Tosca Debt Capital (TDC), the only regionally-based and focussed private debt fund, has recruited a senior executive assistant and office manager to support the team’s 2023 vision of reaching a £1billion fund.
Ria Cajee joins the Manchester-based business to assist its team of experienced credit and relationship fund managers, which grew by a third during the last 12 months. Her extensive experience includes providing high level business and personal support to a number of senior executives across publicly listed and privately owned companies in the North West of England and London. She brings a wealth of experience across property, financial services and retail sectors.
Since launching in September 2015, TDC has raised funds of c£330million and invested £168million into 15 regional SMEs across the North of England seeking funding to support strategic growth plans.
During the last 12 months, the business delivered eight transactions totalling more than £100million, completed three successful exits and raised a £237.6million Fund II, which attracted significant new institutional investors, including British Business Investments, the commercial arm of the British Business Bank and Strathclyde Pension Fund.
Gary Davison, partner at TDC, said: “Ria brings an excellent track record of supporting senior executives and businesses throughout different stages of growth and her experience across varied sectors is highly valuable for our increasingly diverse investment portfolio of regional SMEs.
“Our strengthening team further demonstrates our commitment to support regional businesses to achieve their ambitions. Having laid a solid foundation, it is an exciting time for TDC as we enter our next phase of growth and continue with our 2023 strategic growth plan, which will deliver much needed investment to drive the northern economies and create new jobs.”
Ria added: “I’m excited to be part of a business that’s still in its infancy and with such ambitions. TDC has found its niche and the funding that the team delivers helps to make a real difference to the health and wealth of the northern region.”