Foresight provides £40 million senior debt facility to leading SME stock funder Revolve

• Funding will be used to support the Company’s growth, enabling it to support SMEs across the UK
• This announcement follows Foresight’s launch of its third Business Relief product
• This takes Foresight’s committed capital to the specialist lending sector to over £570 million

Manchester: Foresight Group (“Foresight”) a leading regional private equity, private credit and real assets manager, has provided a £40 million senior debt facility to Revolve (the “Company”), a leading provider of stock and working capital loans to UK small and medium-sized enterprises (“SMEs”).

Revolve (formerly Seneca Trade Partners), based in Manchester, offers short term revolving loans of up to £300k to SMEs to fund the purchase of stock or for general working capital requirements. Since the Company was founded in 2016 by an experienced team of asset-based lending professionals, it has provided more than £250 million of stock finance to over 500 clients.

The new facility adds additional lending capacity and will position the Company to scale its loan book and provide much needed flexible financing to SMEs across the UK. 

Chris Divers, Director, Revolve, said: “Securing a £40 million funding line from Foresight represents a huge step forward for our business. We’re proud of the confidence Foresight has shown in our model and our momentum. This facility gives us the scope and the firepower to pursue our growth ambitions, we are aiming to double the size of the business within three years.”

Dan Lawson, Investment Director at Foresight Group, commented: “We are delighted to be partnering with the team at Revolve. Chris Divers, Chris Williams and Mark McGuire are highly experienced and have built a successful business over the last ten years by providing flexible funding to an underserved SME market. We look forward to supporting the Company in its next phase of growth.”

Foresight’s Private Credit strategy provides wholesale capital to specialist lenders across the UK & Ireland, offering structured senior or subordinated facilities across a wide range of asset classes.