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Student accommodation lender launches

Kinetic Capital Limited has launched, a specialist lender in the purpose-built student accommodation (PBSA) sector.

The business will initially focus on the UK and Ireland, though there are plans to expand internationally.

Kinetic Capital is led and co-founded by Steve Grant and Nicholas Porter, who were chief executive and founding chairman of the Global Student Accommodation Group.

£100m has been committed to the platform.

Steve Grant, chief executive, Kinetic Capital, said: “As the only specialist PBSA lender, Kinetic Capital has an unrivalled ability to assess and underwrite PBSA transactions. The business already has a strong pipeline and we are also seeing good demand from investors looking to gain exposure to a focused debt vehicle with an expert manager.

“The resilience of higher education continues to underpin the PBSA market, providing for strong demand and growth in the sector. Investor appetite for secure, high yielding revenue streams supported by the growing global student population, translates to a positive outlook.”

“Market conditions combined with the robust nature of PBSA, present a clear opportunity for our strong team to scale the business, using its unique position to deliver significant value to both borrowers and investors.”