UK - Morgan Stanley AIP invests £45m into Aldermore Bank

The investment follows AnaCap's acquisition of London-based Ruffler Bank in May, taking the total amount of new capital injected into the business to £80m. AnaCap will retain a majority stake in the bank, while Morgan Stanley AIP will have a significant minority holding.

The AnaCap and Morgan AIP investments will mean that Aldermore will have a Tier One capital ratio of approximately 40%. The two investors are backing a management buy-in team led by Philip Monks, who has held previous senior positions at Barclays Bank.

The new funding will be used to support the new management team as they attempt to grow the loan book and diversify product offerings across a range of asset classes, as well as expand the customer base and invest in more SMEs. AnaCap is hoping to grow the bank's balance sheet from £75m to £1bn in five years.

Morgan Stanley AIP is a private equity fund-of-funds that invests in AnaCap's buyout funds. The business manages in excess of $16bn in private equity, hedge fund, and real estate assets, as well as over $6bn in assets across primary and secondary interests in buyout, venture, special situation funds and in direct co-investments globally.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland