Press Release
LendInvest founder launches fintech investment firm in the US
LendInvest co-founder and chairman, Christian Faes, has recently moved to the United States to launch a new investment firm. The new firm will focus on building and investing in technology-enabled direct lending businesses, alongside a private credit fund that it will manage.
Based out of Los Angeles, Faes & Co will look to build on the experience of its founder, and develop businesses where there is a competitive advantage to be gained by providing finance to customers in a technology-enabled, modern and agile way. The firm is also launching a flagship private credit fund, the Faes & Co Income Fund, which will invest in the proprietary deal flow originated by the businesses that the group incubates and scales.
Christian Faes co-founded LendInvest out of the financial crisis in 2008, and built it into one of the largest non-bank mortgage lenders in the UK. The company listed on the London Stock Exchange in 2021, and Christian remains a major shareholder and chairman. LendInvest is widely regarded as a leading fintech company, and has approximately £3.7 billion in funds under management.
In addition to building LendInvest, Christian has been involved with a range of investments in the fintech sector; and with building Onate, which is the largest bridging finance lender in Ireland.
Christian Faes, CEO, Faes & Co commented:
“I’ve learnt a lot from the long journey of building LendInvest, and in recent years investing in various fintech lenders, helping build Onate and the Fintech Founders group; and I’m looking forward to rolling this experience into the new firm as we build out our first US-focussed lender F2 Finance, and launch the Faes & Co Income Fund.
“When we started what would become LendInvest in 2008, it was a period of total market disruption, which turned out to be an opportune time to be starting out on that journey. In many respects the current market has a similar feel to it.
“The vast majority of financial services remains dominated by deeply entrenched incumbents that are burdened by legacy technology, people and processes. The new breed of entrepreneurs building finance companies today, are using technology and a modern approach, to provide customers with a far superior offering. I think this is in the early days of where this will go, and we want to build a firm that is an expert in building these businesses, backing great founders, and providing investors with superior risk adjusted returns from this transformation.”
About Faes & Co
Faes & Co is an investment firm that actively builds and invests in technology enabled direct lending businesses. The firm is also a private credit fund manager, with its flagship fund investing in asset backed loans originated by its group companies.
The firm’s team have been involved with building direct lending businesses in the UK, Ireland, Australia and the US; and these companies have over $4.7 billion in Funds under Management, and employ approximately 300 people.*
For information on our group, please visit www.faes.co and follow us on Twitter @faesandco and LinkedIn at www.linkedin.com/company/faesandco
For press enquiries, please email pr@faes.co
*As at May 31, 2023