ERC trademarks £1bn CreditStream funding programme
European Risk Capital (ERC) has filed to trademark CreditStream in the UK in order to distinguish the debt programme from “recent market entrants with similar trade names”.
ERC jointly sponsors the £1bn CreditStream debt programme with its affiliate CreditStream Trustees. The programme was established in April 2019 as a means of providing UK non-bank originator lenders with wholesale funding access to the alternative debt capital markets.
It is aimed at financing the balance sheets of asset-backed lenders comprising real estate finance companies, consumer and business lenders, and secured loan providers, among others.
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“The primary purpose of the trademark application for CreditStream is to distinguish its established, recognised brand in wholesale funding from recent market entrants with similar trade names yet fundamentally different business and scale, such as loan software platforms and portfolio management applications,” said Tony Gioulis, ERC’s managing partner.
“CreditStream focuses on transacting with UK non-bank originators in terms of substantial, committed growth funding and enabling them to access enhanced leverage at a competitive, risk-adjusted cost of funds, underpinned by our institutional investor base and its broad risk/return credit profile.”
In early 2020, the CreditStream debt programme doubled its minimum loan size from £10m to £20m, in response to increased competition in the mid-sized loan space. The maximum loan size is £100m.
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