Daljit founded Precede Capital (then Précis Capital) in 2021, alongside Randeesh Sandu and Karen Dunstan.

She has been instrumental in both building the platform — which has secured the backing of two blue-chip institutional investors — as well as assembling a team which has arranged £1.7bn in development loans to date.

Daljit has also orchestrated Precede’s drive towards purpose-led lending, leading the development of the firm’s ESG strategy by designing proprietary ESG screenings for borrowers and assets, and an innovative green loan offering to incentivise sustainable construction.

She will retain her shareholding in the business.

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Precede has agreed terms with a new COO — who will be announced in due course — who will start the role in early 2024. 

Daljit commented: “I am immensely proud of everything we have achieved since we first launched the platform over two years ago.

“In that time, we have provided significant capital to high-quality real estate projects across the UK [and] I would like to thank our investors and borrowers for their support.

“Our success to date has been founded on the hard work and dedication of our exceptional team, and I look forward to seeing the business continue to go from strength to strength.

“The time has come for me to explore wider private market opportunities, such as my longstanding interests in private equity, venture and tech.”

Randeesh added: “Daljit has made an enormous contribution to [our] creation and evolution.

“The board and team wish her the best for the future as she looks to pursue other opportunities.”