaction from February 2021 further demonstrated OakNorth’s growing capabilities and expertise in the funds finance space.