Acenden has boarded a new portfolio of second lien loans which was acquired by a fund advised by AnaCap.
This new portfolio represents the fourth mortgage book boarded by Acenden in the last 12 months having successfully migrated three Irish portfolios in September 2014, April & May 2015 totalling close to €1 billion.
This new portfolio of loans takes its total assets under management to £5.4 billion.
The new portfolio consists of approximately 4,600 UK regulated second lien loans which will be administered out of Acenden’s High Wycombe office.
Alex Maddox, business origination director at Acenden, said: “We are delighted to bring a new client on to our platform which adds to Acenden’s track record for providing loan servicing and asset management to investors who are active in the UK mortgage market.”