||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| |||||||||||||||||||||||||||||||||| Social Impact As part of the Fintech revolution new SME
lenders have stepped up, helping to plug this gap and off er new sources of capital in innovative ways. One such example of these lenders is ThinCats, who have lent more than £1.2bn to British businesses in the UK. Last year we were proud to have provided a mezzanine facility to ThinCats to support lending to SMEs aff ected by the pandemic. Our loan helped unlock £400m of funding to cash-strapped small businesses. The private debt industry’s approach to the
forgotten S also extends to how we operate as a company. Every business has an important role to play in bettering, and giving back to, the society in which they operate. During the Covid pandemic, we supported
two amazing causes. The fi rst was Paperweight, a nationwide
charity helping support people with the burden of household paperwork and bureaucracy. We also partnered with a local school, many
of whose families did not have laptops or paid-for internet. We provided both of these facilities, ensuring children could continue learning during lockdown when the schools were shut, and teaching moved online. We are also hugely proud of Anna, our
Polish fi nance manager, who has been co-ordinating eff orts in supporting Ukrainian refugees who are arriving in Poland. Anna’s local town quickly became a base for hundreds of families, and through her incredible work she has helped over two hundred refugees. Uniting around the S in ESG serves as a
powerful reminder that private debt is not just about competition. Ultimately, fi nance underpins so much innovation and progress in the world; we therefore need the industry to collaborate and be moving in the same direction, rather than competing – especially around social issues. Better collaboration can help us all achieve the shared goal of making the world a better place.
In Focus
The private debt industry’s approach to the forgotten S also extends to how we operate as a company. Every business has an important role to play in bettering, and giving back to, the society in which they operate
The industry’s primary priority will always be to generate steady returns for its investors, but this need not be at the detriment of our responsibility to the society. Generating consistent returns whilst lending to and supporting fi rms making a genuine diff erence is not just compatible but is at the core of how the industry should approach lending. CCR
May 2022
www.CCRMagazine.com
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