Pivot has secured a £70m funding commitment from Foresight Group and Quilam Capital. This investment will enable Pivot, known for providing short-term real estate loans since 2012, to expand its lending services. Foresight Group is contributing senior debt, with Quilam Capital offering junior capital and equity.
Pivot’s services span various stages of property development, including bridge loans and development finance. The new funds will help the company grow its loan book and further diversify its offerings.
Shahil Kotecha, CEO of Pivot, said: “The affiliation with Quilam is more than a typical lender-borrower relationship… This partnership approach, and new support from Foresight, gives the business fantastic funding runway to support that market over the coming years and scale the Pivot platform.”
Quilam Capital, an investor in Pivot since 2020, has deepened its commitment with a further £40m.
This investment will enhance Pivot’s technology and product range. Alex Scott, director at Quilam Capital, noted the significance of the investment for the platform’s growth.
Foresight Group, with its focus on sustainability-led alternative investment, has provided Pivot a Senior Revolving Credit Facility. This move supports the SME development finance market. Oliver Bates, Senior Private Debt Manager at Foresight, highlighted Pivot’s impressive lending model and commitment to the SME developer market.
