Bain Capital Credit has agreed a funding line of up to €183 mln to Linus Digital Finance (Linus), a publicly listed real estate fintech business, as part of a broader strategic partnership aimed at accelerating the growth of Linus' real estate financing business in the UK and Germany.
A German senior bank is also participating in the credit line.
The proceeds will be used to further accelerate Linus’ financing operations in the UK and Germany, focusing on the mid-market real estate segment.
‘Linus’ business model and in-depth market knowledge of its team, coupled with sound underwriting demonstrated by the historical portfolio performance, are compelling. We are pleased to partner with Linus to support their growth trajectory as part of our broader European real estate investment portfolio,’ said Fabio Longo, managing director at Bain Capital Credit.
Beyond the funding line, Bain Capital Credit and Linus also plan to work on strategic initiatives, such as expanding the investment footprint to other European markets, following the successful launch of Linus’ digital platform in the UK this year.
‘This exciting partnership with Bain Capital Credit is further proof of the value institutional investors see in our business model and deals. It is another important milestone for us in becoming the leading real estate fintech business in Europe,’ said David Neuhoff, the founder and CEO of Linus.
