Target Group Limited has secured investment from the RBS Special Opportunities Fund to support its growth plans.

RBS Special Opportunities Fund is a discreet £1.1 billion third party fund that provides a broad range of supportive capital and is managed by the Equity Finance division of RBS Asset Management Limited.

Target says its business remains focused on the financial services sector, providing loan and structured savings outsourcing solutions, and hosted and licenced software solutions. The additional capital invested in the business will facilitate continued growth through systems and service development.

Grant Hawkins, previously executive chairman, takes a new role as a non-executive director and retains a material shareholding in the business.

James Rudolf, group managing director, Target Group, said: “This investment marks the start of another exciting chapter for Target which will benefit both existing and new customers.””