Precede Capital is pleased to provide more detail on the specialist team it has assembled to deliver effective financing solutions to real estate developers for projects across the UK. Led by Randeesh and Daljit Sandhu, CEO and COO, and Karen Dunstan, General Counsel, Precede Capital’s highly experienced team comprises real estate finance, private equity and banking professionals and has enabled the firm to build and quickly progress an active pipeline of transaction opportunities from the outset.
Precede Capital’s Credit team includes David Jerrard as Chief Credit Officer, Mark Crader as Credit Committee Member, Boris Rumak as Credit Director and Val Tongo as Senior Associate, Credit. David brings over 25 years’ banking experience and over 15 years’ experience in real estate finance to the role. Mark was a founding partner of Grainmarket Asset Management and has a proven track record of developing mid-sized residential schemes in London and the home counties. Boris previously served as a Senior Vice President at Hudson Advisors and, to date, has overseen acquisitions of over £10bn in real estate assets and non-performing loan portfolios across the UK and Continental Europe. Val has joined from ICG PLC, where he worked as a Real Estate Associate and gained significant transactional experience in UK residential and mixed-use developments
The firm’s middle- and back-office professionals include Stefano Zucca Marmo as Chief Finance Officer, Karen Dunstan as General Counsel and Sandra Dewar as Personal Assistant. Stefano has 24 years of financial experience across North America and Europe and previously worked as Head of Finance and Tax at Rockspring, which manages £8bn of assets. Karen is a seasoned senior legal counsel specialising in a variety of financing techniques including syndicated lending, property finance, funds finance and acquisition finance. Karen has significant experience in corporate transactions including M&A, joint ventures, fund structures, loan syndications and sub-sales. Sandra previously held supervisory and support roles at Mace Macro, Urban Exposure Plc and Hayes.
The Board of Directors is chaired by Frank Strauss and Susan Geddes acts as Director and Credit Committee Chair. Frank is a seasoned financial services executive with 30 years’ experience and was formerly Global CEO, Private and Commercial Banking on Deutsche Bank AG’s Management Board. Susan was formerly Managing Director, Structured Real Estate Finance at Santander UK Corporate Banking and Managing Director, Head of Structured Finance with Alvarium RE and spent 19 years at Bank of Scotland, latterly as Head of Real Estate Finance. They are joined by Joseph Knoll and Denis Nayshul, Managing Director and Senior Principal respectively at TowerBrook Capital Partners.
Commenting on the appointments, Precede Capital COO Daljit Sandhu said: “We are delighted with the excellent team we have curated from day one. We have an ambitious business plan, coupled with a uniquely forward thinking purpose-led approach. It was essential we assembled a highly experienced team early on to ensure we provide our borrowers and investors with the service and experience of an established lender. The new team share our values and have an outstanding track record of structuring capital for a wide range of real estate assets and large, complex transactions in multiple jurisdictions.”