The company raised £4.5mln from investors over the summer, with a large chunk of that having now been lent out.
“We are very pleased with the number of investment opportunities that have been made available to us and we are confident of being able to deploy the capital that we have raised earlier in the year,” said chairman Nicholas Lee.
As a result, the majority of Paternoster’s portfolio is now made up of income-generating investments arranged by its advisor, RiverFort.
Many of these investments include warrants in the underlying investee companies, as Paternoster looks to increase its scope to benefit from the firms’ future equity performance.
That is on top of the income it receives in the form of interest payments, fees and debt principal repayments.
Paternoster shares were down 2.4% to 0.1p on Wednesday afternoon.