Reto receives £15m investment

Friday 15 October 2021

Channel Islands multi-product lender Reto Finance has announced a £15m investment from listed alternative investment manager, Foresight Group.

Reto Finance was launched in 2019 following a buy-out from Shawbrook International by Quilam Capital.

The company says the new investment will support the launch of a real estate development finance product and will allow it to offer increased flexibility on its existing real estate bridging product.

Reto CEO Adam Dawson (pictured top) commented:“This additional line of liquidity allows us to broaden our Real Estate offering meaning that we can continue to support local property developers across the Channel Islands with tailored funding solutions. This deal allows us to further expand our real estate offering with a market leading development finance product.

We look forward to playing a part in supporting the growth of the property markets in both Jersey and Guernsey.” 

Oliver Bates, Foresight Private Debt Manager added: “We are excited to support the growth of Reto Finance and, in turn, make an impact on the real estate market across the Channel Islands. With this partnership, we build on a previous investment from Quilam Capital who are celebrated investors in the alternative lending space.”