Future Fund to invest in start-up UK lender
06. Sep, 2010
According to the Sydney Morning Herald, “The taxpayer-backed Future Fund is turning its sights to the troubled British banking industry, investing in the country’s largest new lender to start up since the global financial crisis. The fund joined the high-profile financiers Lord Rothschild and Sir Ronald Cohen in a deal to invest €450 million ($633 million) in Haymarket Financial, which will specialise in lending to medium-sized businesses, London’s Sunday Telegraph reported.
Investors have tipped a total of €1 billion into HayFin, as the new lender is known. The bank will target businesses worth between €100 million and €500 million.”
Read more: Sydney Morning Herald
