Investment group Triple Point has lent Blackpool-based debt firm Perch Group £55m as part of a £400m funding package to support the company’s growth.

Triple Point joins a lending group that includes NatWest Group, Hampshire Trust Bank, Shawbrook Bank, Paragon Bank and Lloyds, while Quilam Capital remains an investor in the business.

Read more: Triple Point further backs UK bridging lender Red Kite

“Perch is a genuine UK growth story, built outside London into one of the country’s leading credit management platforms with a ten-year track record,” said Ellis Diamanti, head of speciality finance at Triple Point.

“We’re pleased to support the business as it enters its next phase of development and look forward to working closely with the team to help deliver its long-term strategic objectives.”

Read more: Triple Point provides Plend with credit facility of up to £50m

Founded in 2016, Perch buys, collects and manages consumer and commercial debt across the entire debt lifecycle, with assets under management of more than £2.5bn.

Fieldfisher advised Perch Group, Hunton Andrews Kurth advised Triple Point and Ashurst Perkins Coie advised the senior lending syndicate.

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