Boost for new bank Aldermore as it clinches £36m fundraising

NEW bank Aldermore is set to grow after raising £36m of new capital.

Private equity firm Centerbridge Partners has acquired Tier 2 bonds issued by Aldermore, a homeowner and small business specialist set up by buyout house AnaCap and Morgan Stanley.

Aldermore chief executive Phillip Monks said: “The new funds provide us with the opportunity to do even more to champion Britain’s small businesses. Our strong capital position also enables us to look at a number of new product and service launches to further meet the needs of our customers.”

Last year Aldermore won a £62m equity investment from funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System, as well as AnaCap.