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Peer2Peer Finance News | July 21, 2019

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Funding Circle SME Income Fund

VPC Specialty Lending sees monthly NAV growth almost halve in May

June 28, 2019 |

BALANCE sheet investments continue to make up the bulk of returns for the VPC Specialty Lending (VSL) investment trust.

The alternative finance-focused fund reported balance sheet investments made up 1.02 per cent of gross returns during May but after costs … Read More

Future of P2P investment funds in doubt

May 10, 2019 |

FUNDING Circle’s dedicated investment trust is set to close, raising questions about the future of peer-to-peer lending-focused funds.

While P2P platforms themselves have demonstrated impressive growth in recent years, investment trusts have been scaling back their exposure to the sector … Read More

Trade body categorises P2P funds differently as part of wider revamp

May 8, 2019 |

PEER-TO-PEER and alternative finance-focused investment trusts will be categorised differently by  the Association of Investment Companies (AIC) as part of an overhaul of the trade body’s investment company sectors.

The AIC is making the changes following a year-long review and … Read More

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’s monthly NAV falls to record low

December 18, 2018 |

FUNDING Circle’s dedicated investment trust has seen its largest-ever decline in monthly net asset value (NAV) returns, partly due to an underperforming cohort of UK loans.

The Funding Circle SME Income Fund (FCIF) saw its NAV drop by 1.4 per … Read More

Funding Circle fund secures £150m British Business Bank facility

November 28, 2018 |

THE BRITISH Business Bank (BBB) is set to back up to £150m of loans on the Funding Circle platform, through the peer-to-peer lender’s listed investment fund.

The state-backed bank will provide the facility in the form of a senior, floating … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Funding Circle fund sees increase in value of US loan defaults in August

September 14, 2018 |

FUNDING Circle’s fund has seen the value of defaulted US loans in its portfolio in August grow above the 2018 average.

An August update from the peer-to-peer business lender’s listed investment trust, the Funding Circle SME Income Fund (FCIF), revealed … 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 unveils plans to issue up to 500m new shares

August 30, 2018 |

FUNDING Circle’s dedicated investment trust is planning another round of share issues over the next 12 months.

The Funding Circle SME Income Fund (FCIF) has published a prospectus detailing plans to issue up to 500 million ordinary and conversion shares … Read More