UK-based investment manager Triple Point is expanding its partnership with US-based investment firm Faes & Co by providing additional funding for Faes & Co.’s real estate bridging finance platform, F2 Finance.
Launched in 2023, F2 Finance originates loans for property entrepreneurs and investors in the United States, covering 16 states, including California, Texas and Florida.
In 2024, Triple Point already backed the platform with a funding line and has now agreed to provide “significant additional funding and runway for further growth”.
While details around the funding were not disclosed, the parties say the expanded multi-year partnership also provides F2 Finance with the ability to increase individual loan limits and provides greater flexibility for lending against commercial real estate assets.
“Triple Point are experienced investors that have deep domain expertise in the asset-backed lending space, so the fact that they have chosen to significantly expand their commitment following a thorough review of our platform, speaks to the quality of what we have built,” said Christian Faes, chief executive at Faes & Co.
James Cranmer, managing partner at Triple Point added: ““As the asset-backed lending sector scales, long-term partnerships and disciplined capital matter more than ever […] We’re excited to continue building alongside Christian and the F2 team as they scale a platform defined by speed, flexibility, and disciplined execution – delivering high-quality financing solutions to real estate investors across the US.”
F2 Finance consists of 12 people based in Faes & Co’s California headquarters of Santa Monica. Last year, the platform also received funding from OakNorth.
In addition to F2 Finance, Faes & Co. also manages the Faes & Co Income Fund, a private credit fund for accredited investors, which invests in loans originated by F2 Finance.
