Suros Capital expands its intermediary team
“I am particularly keen to demonstrate how an individual’s assets can fund investment opportunities as they arise.”
Asset-backed luxury lender Suros Capital has appointed Charles Hodge as director of business development to build relationships with intermediaries and companies involved in providing procurement services to high net worth individuals and families.
Charles was the founder of Quintessentially South Africa in 2004 and upon his return to the UK in 2010 he started consulting for family and private offices specializing in lifestyle management and luxury asset acquisition . He was also vice president of luxury asset lender Borro.
Suros Capital was launched in November 2020 and lends exclusively through intermediaries. It provides short term loan facilities specifically for people looking to raise funds quickly, secured by luxury assets such as jewelry, fine art, watches, luxury and classic cars and fine wines. .
He said: “I am delighted to join Suros Capital and bring their proposition to the HNW intermediary community. Suros represents a tremendous opportunity for individuals to quickly generate funds for acquisitions or to pay for unforeseen financial calls requiring immediate settlement. However, I am particularly keen to demonstrate how an individual’s assets can fund investment opportunities as they arise. Many of these opportunities require investors to act quickly. Funding efforts with banks may take too long or be rejected out of hand for those who are temporarily cash-poor but have strong assets. Using the Suros facility means that short-term financing can be put in place as quickly as an asset appraisal can be arranged and then repaid over the life of the loan. “
Suros Capital Director Ray Palmer added: “We are delighted to welcome Charlie to Suros. His experience in financing and sourcing luxury assets for the HNW sector and an impressive list of intermediary contacts, combined with his passion for providing a personal hands-on service, can only benefit Suros Capital and our partners. customers as we build on our successful launch last November. year.”