Teesside Pension Fund
11 Belgrave Rd, London, Greater London, SW1V 1RB, United Kingdom
Overview
Teesside Pension Fund is the Local Government Pension Scheme (LGPS) for local authority.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- GB Bank
Participated · Equity · May 2024
GB Bank provides specialist funding and savings products focused on property projects for SME developers, investors and brokers. The bank offers lending up to £10m and up to 80% loan-to-value, with expanded buy-to-let, bridging, commercial owner-occupier and investment mortgage capabilities. It is expanding eligibility to foreign nationals, expats and portfolio landlords while increasing loan-size and product flexibility (capital & interest or interest-only). Since full banking authorisation in August 2022 the bank has approved more than £80m in loans supporting over 100 property projects and has attracted over £300m in deposits. The new investment will be used to boost lending capacity, expand teams and infrastructure, and almost double the workforce over the next 12 months. GB Bank is forecasting that the additional capital will allow it to grow lending to £500m in the next 12 months.
Team
No current team members are available.