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Peer2Peer Finance News | June 26, 2019

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Andrew Adcock

Tributes paid as former Victory Park Capital fund chair dies

January 29, 2019 |

THE former chair of Victory Park Capital Specialty Lending (VSL) has passed away.

Andrew Adcock had stepped down from the fund last month to focus on recuperating but remained on the board.

“It is with deep sadness that we make … Read More

Victory Park Capital fund’s chair steps down for health reasons

December 14, 2018 |

THE CHAIRMAN of VPC Specialty Lending Investments (VSL) has stepped down temporarily for health reasons.

A stock market update on Friday from the alternative finance-focused investment fund said Andrew Adcock was stepping aside “with immediate effect due to health reasons” … Read More

IFISA providers call for tailored HMRC submissions process

October 8, 2018 |

INNOVATIVE Finance ISA (IFISA) providers have called for a simplified HMRC submissions process that is more tailored to the tax wrapper, after the taxman revealed that last year’s data was incomplete.

Peer-to-peer lending platforms and other providers of debt-based securities … Read More

VPC Speciality Lending turnaround gathers pace

September 28, 2018 |

VPC Specialty Lending (VSL) has grown its net asset value (NAV) for the fourth consecutive month, providing further evidence that a turnaround is underway.

During August, the alternative finance-focused investment company produced an NAV return of 1.01 per cent and … Read More

How important are bounty hunters to an ICO?

August 23, 2018 |

THE ROLE of bounty hunters in initial coin offerings (ICOs) has been thrown into the spotlight following a dispute over payments made from the EQUI fundraise.

EQUI – co-founded by entrepreneur Baroness Mone and her venture capitalist partner Doug Barrowman … Read More

P2P lenders embrace flexible working conditions

May 16, 2018 |

PEER-TO-PEER lending has helped shake up financial services, but how modern are the industry’s approaches to the workplace?

Many P2P lenders are embracing flexible working, which can include part-time hours, the option to work from home and time off for … Read More

Investment trusts back “substantial opportunity” in alternative lending

April 27, 2018 |

TWO of the biggest alternative lending-focused investment trusts in the UK have insisted there is still life in the sector despite posting returns below their targets during 2017.

Victory Park Capital Specialty Lending (VPC) and P2P Global Investments (P2PGI) released … Read More

VPC takes majority stake in online lender Borro

November 16, 2017 |

VICTORY Park Capital Specialty Lending (VPC) has continued its expansion into balance sheet lending by upping its investment in online secured lender Borro.

The alternative finance-focused investment trust now has the largest stake in the firm, which provides loans secured … Read More

P2P wholesale ban boosts business for wider crowdfunding sector

July 12, 2017 |

THE FINANCIAL CONDUCT AUTHORITY (FCA)’s clampdown on peer-to-peer wholesale lending activities is pushing lenders towards other types of crowdfunding platforms to obtain finance.

P2P platforms have had to stop lending to other lenders after the City watchdog confirmed its position … Read More

Weak pound hits Victory Park Capital’s bottom line

September 22, 2016 |

VICTORY Park Capital will start using 20 per cent of its monthly management fees to purchase the fund’s shares while they are trading at a discount, in order to bolster confidence during “challenging” market conditions.

The peer-to-peer focused investment trust … Read More