"Asset finance is fast becoming an important part of our clients’ ability to diversify their investment portfolios. "
- Charlie Jenkins, head of asset finance at SPF
SPF Private Clients has added short term luxury asset lender, Suros Capital, to its panel of introducers.
Having previously set up its Private Office facility to cater for wealthy clients in need of personal financial advice, SPF is building up its asset finance capability with Suros Capital's short term funding model backed by luxury assets.
Suros Capital recently announced that it has seen loans secured against art increase by 55% so far in 2024 compared to the same period in 2023, with artwork representing 40% of its current loan book.
Charlie Jenkins, head of asset finance at SPF, commented: “Asset finance is fast becoming an important part of our clients’ ability to diversify their investment portfolios. Our new relationship with Suros Capital means that when clients need to raise capital for any reason, personal or business, they now have a facility to borrow against luxury assets such as art, antiques, classic cars, fine wine and luxury watches. Suros Capital’s expertise in this area and the speed with which funding can be arranged, provide SPF with a complementary service for any of our clients wishing to leverage assets to raise short term capital with the minimum of fuss.”
Ed Blackmore, business development director at Suros Capital, said: “We are delighted to partner with SPF. The rapid liquidity solutions we can provide to their clients through loans secured against their personal and business luxury assets, supplements their already outstanding offering. Our watchwords at Suros Capital are speed of fulfilment and complete discretion. We have already started receiving funding enquiries from SPF, including two secured by a fine art collection and a supercar and are looking forward to a mutually beneficial relationship.”
