RCS - Alpha Group Intl PLC - Launch of Fund Finance Intermediary Solution

Alpha InternationalAnnouncement

10/05/2023 07:00

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RNS Number : 8327Y  Alpha Group International PLC  10 May 2023

10 May 2023

Alpha Group International plc

("Alpha" or the "Group")

Launch of Fund Finance Intermediary Solution

Alpha Group International plc (AIM: ALPH), a leading provider of financial
solutions dedicated to global corporates and institutions, is pleased to
announce the launch of a new fund finance intermediary offering as part of its
growing range of solutions for the alternative investment market.

The global fund finance market is sizeable and growing, with funds typically
borrowing from bank and non-bank lenders via short-term revolving credit
facilities in order to optimise liquidity and returns throughout key stages in
their fund's lifecycles.

Accessing fund finance is typically a time-consuming and resource-intensive
process, and with an eco-system of over 200 bank and non-bank lenders
globally, securing the right lender on the best possible terms can be a
daunting task for fund managers. Furthermore, even once a lender has been
identified, the process of structuring a loan, agreeing and underwriting
terms, engaging legal teams, and onboarding is significant, with management
estimating that, end-to-end, the process can take over 300 man-hours per
facility whilst also incurring significant costs.

Alpha's solution aims to overcome these challenges by providing borrowers with
a better way to access and manage their fund financing. By leveraging the
team's experience and Alpha's technology, Alpha will provide an end-to-end
'modular' service, tailored to each borrower's specific requirements. This
will include matching and introducing them to the right lenders, all the way
through to helping structure their ideal funding product and overseeing the
execution of their facility.

Lenders meanwhile will benefit from fast access to a large and growing pool of
pre-qualified borrowers and streamlined administration of their loans, with
the Group already holding relationships with over 800 fund managers through
its existing origination engine.

The fund finance team will operate from Alpha's new alternative banking HQ in
Paddington, London and is being led by Adam Heaysman (MD, Debt Structuring)
who joins the company with over 25 years' experience in private equity and
fund finance, the last eight of which have been as Director and co-founder of
the Fund Finance division of Raiffeisen Bank International, AG. By combining
Adam's experience in fund finance with Alpha's strong track record of
origination and technological innovation in the alternative investment
industry, the team will provide a fund finance intermediary business that
provides more effective access and administration of the fund finance market
for all participants.

Speaking on the solution, Sam Marsh, Managing Director of Institutional, said:

 

"From our time working in the alternative investment industry, we've become
increasingly aware that, whilst there is strong appetite from borrowers and
lenders for fund finance, there is also considerable difficulty and complexity
involved in bringing the two together. Given the diversity of borrowing needs,
we also realised that it's not possible for one provider to cater for everyone
adequately and independently. With that in mind, the idea of creating a
solution for connecting the right borrowers with the right lenders and
streamlining the entire process was born. With Adam and the team's experience
in the fund finance market, combined with Alpha's scale and expertise, we're
now in an excellent position to make this happen."

 

Enquiries:

 

 Alpha Group International plc           via Alma PR
 Morgan Tillbrook, Founder and CEO
 Tim Powell CFO

 Liberum Capital Limited                 Tel: +44 (0) 20 3100 2000

 (Nominated Adviser and Sole Broker)
 Max Jones
 Ben Cryer
 Kane Collings

 Alma PR (Financial Public Relations)    Tel: +44 (0) 20 3405 0205
 Josh Royston
 Andy Bryant
 Kieran Breheny

 

Notes to Editors

Alpha is a high-tech, high-touch provider of enhanced financial solutions
dedicated to corporates and institutions operating internationally. Working
with clients across 50+ countries, we blend intelligent human capabilities
with new technologies to solve complex problems across three key areas: FX
risk management, global accounts and mass payments.

Key to our success is our team - nearly 300 people based across seven global
offices, brought together by a high-performance culture and a partnership
structure that empowers them to act as owners of our business.

Despite being an established business listed on the London Stock Exchange, we
remain relentlessly focused on maintaining the same level of operational
agility and client focus we had when we first started in 2009. This dynamic,
combined with the passion of our people, have enabled us to make a substantial
and enduring difference to our clients, and deliver a growth story to match.

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