Understanding the Negative Pledge Clause in Loan Agreements
- Mar 28, 2023
- 3 min
Understanding Venture Debt Funds: How They Differ From Venture Capital Funds
- Mar 27, 2023
- 4 min
PE Exit to Trade Buyer: A Comprehensive Guide to Maximising Returns and Managing Risks
- Mar 26, 2023
- 2 min
Understanding the Tail-Gunner Clause in Debt Advisory Firm Engagement Letters
- Jan 27, 2023
- 2 min
Understanding the Differences between Facility Agreements, Intercreditor Agreements, and Debentures
Langdon Capital is a trading name of Langdon Capital Limited, a company registered in England & Wales with company number 12600771 and registered offices at 71-75 Shelton Street, Covent Garden, London, WC2H 9FF.
Langdon Capital Limited's activities are not regulated by the Financial Conduct Authority (FCA) as they fall outside the scope of PERG 2.7 'Activities: a broad outline' of the FCA handbook or within its exemptions. Langdon Capital introduces business investees to debt and equity investors, with the output of such engagement being a decision by the investor to invest in the investee, not a transaction. Transactions are subsequently concluded directly between business investees and investors, without the involvement of Langdon Capital. The act of supplying information about business investees to investors does not imply, or extend to, making recommendations to potential investors and does not constitute the regulated activity of ‘Advising on Investments.’ Langdon Capital earns fees from business investees and may earn fees from debt investors. Langdon Capital only makes introductions to investors where the investees are individuals when exemptions to PERG 2.7 are met under the following conditions: (1) the introductions are made to debt investors in the context of commercial property loans; (2) loan proceeds are to be used for commercial purposes; (3) the loan amount is greater than £25,000; (4) if land is used as collateral for the loan, less than 40% of the land is used for dwelling purposes by the borrower; and (5) the borrower signs a declaration which provides that loan proceeds shall be used wholly for business purposes and that the borrower agrees to forgo the protection and remedies that would be available to them if the agreement were a regulated credit agreement.
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