Our Founders

Experienced team with a proven fund finance track record

Head shot of Neno Raic - CEO of No Limit Capital

Neno
Raic

Co-Founder and Chief Executive Officer

Neno is responsible for the overall management of NLC and investor relations. Prior to forming NLC, Neno was Head of Investec’s Fund Solutions Sales and Distribution.

In this capacity, Neno built Fund Solutions fundraising capabilities, raising first institutional capital in 2018 and over three years scaled the business to over €3bn of third-party capital. During his time at Investec Neno also grew fund finance loan distribution by more then 20 times, from €200m to over €4bn. Neno was part of Fund Solutions investment committee.

Prior to becoming the Head of Fund Solutions Sales and Distribution, Neno was part of Investec’s New York Fund Solutions team responsible for origination and structuring of fund financing loans.

Originally from Croatia, Neno moved to New York to attend university. Neno started his career at Lloyds Banking Group, where he worked in financial institution team focusing on Fund Finance.

Neno holds Bachelor of Business Administration from Baruch Zicklin School of Business.

Slade
Spalding

Co-Founder and Chief Investment Officer

Slade is responsible for leading and managing GP relationships with over 15 years of private equity and banking experience.
 
Prior to co-founding NLC, Slade was Co-Head of Capital Call Financing and the Head of GP Financing at Investec’s Funds Solutions team. Slade was one of the original members to join Investec’s Fund Solutions team and during his time ran and executed over €5.5bn of fund finance transactions globally across 30 fund managers and 45 funds including capital call, secondaries, GP led, NAV, and GP financing.
 
Slade formed part of the Fund Solution’s investment committee and was instrumental in originating and developing deep client relationships which drove turnover growth by more than 8 times and saw the team increase from 4 to over 20.
 
Slade started his career in South Africa and moved to the UK in 2008 as part of Investec’s treasury team to build out the institutional deposit base.
 
Slade holds a Bachelor of Information Systems from Bond University and is a Chartered Management Accountant.
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