In June 2019, PCP IV provided a ten-year GBP 25 million subordinated loan to Arbuthnot Banking Group PLC, a UK based private and commercial banking group. The loan will be classified as Tier 2 for regulatory capital purposes. The proceeds will support the continuing long-term growth of the Group and in particular its bank Arbuthnot Latham & Co., Limited.
Arbuthnot Latham was originally founded in 1833 and offers private and commercial banking solutions, wealth planning and discretionary investment management service. The Group is listed on the Alternative Investment Market on the London Stock Exchange and is majority owned by Sir Henry Angest.