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Peer2Peer Finance News | August 24, 2019

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FCIF

Funding Circle investment trust to close as P2P lender unveils new institutional funds

April 5, 2019 |

FUNDING Circle’s dedicated investment trust is set to close as the peer-to-peer business lender unveils two new institutional funds to back loans on the platform.

The Funding Circle SME Income Fund (FCIF) said in an announcement this morning (5 April) … Read More

Funding Circle fund to address opposition to key board appointments

September 7, 2018 |

A THIRD of investors in the Funding Circle SME Income Fund (FCIF) have expressed opposition to the re-election of senior executives Richard Boleat and Sachin Patel.

The investment trust held its annual general meeting this week, where 34.32 per cent … Read More

Funding Circle fund begins shift from US loans

August 16, 2018 |

FUNDING Circle’s dedicated investment trust expects its US exposure to fall to 22 per cent over the next two months as it continues its migration to focus more on UK and European loans.

A July update from the Funding Circle … Read More

Funding Circle fund extends Citibank facility

July 26, 2018 |

FUNDING Circle’s dedicated investment trust has expanded its existing facility with Citibank from £50m to approximately £66m.

The Funding Circle SME Income Fund (FCIF) said in a stock market update that the additional £16m would be drawn down during August … Read More

British Business Bank in talks to back £150m of Funding Circle loans

July 12, 2018 |

FUNDING Circle’s listed investment trust is in talks with the British Business Bank (BBB) about providing further funding through the peer-to-peer platform.

It comes as the Funding Circle SME Income Fund (FCIF) reported its net asset value (NAV) had increased … Read More

Funding Circle SME Income Fund readies prospectus for new share issues

June 13, 2018 |

FUNDING Circle’s listed investment trust is planning another 12-month programme of share issues.

The Funding Circle SME Income Fund (FCIF) has provided a stock market update, revealing a new prospectus will be published to allow for an equity issue in … Read More

New reporting rules push down Funding Circle fund’s returns

May 15, 2018 |

THE Funding Circle SME Income Fund (FCIF) has reported its first drop in net asset value since 2016 after adopting new IFRS 9 reporting standards.

The new accountancy standards mean funds have to include potential losses in their portfolio. The … Read More