Direct mandates deployed
£84,547,000
6 bilateral mandates · £101,900,000 committed
Funded via note pools
£86,369,391
3 Tranched series
Total funded
£170,916,391
Reconciles to AuM £170,916,391
Undrawn mandate capacity
£17,353,000
Available for allocation
Funding sources
Layer 1 — named bilateral mandates · Layer 2 — Tranched note pools
| Source | Type | Committed | Funded balance | Share of book | Net yield |
|---|---|---|---|---|---|
| Direct lender mandates | |||||
| Northgate Capital Partners | Institutional | £42,000,000 | £36,120,000 | 21.1% · 86% drawn | 8.90% |
| Cavendish Income Fund | Institutional | £28,500,000 | £22,515,000 | 13.2% · 79% drawn | 8.60% |
| Selwyn Nominees | Family office | £12,000,000 | £10,920,000 | 6.4% · 91% drawn | 9.40% |
| Ravensworth LLP | Family office | £8,400,000 | £6,216,000 | 3.6% · 74% drawn | 9.10% |
| Brightwater Trust | Charitable trust | £6,200,000 | £4,216,000 | 2.5% · 68% drawn | 7.80% |
| Ignite Nominee Pool | Nominee (professional investors) | £4,800,000 | £4,560,000 | 2.7% · 95% drawn | 9.50% |
| Tranched note pools — balances funded by notes issued against the loans | |||||
| Tranched Series A notes | Note pool · Revolving | Revolving | £38,002,532 | 22.2% of book | 8.20% |
| Tranched Series B notes | Note pool · Revolving | Revolving | £28,501,899 | 16.7% of book | 8.80% |
| Tranched Bridging Pool 2026-1 | Note pool · Ramping | Revolving | £19,864,960 | 11.6% of book | 9.30% |
| Total funded | Both layers | — | £170,916,391 | 100.0% of AuM | 8.76% |
Funded balances reconcile to assets under management of £170,916,391. Net yields sit below the weighted average borrower rate of 9.32% — Ignite retains a 1.20% servicing spread plus origination margin between the two. Assumption to confirm: the Ignite Nominee Pool is modelled as whitelisted professional investors only, not a retail offer.
Tranched integration
Outbound API and webhook surface
POST/loans/assignment
Loan assigned to note pool
POST/loans/{id}/performance
Daily position & arrears state
GET/borrowing-base
Eligible collateral snapshot
POST/events/repayment
Receipt allocated in ledger
POST/events/default
Facility entered recoveries
GET/reconciliation
Positions agreed with note register
Primary auction
Facilities open for allocation
Kelverton Trading
BLN10000 · Asset Purchase · 9.75%
Pentland Developments
BLN10002 · Growth Capital · 8.50%
Eastgate Technologies
BLN10003 · Refinance · 7.25%
Verwood Foods
BLN10004 · Management Buy-Out (MBO) · 9.75%
Secondary market
Loan parts listed for transfer
| Part | Facility | Size | Coupon | Net rate | Price | Yield to buyer |
|---|---|---|---|---|---|---|
| BLN10014-P1 | Redhills Holdings | £90k | 8.50% | 7.30% | 1.002 | 7.29% |
| BLN10016-P2 | Oakhaven Industries | £41k | 7.25% | 6.05% | 0.994 | 6.09% |
| BLN10017-P3 | Quarrymill Systems | £64k | 7.25% | 6.05% | 1.000 | 6.05% |
| BLN10018-P4 | Brackenhill Retail | £40k | 8.50% | 7.30% | 0.987 | 7.40% |
Transfers settle in the ledger as a change of attribution — the borrower position is untouched and the audit trail is continuous.