Pemberton and Santander partner on inventory finance business
European private credit manager Pemberton Asset Management and Santander Corporate and Investment Banking have jointly launched a business focused on supply chain inventory finance.
Leveraging Santander’s trade finance experience alongside Pemberton’s non-bank working capital solutions, Invensa looks to aid the shift from ‘just-in-time’ to ‘just-in-case’ supply chain models, enabling operationally efficient, flexible inventory financing and management at large scale.
The launch is subject to relevant regulatory approvals.
Read more: Pemberton confirms first close at over $1bn for NAV financing fund
Global events such as the pandemic, geopolitical tensions and an evolving macroeconomic environment have increasingly led to companies of all sizes looking to ensure greater resiliency in the supply of goods and raw materials.
“The partnership between Santander and Pemberton brings together two firms at the vanguard of their respective markets,” said Pemberton chief executive Symon Drake-Brockman. “The combined offering strategically positions us to deliver innovative inventory management solutions that address the evolving needs of companies and their supply chains worldwide.”
Read more: Blackstone buys into Santander’s $1bn infrastructure loan portfolio
Santander CIB global head and senior executive vice president of Santander Jose Linares added: “As a leading bank in the trade and working capital space it is important for us to be able to offer the full range of solutions to manage the end-to-end working capital of our clients of which inventory is a very relevant part.
“We have been facilitating third-party leading inventory finance solutions to our clients during more than 10 years and this partnership with Pemberton enables us to serve our clients as a long-term partner and deliver an increasingly business critical solution”.
Read more: Monroe works with White House to fund US automotive market
