The Montello Income Fund will be operated by NCM Finance Limited (NCM) as of 1 February, 2011. NCM acts as operator to over 80 funds, including the UK FTF LP, a GBP200 million fund of funds investing in venture capital funds focussing on technology businesses and has the Secretary of State for Business, Innovation and Skills and the European Investment Fund as Limited Partners.
NCM also acts as fund administrator and fund manager to this and many other funds who invest in a range of assets classes eg property, technology, private equity, forestry and wine.
Managing director of Montello, Christian Faes, says: “The Montello Income Fund is the leading real estate bridging finance offering for investors in the UK, providing a superior return from a more conservative risk profile. We are excited to now have the Fund operated by an experienced operator such as NCM. As our business grows it is important for us to ensure that we work with an operator that has a proven track record and an excellent reputation.”
Managing Director of Montello, Ian Sutherland, adds: “The Montello Income Fund has now achieved a level of investment which has allowed us to significantly grow our loan portfolio, and provide very flexible short-term facilities for borrowers. We have now become the short-term lender of choice for savvy borrowers”.
