An investment firm launched by former executives from Investec and JP Morgan has done its second financing deal, three months after its first.

Grovepoint Credit, the credit arm of Grovepoint Capital, launched in 2013. Grovepoint Capital was founded in 2010 by Bradley Fried, who was previously chief executive of Investec Bank and Leon Blitz, who was previously head of direct investments and growth and acquisition finance at Investec Bank. They brought in Peter Jaffe, who previously ran the restructuring group for Europe, the Middle East, Africa and Asia Pacific at JP Morgan and Dennis Levine a co-founder of Burdale Financial to run the credit business in 2013.