OakNorth, the digital bank for entrepreneurs, by entrepreneurs, have recently provided capital call facilities to two of Paloma’s funds.
The bespoke capital call facility from OakNorth will be deployed within the firm’s Paloma Real Estate Fund II , which has investments in 34 individual real estate assets located across the UK. Launched in September 2018, the fund is fully invested with 87% committed to the multi-let urban industrial/warehouse market.
About Paloma Capital: Founded by Joe Froud and Jack Pitman, Paloma Capital has raised over £450m of wholly discretionary capital in three value-add Funds since 2015, mainly from institutional investors in the UK, Europe, and the Middle East. The firm’s investment philosophy is founded on three key pillars; an acute focus upon mispricing, an entrepreneurial approach to capex-intensive asset management and a preference for the majority of its return to come from income.