Leading non-bank business lender Banjo Loans has bolstered its capital structure through the subscription by certain funds under the management of Insight Investment into Banjo’s new mezzanine debt notes.
Insight Investment, a leading global investment manager with £619 billion in funds under management¹, replaces Banjo’s long-standing partner Aura, an Australian funds management company that has supported the lender’s growth for more than eight years.
“This marks an exciting new chapter in Banjo’s growth story,” said Guy Callaghan, CEO of Banjo Loans. “Aura have been a fantastic partner on our journey, and we thank them for their invaluable contribution. The transition to Insight represents a strategic evolution for our mezzanine funding lines.”
Banjo’s senior warehouse facility remains supported by a tier-one Australian bank, underpinning a strong and diversified capital base as Banjo scales to meet the growing funding needs of Australian SMEs.
Insight quote:
Shaheer Guirguis, Head of Secured Finance, Insight Investment, comments:
“Our strategy aims to target returns for our clients by investing their assets into carefully chosen opportunities which our team has identified as attractive, for example by providing funding capacity to established platforms like Banjo. We worked closely with the Banjo team to understand their requirements and look forward to developing this relationship. Collaborating with partners to provide financing solutions to Australian SMEs and FinTechs continues to be an important investment opportunity for our clients.”
¹As at 31 March 2025. Assets under management (AUM) are represented by the value of cash securities and other economic exposure managed for clients. Where the methodology defines it, some asset reporting focuses on cash securities only. Figures shown in GBP. Reflects the AUM of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL), Insight Investment Management (Europe) Limited (IIMEL) and Insight North America LLC (INA), each of which provides asset management services.
