Crestbridge, the C.I.-based administrator, has provided administration services through its UK operation to support the recent first close of Shard Credit Partners‘ inaugural technology-focused venture debt fund. The Venture Debt Fund I secured GBP16.5m (USD19.7m) in commitments from UK and European institutional investors, alongside UK technology industry entrepreneurs, and will make investments in senior secured loans with equity warrants to venture capital backed businesses in the B2B SaaS and fintech sectors across the UK. Crestbridge’s UK team supported the close and provided a range of services, including fund administration, investor onboarding, compliance, governance, and depositary services.
