New hire

Kinetic Capital names new head of business development

Specialist PBSA lender Kinetic Capital, which launched in July this year, has appointed Nick Cussen as its new head of business development.

Nick joins Kinetic Capital from NatWest where he spent the past 14 years, primarily responsible for PBSA clients, originating in excess of £1.5bn of loans. 

He brings a wealth of experience to the lender, having led on a broad range of facilities ranging from £10m to £500m.

In his new role, Nick will primarily focus on deal origination and managing core customer relationships to deliver the lender’s growth plans.

The appointment completes the senior leadership team alongside co-founder and CEO, Steve Grant, and director of credit, Ben Lynch — who joined the business earlier this year.

“Nick’s banking experience, coupled with his knowledge of the PBSA sector, is a significant addition to the team and aligns to our growth ambitions,” said Steve.

“Nick and I will work closely together on securing new opportunities with high quality sponsors to add to our growing transaction pipeline”. 

Kinetic Capital — which will primarily focus on the UK and Irish PBSA markets, with plans to expand internationally — launched earlier this year with an initial £100m commitment.

It is the company’s vision to be the leading provider of PBSA financing globally.

The lender will offer whole loans, mezzanine debt, bridging finance, and preferred equity, lending against development or investment properties. 

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