Shanks joins NLC

Ian Shanks has joined No Limit Capital (NLC) as senior adviser and chair of the investment committee.

Shanks is best known for setting up Bank of Scotland’s (now part of Lloyds Banking Group) fund financing business back in 2000. Shanks has since held a number of senior positions within the funds equity and debt markets culminating in setting up Aberdeen Standard’s (now ABRDN) fund finance platform backed by Phoenix in 2018.

Neno Raic, founding partner at NLC, said: “We’re very excited to add Ian to our team. Ian brings a wealth of market knowledge and a very unique skill set, having set up fund finance lending platforms both within a bank and an asset manager. We look forward to working with Ian and leveraging on his extensive experience as we continue to grow our client universe and offering for private capital funds.”

Shanks added: “I am delighted to have been asked to join NLC and chair its investment committee at a very exciting time in its growth and development. The NLC team already has a strong foundation of deal execution and fundraising. I look forward to working with the team, by helping them leverage my own experience and knowledge of building and creating teams as well as an investor base across the same market over the last 25 years.”