RoundShield Partners exits Puma funding line

Investment firm RoundShield Partners has exited a £200m funding line deployed by Puma Property Finance to channel money to SME developers. The two parties had been working together since 2018 to offer stretch senior development loans, pre-development bridge finance for site acquisition and post-development exit finance. RoundShield advanced 14 loans via Puma against £370m of assets, with individual loans at between £3m and £30m in sectors including care homes, student housing, retirement living, residential and light industrial schemes across the UK. RoundShield has fully exited all loan positions and Puma has bought back RoundShield’s minority equity stake in its own business. Puma Property Finance founder and chief executive David Kaye said: “Securing our first institutional capital from RoundShield was integral to our success in growing the business substantially over the last five years and creating a strong platform for further growth. “We would be delighted to work with RoundShield again.”