PraxisIFM acts as administrator to new IPO

Posted: 12/01/2017

Financial services group PraxisIFM Fund Services (UK) has worked with RM Capital Markets (RM) on the initial public offering of RM Secured Direct Lending on the premium segment of the London Stock Exchange.
Gross proceeds of £50.3 million were raised following the issue.
The investment objective of RM Secured Direct Lending is to invest in a portfolio of secured debt instruments to UK SMEs and mid-market corporates. 

The company will target an annualised dividend yield of 6.5 per cent once fully invested.

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