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Sunday, August 02, 2026

ThinCats Secures £75m Mezzanine Funding From CPP Investments

A leading alternative lender, ThinCats secures £75m mezzanine facility from CPPIB Credit Investments Inc, a subsidiary of Canada Pension Plan Investment Board (CPP Investments), unlocking additional capital to support the UK mid-sized SMEs.

The facility is the latest line of funding secured by ThinCats and reflects the credit quality of the UK mid-sized businesses ThinCats targets its lending. CPP Investments’ funding forms part of the £700m private warehouse launched in September 2023. That facility was one of the largest, dedicated funding lines with a non-bank lender for mid-market SMEs and currently has deployed £440m.

ThinCats saw a record level of deal origination in its financial year ending 30 July 2024, lending £378m to SMEs and continues to rank as the number one non-bank lender for M&A transactions in the UK.

Ravi Anand, Managing Director, ThinCats said “This funding from CPP Investments demonstrates the strong appetite from institutions to fund growing UK SMEs and is a testament to credit quality of ThinCats lending process. CPP Investments’ addition to ThinCats diverse range of funders brings ThinCats one step closer to its £2bn loan book target over the next few years.”

Ben Mason, Head of European Credit, CPP Investments said “CPP Investments is an active participant in private warehouse funding. We are pleased to be able play our part in funding UK economic growth through ThinCats’ platform.”

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