Charter HCP passes £250m mark in bridging and development cases

Corporate Finance House Charter HCP has passed the £250m mark in bridging and development cases for the year, the firm has revealed.

Charter HCP, which has two US funding lines, said it has continued to lend without too much change to its process or criteria despite the alterations in market conditions.

Terry Pritchard (pictured), CEO of Charter HCP, said that its family offices have been pleased with the results and mandated Charter to have full control of their asset portfolio and their lending well into 2023.

It has been confirmed that their funding line for white labelling will also be extended to work as a distressed portfolio/single asset fund.

Tom Pritchard, COO at Charter HCP, said: “We will be looking to increase our fund size for this part of the business and syndicate the loan book purchases with a number of smaller family offices with similar interests.”

Earlier this year Charter HCP signed an agreement with a large South African group to act as a custodian to their business in the UK, making them one of the larger corporate finance introducers and due diligence offices in Europe.

Charter HCP has also been helping senior figures in Ukraine plan their investment strategies for the foreseeable future and post-war.

This follows the appointment of Inna Mietielieva as director of international business in Europe.

Mietielieva was previously a Deputy Minister within the Ukrainian Government and has also held other senior positions.