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Peer2Peer Finance News | February 23, 2019

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investment trust

Honeycomb NAV dips in January due to ‘seasonal rise in arrears’

February 22, 2019 |

HONEYCOMB Investment Trust reported a slight dip in net asset value (NAV) in January, which it attributed to “a seasonal increase in arrears”.

The London-listed fund, which invests in consumer, property and SME loans, posted a NAV return of 0.58 per cent … Read More

Honeycomb trust bullish despite economic uncertainty

January 29, 2019 |

ALTERNATIVE finance investment trust Honeycomb has reported strong growth for 2018, despite an uncertain economic outlook.

In a December update, the trust’s manager said returns for the month were impacted by higher IFRS 9 provisions following an annual economic outlook … Read More

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

Ranger Direct raises £30m in refinancing as part of fund closure

January 14, 2019 |

RANGER Direct Lending (RDL) has raised $38m (£29.5m) by refinancing one of its investments from its portfolio, as part of the wind-down of the beleaguered investment trust.

In connection with this process, the International MCA Platform has refinanced and paid … 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

Write-offs and legal disputes hit Ranger returns

December 17, 2018 |

RANGER Direct Lending’s net asset value (NAV) return fell for the first time in two months as the investment trust was hit by write-offs and legal expenses.

The alternative finance-focused fund, which is in the process of being wound up, … 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

Ranger Direct boosts board expertise to help with fund closure

December 5, 2018 |

RANGER Direct Lending (RDL) has appointed an expert in acquiring and managing commercial finance to its board as part of efforts to wind up the beleaguered fund.

Joe Kenary, who has worked for US commercial lender Capitalsource and asset manager … Read More

Ranger Direct Lending makes cash offer to close ZDP share class

November 29, 2018 |

RANGER Direct Lending (RDL) has made a cash offer to holders of its zero dividend preference (ZDP) share class as part of the wind down of the beleaguered investment trust.

The alternative finance-focused fund – which has been buying back … Read More

Ranger Direct ZDP share class backs new strategy

November 15, 2018 |

RANGER Direct Lending (RDL) has secured backing from the board of its zero-dividend preference (ZDP) share class for its new investment policy ahead of its general meeting on 16 November.

Shareholders are set to vote on the beleaguered fund’s new … Read More