RBS International Depositary Services has been selected by Beechbrook Capital as the depositary for its latest Luxembourg fund, Beechbrook Private Debt IV Senior SCSp.
The appointment builds on the relationship between the two firms, following NatWest Trustee and Depositary Services securing the depositary role for Beechbrook’s UK SME Credit III fund earlier this year.
Beechbrook Capital is a specialist direct lender with investments in businesses across a range of industries in the UK and Europe. Its latest fund, Private Debt IV Senior, focuses on private equity-backed European companies with sales in the range of €10m to €150m and EBITDA of €2m or more.
Matthew Hiscock, Director of Alternative Funds at RBS International Depositary Services, commented: “We are delighted to assume the depositary responsibilities for Beechbrook’s Private Debt IV Senior fund. Having laid the foundations to work with Beechbrook as a new depositary partner earlier this year, we have further extended the relationship through our fast-growing Luxembourg offering.
“Our independence remains a key strength in our business credentials, where it allows clients to showcase a best-in-class model, as well as a clear separation from the role of the fund administrator and the critical oversight we provide as depositary.”