BBB and NatWest back UK lender Capital on Tap with £200m

The £200 million backing from BBB and NatWest for UK lender Capital on Tap signals strong institutional confidence in alternative credit providers within the middle market. This sizeable capital injection highlights the growing role of non-bank lenders in filling financing gaps, particularly as traditional banks remain cautious. For middle-market credit professionals, it underscores the importance of monitoring partnerships between public and private capital sources that can reshape lending dynamics and influence risk appetite across leveraged finance portfolios.