In brief: Precede Capital becomes a B Corp

The real estate lender has followed its backer TowerBrook Capital Partners in achieving the certification.

Real Estate lender Precede Capital has achieved B Corp certification, according to a statement.

B Corp status is an independently verified certification of a company’s sustainability credentials: it is administered by B Labs, a US non-profit, which measures the impact of companies’ operations on the “environment, communities, customers, suppliers, employees and shareholders” using its B Impact Assessment Tool. Companies must achieve a score of at least 80 in order to be certified. The firm did not disclosure its score, though it is expected to be made available on B Lab’s website shortly.

Precede Capital launched in 2021 with the backing of fellow B Corp TowerBrook Capital Partners. The firm had undertaken £1.6 billion (€1.9 billion; $2.0 billion) of loans as of August last year.

B Corp certification has been conferred on several private markets firms including Astanor Ventures, BGF, Verdane, Helios Investment Partners, Summa Equity, Atomico, Ambienta, Abris Capital Partners and Newcore Capital.