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Daniel Lanyon


Daniel is the Editor of AltFi, focusing on coverage of professional investment in the Alternative Credit space. He was formerly a senior and award winning journalist at FE Trustnet covering the world of financial markets and asset management. Having attained a degree in economics, he went on to work as a journalist at several of the world’s leading media organisations including The Times, BBC and Reuters covering economics, business and politics. Before this he worked as an economics and business correspondent for Hurriyet Daily News in Istanbul, Turkey.

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Articles by Daniel Lanyon

P2P lending news roundup 22/03/17

22nd March 2017

The most important stories and data from the world of P2P lending and alternative finance.     With less than a couple of weeks until the new tax year, investors around UK are scrambling ...

Goji launches P2P lending bond targeting 5% yields to woo wealth managers

22nd March 2017

The P2P specialist investment manager wants to open access to the fast-growing alternative lending market.     Goji has today launched the UK’s first diversified P2P lending bond ...

HNW Lending unveils Innovative Finance ISA targeting 7% - 15%

21st March 2017

The alternative lender is now allowing investment via the tax wrapper for its loans against luxury goods such as fine wine and art.     HNW Lending has received full approval from the ...

Goldman Sachs launching robo advice service

21st March 2017

Interest in robo-advice from financial services giants is ramping up as demand grows for low cost, online and simplified wealth management.     In another fintech-powered move towards ...

Marketplace lending news roundup 20/03/17

20th March 2017

The most important stories and data from the world of marketplace lending and alternative finance.     One of the ‘founding fathers of the p2p and marketplace lending industry ...

Nutmeg slams incumbent wealth manager fees

20th March 2017

The digital and disruptive wealth manager says UK investors still face ‘intimidating wall of investment charges’.     Investors are suffering from a lack of progress ...

First European P2P securitisation sees Moody’s upgrade

17th March 2017

Good news for Funding Circle as it sees an upgrade to a pool of  its securitised loans from the ratings agency.   Ratings agency Moody’s has upgraded its outlook for the first ever ...

Funding Circle investment trust taps the market for new cash

16th March 2017

The most recently launched closed-ended fund in the market offering P2P exposure to investors has launched a C Share Issue.     The £167m Funding Circle SME Income fund has launched ...

P2P lending news roundup 15/03/17

15th March 2017

The most important stories and data from the world of P2P lending and alternative finance.   P2P platform Landbay is turning to crowdfunding for capital. The buy-to-let mortgage lending platform, ...

Marketplace lending news roundup 14/03/17

14th March 2017

The most important stories and data from the world of Marketplace lending and alternative finance.     Nationalism may be on the rise politically, but in fintech the opposite is true ...

Old Mutual sells down stake in VPC Speciality Lending

13th March 2017

The asset manager was one of the largest backers of the investment trust at its launch, but it has now reduced its stake.     Old Mutual Global Investors’ stake in the VPC Speciality ...

GCP Asset Backed Income fund deploys war chest

13th March 2017

The investment trust, having recently changed its name and undergone a C share capital raise, is deploying new cash.     The investment managers of the GCP Asset Backed Income investment ...

Private debt funds' fees plunge to eight-year low as competition ramps up

10th March 2017

Fees are on a long-term downward trend, with direct lending funds charging the lowest average rate.       The average management fee charged by private debt funds has been on ...

PeerStreet and Betterment launch partnership

9th March 2017

One of the best known US robo advisors will allow its customers to see PeerStreet's data into its dashboard.     PeerStreet – the marketplace for investing in US real estate ...

P2P lending news midweek roundup 08/03/17

8th March 2017

The most important stories and data from the world of P2P lending and alternative finance.     Phillip Hammond’s first Budget as Chancellor has not gone down well with, well, anyone.  ...

SQN becomes manager of the SME Loan Fund

8th March 2017

The closed ended fund has seen a shift in investment strategy with its new manager and a placing of its GLIF shares.     SQN Capital Management has been appointed as investment manager ...

Will demand for the Innovative Finance ISA and p2p lenders surge following Hammond’s dividend allowance cut?

8th March 2017

The chancellor Phillip Hammond has slashed dividend allowances from £5,000 to £2,000 in 2018.     The move, Hammond says, is aimed at bringing the self-employed and the employed ...

Cambridge University owned challenger bank sees strong 2016 growth

7th March 2017

Five years after its launch from the depths of the credit crunch, this challenger bank is growing fast.     SME focused Cambridge & Counties Bank saw record growth in 2016 for deposits, ...

Neil Woodford buys more P2P Global Investments after management fee slashed

7th March 2017

The largest UK fund focused on the online lending market is wooing investors after worse than expected performance by permanently cutting some charges.     Star fund manager Neil Woodford ...

Experian joins Marketplace Lending Association

6th March 2017

The information services giant believes marketplace lenders continue to be at the forefront of transparent and responsible financial innovation.     Experian has joined the Marketplace ...

Marketplace lending news roundup 06/03/17

6th March 2017

The most important stories and data from the world of marketplace lending and alternative finance.     The money keeps flowing for platforms with the news one of the largest UK players ...

Citigroup backed fintech lender BlueVine secures $75m financing from Fortress

1st March 2017

The firm operates in the online small business lending part of the market providing invoice financing.     Invoice finance provider BlueVine has secured a warehouse credit line of up ...

P2P lending news midweek roundup 01/03/17

1st March 2017

The most important stories and data from the world of P2P lending and alternative finance.     US marketplace lender Prosper has secured an enviable $5bn funding deal over the next ...

Yielders becomes first Sharia compliant UK fintech

28th February 2017

The equity-based property crowdfunding platform has successfully completed certification.     London based property investment platform Yielders is looking to ramp up growth across Asia, ...

McKinsey: Institutional investors will raise allocations to alternative credit due to Brexit and Trump

28th February 2017

Last year was a strong one for direct lending, but new research suggests sentiment is still improving to alternative forms of fixed income.      Institutional investors are likely ...

Marketplace lending news roundup 27/02/17

27th February 2017

The most important stories and data from the world of marketplace lending and alternative finance.      In the US Sofi has added another pile of cash to its coffers, scooping up ...

Real Estate Credit Investments fund shrugs off Brexit and raises £25m

27th February 2017

The closed-ended fund has completed the first stage in its plan to raise up to £65m in the near term.     The £158m Real Estate Credit Investments trust has raised more ...

Institutional investors most bullish on alternative credit over near and longer term, says report

24th February 2017

Prequin's latest research into attitudes among global institutional investors into the alternatives space finds alternative credit comes out on top for sentiment.     More asset ...

P2P lending news midweek roundup

22nd February 2017

The most important stories and data from the world of P2P lending and alternative finance.      The biggest news this week may well be that Natwest, owned by Royal Bank of Scotland, ...

Fintech funding nosedives in 2016 creating 'perfect storm' for 2017 M&A

22nd February 2017

In the year of Brexit and Donald Trump’s election to US president, fintech saw a steep fall in new investor cash.     Total funding for U.S. fintech companies and deal activity ...

State Street plots fintech path, embraces AI and blockchain

22nd February 2017

The institutional asset management giant is making a huge investment to digitize its processes in order to take advantage of changes it sees occurring to asset management firms over the next 5-10 years.     State ...

SQN poised to take over the SME Loan Fund

21st February 2017

The alternative credit investment trust is considering several new proposals to shake up its ownership and management structure.     The SME Loan Fund plc is in discussions with New ...

Natwest takes on Funding Circle with new SME lending platform Esme

21st February 2017

The RBS-owned bank is looking to disrupt the disruptors with the launch of a new online lending service.       NatWest is set to launch a new digital platform to allow small ...

P2P Global Investments’ buybacks near 3% of total issuance

20th February 2017

The P2P and marketplace lending giant closed-ended fund has completed another round of share buybacks in an attempt to narrow its double-digit discount.      The £835m P2P ...

Landbay launches Innovative Finance ISA in time for ISA Season

20th February 2017

Investors can access the buy-to-let mortgage platform using the ISA tax-wrapper.     P2P platform Landbay is the latest firm to launch an Innovative Finance ISA (IFISA), after receiving ...

OnDeck sees Q4 surge but plans job cuts as losses widen

16th February 2017

The US-based online lending platform for small businesses has seen a growth in loan origination but also an increase in costs.     Marketplace lending platform OnDeck clocked-up record ...

Lending Club CEO bullish as Q4 losses widen

15th February 2017

The beleaguered firm’s President and CEO Scott Sanborn says despite Lending Club's total Q4 losses increasing last year compared to 2015, this year should see an improvement in the numbers.     Marketplace ...

Aviva Investors launches alternative credit fund for income-hungry institutions

14th February 2017

The Aviva Investors Alternative Income Solutions fund will cater to institutional investors such as pension and insurance companies looking for income away from traditional fixed income.     Aviva ...

Goldman Sachs leads new $15m funding for fintech lender Better Mortgage

13th February 2017

The US-based firm has secured the cash in a Series B round from the investment bank as well as venture capital funds Kleiner Perkins and Pine Brook.     Better Mortgage, an online lending ...

American Bankers Association gives thumbs up to first ever online lending platform

13th February 2017

The ABA is endorsing Akoub, an online platform helping community and regional banks with the process of providing small business loans and take on the likes of Lending Club and Prosper.     The ...

SoFi to sell student loans to community banks

10th February 2017

The US-based platform popular with wealthy graduates is forging a tie up with Promontory Interfinancial Network,     SoFi will sell some of its loan book off to US community banks allowing ...

Nava Finance gets regulatory approval from FCA

10th February 2017

The newly launched unsecured online lending platform is now gearing up to start deploying capital and making loans.     Nava Finance will begin offering personal loans to UK consumers ...

FS Investments hires Credit Suisse veteran Chris Condelles

9th February 2017

The Philadelphia-based alternative asset manager has a new head of capital markets and investor relations   FS Investments has hired Chris Condelles as Head of Capital Markets and Investor Relations, ...

P2P lender LendingCrowd launches IFISA

9th February 2017

The Edinburgh-based platform is now offering investors the IFISA tax-wrapper for its lending products .     LendingCrowd has launched one of the first Innovative Finance ISAs (IFISA) ...

Half of wealth managers would recommend p2p lending as cash alternative

9th February 2017

BondMason’s latest report finds increasing enthusiasm for P2P from financial intermediaries as well as a ‘flight to quality’.     More than half of wealth managers ...

Global fintech investment up 10.9% to $17bn, UK down a third

7th February 2017

Innovate Finance’s latest research shows global bullishness towards fintech but a slip in investment in the UK.     Global investment in disruptive financial technology firms by ...

Lending Club chairman launches new $125m VC fund targeting alternative credit and fintech

6th February 2017

Nyca Partners is now looking to deploy its latest fintech focused war chest into private startups looking to disrupt financial incumbents.     Lending Club chairman Hans Morris has successful ...

Millenials inspire Generation X into robo-advice, claims report

1st February 2017

Millenials are the past not the future growth engine for robo-advice firms who should instead be targeting an older and wealthier age group.     Generation X investors are the key to ...

How the swelling robo-advice market could become profitable and move into the mainstream

31st January 2017

A new report from Verdict Financial argues for low cost, automated, online wealth management to move into the money-making stage it will have to take market share from traditional financial intermediaries.      High ...

The area of Alternative Credit BNP Paribas Investment Partners thinks will see strong growth in 2017

30th January 2017

Stéphane Blanchoz, CIO for Alternative Debt Management at BNP Paribas Investment Partners, explores why allocations to alternative debt and other direct lending strategies could be attractive for ...

New P2P and marketplace lending fund launches using blockchain and robo-advice strategy

27th January 2017

The Seattle based platform LendingRobot has launched an investment fund that it says is the first p2p and marketplace lending portfolio, fully automated and also utilising a distributed ledger system.     LendingRobot, ...

Carney warns against P2P, Robo-advice risk from “fintech boom”

27th January 2017

The governor of the Bank of England Mark Carney prompted consternation amongst the alternative finance industry with a stark warning this week.     Financial regulators around the world ...

Millennials 4x more likely to be P2P investors than Generation X

25th January 2017

They didn’t vote for Brexit and don’t like Donald Trump but millennials are fintech enthusiasts.     Those aged 18-34 are four times more likely than over-55s to have money ...

Alternative credit could benefit from 'Trumponomics', says ICG

24th January 2017

Alternative assets are likely to benefit from regulatory changes, increased market dispersion and volatility owing to President Trump's policies.    Alternative assets could be one ...

Fintech: a bright spot in sliding optimism for UK financial services facing Brexit and Trump uncertainty

23rd January 2017

The CBI and PwC have a new report highlighting an increasingly bleak mood among banks, except for their view of fintech.     Sentiment amongst financial services firms deteriorated further ...

Trump and Brexit make alternative credit star asset class for 2017, says KKR

20th January 2017

The asset management giant also highlights four major secular changes afoot for investors.                 Trump and Brexit have prompted four major secular ...

Davos report: traditional financial services must transform to beat fintech

19th January 2017

Consultancy Oliver Wyman’s latest report finds that financial services incumbents will need to make clear, strategic choices about where and how they can compete in evolving ecosystem.     Financial ...

Obama administration publishes fintech report ahead of Trump inauguration

19th January 2017

The outgoing president of the United States of America has done much to support fintech over an eight-year period that has seen the emergence of marketplace lending, blockchain and many other disruptive ...

Numis analysts’ favourite p2p and direct lending fund

17th January 2017

Numis Securities’ Ewan Lovett-Turner reveals the investment trust he thinks looks most attractive in the burgeoning p2p and direct lending space.     The £163m Funding Circle ...

Robo advisor Nutmeg to launch new ‘fixed allocation’ portfolios

13th January 2017

The firm is adding a range of portfolios that rebalance automatically without human interference to its online wealth management offering.   Nutmeg has become the first online wealth manager ...

Scargo Hill Capital launches new direct lending platform

12th January 2017

The asset management firm is bullish on the alternative lending market, particularly in the retail and consumer brands sectors.      Boston-based Scargo Hill Capital will provide ...

Chinese online lending giant China Rapid Finance partners with Tencent’s robo-advisor platform

11th January 2017

The market leader in the Chinese consumer lending market, in terms of numbers of customers, has annouced a tie-up with Tencent Licaitong.   China Rapid Finance, is cooperating with Tencent’s ...

BDC Golub Capital scores $113.6m in new middle-market origination in Q4 2016

10th January 2017

The Business Development Company rounded off 2016 with a small uptick in funding committents to middle market firms.      Golub Capital originated $113.6m in new middle-market ...

Bond funds back in fashion, but is it temporary?

9th January 2017

BofAML has recorded an uptick in inflows to bond funds at the start of 2017 as investors look for safety from riskier assets.     Investors piled back into bond funds in early January, ...

GCP Asset Backed Income fund mulling £100m C share issue

9th January 2017

The closed-ended alternative credit portfolio is looking to raise new cash after its latest successful placing of £16m.     The £164m GCP Asset Backed Income is considering ...

Challenger bank Oaknorth gears up for post-Brexit “boom”, predicts £500m increase to loan book in 2017

6th January 2017

The London-based bank has also kicked off the year with several new hires in anticipation of ongoing post-Brexit demand for its lending services.     Oaknorth has made three new hires ...

Brewdog bond smashes target to raise £10m record breaker crowdfund pot

29th December 2016

A year after its last debt raise, Brewdog has reached a new record for crowdfunding offering 7.5 per cent to holders of its new mini-bond via Crowdcube.    Scottish-craft beer brewer Brewdog ...

VPC Speciality Lending fund kick-starts share buyback strategy

23rd December 2016

The alternative credit investment trust is seeking to close its discount to NAV buy using spare cash to buy its own shares.     The £362m VPC Speciality Lending fund will commence ...

Alternative credit continues to grow but UK deal growth hit by Brexit, report finds

21st December 2016

The progress comes as a result of increasing acceptance of alternative credit in areas traditionally dominated by banks but also heightended political uncertainty.     Alternative lenders ...

American Capital shareholders give nod to merger with BDC giant Ares Capital

19th December 2016

BDC consolidation continues apace in the US as pioneer American Capital is swallowed by Ares.         Shareholders in American Capital have overwhelmingly approved the firm’s ...

Ranger Direct Lending fund raise falls short of $50m target

19th December 2016

The online lending specialist investment trust has raised more cash while its shares are at a discount.    The £237m Ranger Direct Lending fund has completed its latest Initial placing ...

Crowdcube reaches £200m milestone

16th December 2016

The crowdfunding platform has become the first to cross this threshold of capital raised.     Crowdfunding platform Crowdcube has finished off the year by becoming the first platform ...

UK SMEs’ appetite for equity finance growing, bank debt falling

15th December 2016

A new report suggests small businesses’ appetite for long term equity-based finance has increased significantly in the last 12 months during which time demand for traditional bank debt has continued ...

Share buybacks continue at P2P Global Investments trust, nears 2 per cent of issuance

13th December 2016

The P2P and marketplace lending fund is aiming to narrow its 25 per cent discount at current low valuations.    The largest closed-ended portfolio offering exposure to the P2P/marketplace ...

Alternative credit investment trust Honeycomb seeks £50m fundraise

12th December 2016

The direct lending portfolio is looking to raise more cash from investors one year on from its launch.   The £150m Honeycomb investment trust is seeking to raise up to £50m at a ...

Asset based lending leaps to £4.3bn all time high, Referral Scheme to push 2017 growth

12th December 2016

The total market for asset based finance hits £20.7bn in 2016 as the Government Bank Referral Scheme launches.     The amount of alternative finance available under ‘asset ...

Lending Home passes $1bn of mortgage loans, launches new securitization

9th December 2016

The US mortgage marketplace lender is launching a new master trust securitization vehicle to accelerate its capital growth.       San Francisco-based mortgage marketplace lender ...

Outlook for UK SMEs positive for 2017 despite Brexit, finds survey

9th December 2016

Research by Aldemore Bank suggests small and mid-sized companies in the UK are on the whole bullish on their prospects for growth next year.     More than four in five small and medium ...

Moody's: Outlook for traditional asset managers negative

7th December 2016

The ratings agency has slashed its outlook for traditional active fund managers amid the rise of alternative forms of finance and investing such as robo-advice and ETFs.     The outlook ...

Online lender MoneyLion raises $22.5m war chest in series A round

6th December 2016

The personal finance and lending platform has raised new capital to fuel its future growth in a new round led by Edison Partners.     Personal finance platform MoneyLion, which uses ...

Chinese P2P platform joins one of the world's biggest blockchain projects

5th December 2016

Shanghai-based p2p platform Dianrong has joined the Hyperledger Blockchain project in bid to use the emerging technology in both lending and adminstative purposes.     The Chinese P2P ...

BDC giant FS Investments closes $1bn of Q3 middle market commitments

2nd December 2016

The US-based alternatives asset manager has increased its activity in the third quarter of this year with investments up 20 per cent by volume from the previous quarter.     Business ...

Brewdog taps investors for new mini-bond yielding 7.5%

2nd December 2016

Almost a year after its last debt raise, Brewdog is looking to raise new cash on crowdcube with a higher yielding mini-bond.     Scottish craft beer maker Brewdog has launched a new ...

Illiquid alternatives set for 2017 surge among asset managers, finds survey

2nd December 2016

Nearly three-quarters of institutional investors around the world say they will increase their holdings in alternative credit among other alternatives.   Global institutional investors worldwide ...

Allianz GI buys US-based Sound Harbor Partners for alternative credit push

1st December 2016

Sound Harbor Partners has been bought up by Allianz Global Investors to expand its alternative credit offering.      New York-based private credit manager Sound Harbor Partners ...

New $100m Lending Club securitization

1st December 2016

Nearly seven months on from the Laplanche exit, Lending Club is launching a new round of ABS.      US marketplace lending giant Lending Club will dip its toe back in the securitization ...

New alternative credit investment trust RM Secured Direct Lending launches targeting 6.5% yield

30th November 2016

RMDL is a new UK investment trust established to invest in a portfolio of secured debt instruments to UK SMEs and mid-market corporates.     RM Secured Direct Lending (RMDL) will raise ...

Fund manager: Why we back alternative credit funds but haven’t touched P2P

30th November 2016

Hawksmoor’s Ben Conway is bullish on the prospects for alternative credit but is avoiding one of the fastest growing areas of the market…for now.     P2P lending and the ...

OurCrowd opens Singapore office, appoints new chief to tap Asian investors

29th November 2016

The crowdfunding platform has expanded into Singapore to meet rising interest from Asian investors in equity crowdfunding.      Jerusalem-based Crowdfunding giant OurCrowd has opened ...

P2P market worth $10bn per year by 2020, suggests study

25th November 2016

A study of the global online lending and crowdfunding market by Juniper Research suggests a doubling of revenues in the coming three years.     The global market for p2p/marketplace ...

Ranger Direct Lending could raise another £200m

24th November 2016

The fund’s latest prospectus indicates it could nearly double its assets next year, believing there is plenty of market potential to deploy new cash.     The £237m Ranger ...

4finance taps bond market for another €50m

24th November 2016

Amid the global uncertainty, 4 Finance seeks to continue its growth trend with a fresh round of capital-raising.   4 Finance, one of the largest European consumer lending firms, has tapped the ...

BDC giant FS Investments replaces CFO after resignation

23rd November 2016

The recently rebranded FS Investments, formerly Franklin Square Capital, has made replaced outgoing chief financial officer for two of its Business Development Companies.     Michael ...

The fintech/altfi trade-off facing Phillip Hammond ahead of the Autumn Statement

23rd November 2016

Today’s Autumn Statement will be the Chancellor’s first major moment and the UK’s first budget event since Brexit but will he favour the disruptors or the big banks, asks Daniel Lanyon.     The ...

Hermes’ Marshall: What to expect from your direct lending fund in 2017

21st November 2016

In has been another bumper year for direct lending with a raft of new fund launches, but what is in store for next year? Hermes Investment Management's Patrick Marshall shares his thoughts.    Direct ...

McKinsey thinks fintech is about to enter a period of massive change

21st November 2016

A new report from consulting firm McKinsey argues shifting dynamics will shake up the fintech market in the coming years and suggest seven critical aspects of this new environment that must be understood ...

VPC Speciality Lending discount moves to 30% as it announces dividend still below target

18th November 2016

The closed-ended alternative lending fund has reported its third dividend of year, again below its 2p target.      The £392m VPC Speciality Lending investment trust has ...

Invoice financing firm Factor 21 completes MBO backed by private equity

16th November 2016

Private equity firm Mobeus has funded the management buyout of Factor 21, a UK provider of invoice finance facilities for SMEs.     Factor 21 has completed a management buyout of ...

Nutmeg adds kick to post-Brexit fintech market with £30m fundraise

15th November 2016

The loss-making online wealth manager has received a significant injection of fresh capital to fund its next wave of expansion, which is also the biggest UK fintech investment in the six months since the ...

Ranger Direct Lending looks to raise £40m through share placing despite 6.5% discount

14th November 2016

The direct lending specialist investment trust has had a good year, partly thanks to the strong US dollar, and is aiming to launch new shares despite its current discount to net asset value.     The ...

Alternative credit the only cheap area of the market, says fund manager

14th November 2016

Hawksmoor’s Ben Conway reveals why he thinks alternative credit makes a good portfolio addition in an uncertain world and why it is the only area of clear value for investors across asset classes.   Alternative ...

Investor confidence in alternative credit unshaken by Brexit, finds survey

11th November 2016

A study by fund research firm Elian points to ongoing enthusiasm among institutional investors for direct lending despite the increased uncertainty created by the EU referendum result.   Appetite ...

Alternative credit platform Blackmoon secures $2.5m in equity funding

11th November 2016

The US-based direct lending marketplace has big plans for 2017 and fresh capital to match.     The Blackmoon Financial Group has secured $2.5m in its latest round of equity funding from ...

UK asset manager Pemberton raises €1.2bn for debut European Mid-Market Debt fund

9th November 2016

Despite the Brexit uncertainty the specialist fund management group has raise a sizable cash pot to lend to SMEs in Europe.     Pemberton, an independent asset management group backed ...

Lending Club sees flat Q3, secures $1.3bn funding line from National Bank of Canada

7th November 2016

The US platform saw a slight uptick from its difficult Q2 in the three months to 30 September but also secured a new institutional source of capital.     Lending Club saw loan originations ...

What is the impact of Brexit on the alternative finance market?

7th November 2016

A new report by Magic Circle law firm Allen & Overy suggests some stark implications for investors in, and borrowers of, alternative credit.   More than two-thirds of UK firms have seen ...

Lending Club sees share price bounce amid market volatility

4th November 2016

The once beleaguered US platform Lending Club has seen an analyst upgrade ahead of its Q3 earnings call on Monday.     The past six months have been a troubled period for the US giant ...

Robo-advice de-regulation essential for innovation, warns law firm

1st November 2016

As the market continues to grow for online digital investment, Pinsent Masons says a lack of clear regulation will stifle innovation.     The 'advice vs guidance' debate should ...

VPC Speciality Lending fund accelerates strategic shift to balance sheet lenders, moves away from p2p

1st November 2016

The closed-ended fund now has more than half of its portfolio exposure to balance sheet lending platforms at the expense of p2p and marketplace loans.      Exposure to balance sheet ...

SQN Asset Finance Income seeking fresh £150-180m fund raise

31st October 2016

The alternative credit investment trust specialising in equipment leasing sees plenty of opportunities in the coming years as well as ample demand from investors.     The £353m ...

P2P Global Investments trust sees NAV growth shortfall for September, continues share buybacks

31st October 2016

The giant marketplace lending fund has seen returns under pressure this year due to several issues ranging from Brexit induced currency volatility to Lending Club’s woes.     The ...

GCP Asset Backed Income trust mulls next capital raise

21st October 2016

The investment trust, having recently changed its name, is now considering a fresh share issuance to meet investor demand.     The GCP Asset Backed Income investment trust is considering ...

Neuberger Berman's alternative credit business swells to $3.2bn of assets with new fund launch

20th October 2016

The asset manager has closed its latest private debt fund, helping boost its alternatives business in terms of the amount of assets under management.   Neuberger Berman has seen its alternative ...

Income seekers take note: Alternative credit investment trusts the highest yielding in UK market

19th October 2016

Data from the Association of Investment Companies show closed-ended funds investing in various forms of alternative credit are yielding nearly double the average UK equity income portfolio.   Investments ...

Inflation will continue to rise, warns Nutmeg

18th October 2016

The chief investment officer of the leading robo-advisor platform Nutmeg thinks inflation will tick up to 2.5 per cent next year.      Investors should consider greater exposure ...

Fresh Lending Club fears prompt share price plunge

18th October 2016

The giant of the marketplace and p2p industry has spooked the market following a series of announcements.     Beleaguered US marketplace lending platform Lending Club saw one if its ...

New SQN fund breaks escrow, firm expands sales team in growth push

17th October 2016

The New York based alternative asset manager specialising in equipment leasing has secured inflows for its fifth Asset Income fund as well as making a number of new hires to its US-distribution team.    SQN ...

Monroe Capital raises $800m for second alternative credit fund

17th October 2016

The US-based firm has added a new portfolio to its stable to increase its reach into the middle market lending business.   Monroe Capital LLC has closed its latest portfolio in the alternative ...

How the latest tech will help disrupt wealth managers and financial advisors

14th October 2016

Robo-Advice could reduce the cost of delivering advice to investors says a new report into the fledgling industry.     The technology behind robo-advice has the capacity to dramatically ...

Goldman Sachs’ Marcus platform goes live for Main Street borrowers

13th October 2016

Goldman Sachs has entered the alternative lending market with its new strategy to lend directly to both consumers and small businesses, as well as corporate behemoths.   “We created Marcus ...

NN Investment Partners hires new head of alternative credit

13th October 2016

The Dutch asset management giant has tapped Gabriella Kindert to lead its boutique push into the alternative credit space.     Gabriella Kindert has joined NN Investment Partners to ...

Alternative credit growth could make the economy safer, says Lord Turner

12th October 2016

The former chairman of the Financial Services Authority struck an optimistic note about how various forms of alternative could contribute to a healthier financial base but not without adding a few caveats.     The ...

When will a large number of retail investors have p2p lending exposure in their portfolios... perhaps they already do?

12th October 2016

Many theories are touted as to what will prompt the "inevitable" wall of retail money into the p2p market but critics should note many retail investors already have exposure whether they know ...

Ranger Direct Lending fund adds AltFi Data's p2p benchmark index

10th October 2016

The investment trust has benchmarked its performance against the Liberum AltFi Returns Index (LARI), the first fund to do so since its launch last year.      The £221m ...

Nutmeg’s 2015 numbers point to fresh capital raise after losing £9m despite doubling assets

7th October 2016

The market leader in the fast growing robo-advice space saw a ramp up in both costs as well as revenues in its 2015 numbers.   Nutmeg, the market leader in the burgeoning robo-advice industry ...

AXA IM in large alternative credit push with new $34bn platform

6th October 2016

The asset management giant is re-enforcing a burgeoning industry trend with the announcement of a new platform catering for investors in alternative credit.     AXA Investment Managers ...

BDC giant FS Investments taps Goldman Sachs’ DeAngelis to head distribution

6th October 2016

The recently rebranded FS Investments has made a new top-level hire from Wall Street amid expectations of consolidation in the Business Development Company sector.     Philadephia-based ...

Is BDC Prospect Capital looking to a tie-up with Lending Club?

4th October 2016

Peer-to-peer and marketplace lending platforms and Business Development Companies (BDCs) have been increasingly mentioned in the same breath, now synergies may be starting to occur.   Prospect ...

SME lender LDF acquires Asset & Corporate Finance for push into construction asset finance

3rd October 2016

A leading SME finance provider has announced its acquisition of asset finance firm ACF.   LDF, one of the UK’s largest independent provider of finance to SME businesses has acquired the ...

SME Loan Fund continues portfolio overhaul

3rd October 2016

The UK-listed portfolio has carried on its recent re-fresh with a number of portfolio transactions.    The SME Loan Fund has completed a number of transactions with GLI Finance its parent ...

Banks are backing blockchain for consumer lending, studies find

30th September 2016

Blockchain interest is gathering pace in the incumbent banking world with the likes of Deutsche Bank, UBS and Bank of America all recently revealing plans to utilise the technology.   Commercial ...

Lending Club fund posts first ever monthly loss in August as insiders cash in company stock

29th September 2016

A portfolio of consumer loans originated and managed by beleaguered US marketplace lending platform Lending Club has seen its first ever negative month, according to reports.    The Broad-Based ...

P2P Global Investments continues share buy-backs amid market dip

28th September 2016

The P2P and marketplace lending giant fund has entred into another round of own share buy-backs in the past week.   The investment managers of the P2P Global Investments trust have initiated ...

Amundi launches alternative assets platform in charge for market lead

27th September 2016

The asset manager has unveiled big ambitions for the alternatives space to meet a growing demand for alternative credit as well as other illiquid markets.   Amundi is launching a single platform ...

Institutional investors should expect lower returns from bonds and equities and consider alternatives, warns report

27th September 2016

Hermes Asset Management’s Saker Nusseibeh and Eoin Murray warn that markets are set for a tough longer term period thanks to a low growth world.     Large institutional investors ...

P2P funds' weak sentiment unjustified based on UK platform performance, says investment bank Jefferies

26th September 2016

Jefferies' Matthew Hose argues amid a difficult year for the handful of funds offering investors p2p exposure the performance of the underlying loans is better than the market is pricing them.    The ...

Hermes Investment Managment launches direct lending push in tie-up with RBS

15th September 2016

The £26bn fund management firm in charge of the BT pension scheme has made a move into the alternative credit space with the launch of a new direct lending  strategy.   Hermes Investment ...

Funding Circle enlists ex-Lloyds chief to board

9th September 2016

One of the largest UK p2p platforms Funding Circle has hired a prominent ex-City chief to its board of directors.   Eric Daniels, the former chief executive officer of Lloyds Banking Group has ...

Brexit could create opportunities for alternative credit lenders, says Partners Group

8th September 2016

Swiss-based Partners Group is bullish on the  opportunities for alternative credit post Brexit.   The market fallout from the UK voting to leave the European Union could result in ...

P2P Global Investments and VPC Specialty Lending among hardest hits trusts since Brexit

6th September 2016

Research from Numis Securities highlights the few months since the EU referendum result have been a tough time to hold the closed-ended p2p funds.    The two largest p2p and marketplace ...

KKR: Alternative credit set to be “star performing” asset class

5th September 2016

The US private equity giant sees a huge opportunity in credit markets benefiting from the disruption of traditional banking models.   A major spike in opportunities is occurring in several areas ...

EXCLUSIVE: FCA circles on P2P platforms with September 'business model' inspections

5th September 2016

The UK regulator is paying visits to all the major p2p and marketplace lending firms in September to 'closer understand' their  varied business models.    The Financial Conduct ...

What the p2p and marketplace lending industry needs to do to go mainstream

2nd September 2016

ThinCats’ CEO John Mould reveals exclusively to AltFi what he believes p2p platforms and funds need to do to be relevant to larger institutional investors as well as the retail mass market in the ...

Plentiful opportunities in alternative credit and niche lending, says PIMCO

1st September 2016

PIMCO’s Christian Stracke argues disruptive regulation for banks ranks among the biggest investable themes over the longer term.   Ongoing disruption of traditional banking firms ...

P2P Global Investments fund sees NAV bounce for July but falls short of year target return

31st August 2016

The p2p investment trust saw its growth in net asset value fall short of its projected run rate to meet its target yield for the past 12 months despite a recent improvement.   The £855m ...

Lending Club boosts institutional charge with senior Wall Street hires

30th August 2016

The beleaguered giant of the marketplace lending industry has brought in two heavy weights to bolster its push for more institutional and retail investors.     Lending Club has appointed ...

Franklin Square Capital’s BDCs see Q2 rebound with $830m investments

26th August 2016

Now rebranded as FS Investments, the leading alternative asset manager has clocked up a strong second quarter.   The five Business Development Companies (BDCs ) owned by Franklin Square Capital ...

Ranger Direct Lending announces largest ever dividend

25th August 2016

Investors will be pleased to note a further jump in the dividend for this closed-ended direct lending fund.   The Ranger Direct Lending Fund has announced a dividend per share of 26.87p, its ...

The best performing alternative finance funds two months on from Brexit

24th August 2016

Equity markets took a battering in the weeks after the UK’s vote to leave the EU back on 24 June, but how did the listed alternative finance funds fare?   The Ranger Direct Lending and ...

Landbay’s Goodall: We can still reach £1bn despite Brexit

23rd August 2016

The CEO of the online p2p buy-to-let platform says he is sanguine the firm can see strong origination growth in 2017 despite the challenges posed since Brexit.     Brexit should not ...

Avant closes $255m asset-backed Securitisation with JP Morgan, Credit Suisse and Morgan Stanley

23rd August 2016

In the summer lull online marketplace lending platform Avant shows institutions are still backing the nascent industry.   US short-term consumer loan platform Avant has closed two ...

Goldman Sachs scraps Mosaic for Marcus ahead of its marketplace lending platform launch

22nd August 2016

Goldman Sachs will soon enter into the alternative lending market, with plans to lend directly to both consumers and small businesses.   Goldman Sachs’ soon to be launched online marketplace ...

Exclusive: VPC hires Liberum’s Cormac Leech

22nd August 2016

Victory Park Capital has made a new hire in London where its VPC Speciality Lending trust is listed.   Liberum’s Cormac Leech is set to join Victory Park Capital next month as Principal ...

Pantheon: Plenty of opportunities in fintech and P2P despite Lending Club’s woes

19th August 2016

Alex Scott of private equity firm Pantheon International is undeterred from the opportunities in fintech and marketplace lending despite the setback seen in the past three months.     Fintech ...

Royal London to launch alternative credit fund

19th August 2016

Rising institutional demand has prompted this asset management firm to move into the alternative credit space.    Royal London Asset Management has expanded into the burgeoning alternative ...

Exclusive: Harsh Patel exits Victory Park Capital

18th August 2016

VPC’s man in London is moving on from the firm and the VPC Speciality Lending trust.   Victory Park Capital’s Harsh Patel has left the asset management firm with immediate effect.   Patel ...

VPC Speciality Lending’s target dividend remains under pressure, dips further into reserves

17th August 2016

The closed-ended alternative lending fund has reported its second dividend of year, again below its 2p target and also dipped further into its reserves to partly pay it.      The ...

Treasury to allow bonds and other 'debt securities' for Innovative Finance ISA

16th August 2016

Draft legislation on widening the parameters of the new Innovative Finance ISA has been published revealing bonds and other debt instruments will be allowed under the new tax wrapper rules.    Investors ...

4 Finance snaps up Bulgarian TBI Bank for €69m

15th August 2016

One of the largest European consumer lending firms 4 Finance has completed its acquisition of a the Bulgarian lender TBI.   4 Finance has completed its acquisition of the Bulgarian ...

Crowdfunded bank Mondo gets regulator thumbs up

12th August 2016

Mondo has become the latest digital bank to gain a license from the UK regulator just months after it raised more than £1m from the crowd.   Mondo, a London-based fintech start-up has ...

UK SMEs flock to p2p lending boosting jobs and housebuilding, report finds

11th August 2016

The p2p and marketplace lending industry is driving small business and economic growth, particularly in areas hit hardest since the financial crisis, a new report suggests.      Small ...

Peer Funding granted full FCA approval ahead of autumn launch

10th August 2016

  Peer Funding, a new entrant into the p2p and marketplace lending world has been granted full permission to operate a lending platform by the UK financial regulator, the Financial Conduct Authority ...

Australian P2P lender Bigstone sees $3m seed funding injection

9th August 2016

Fintech and small business marketplace lender Bigstone has completed its first round of seed funding rainsing $3m (AUD).   The funding was led by ASX listed private equity and venture capital ...

VPC Speciality Lending fund shifts strategy to greater balance sheet exposure after difficult Q2

9th August 2016

  The VPC Speciality Lending Investment trust is looking to up its stake in balance sheet lending with profits from its marketplace loan holdings and move away from Funding Circle US’ exposure.   More ...

New CEO Sanborn upbeat after Lending Club hit with worst quarter, CFO resigns

9th August 2016

Scott Sanborn says a difficult quarter and departure of Lending Club's chief financial officer will draw a line under the beleaguered platform's recent wobbles.    US marketplace ...

Brexit boosts launch of a new upmarket property crowdfunder

29th July 2016

CapitalRise is the latest property crowdfunder to launch, aiming to give investors exposure to luxury residential homes in London's smartest postcodes.   A new London-based crowdfunding ...

Brexit could be good for direct lending and alternative credit funds, says BlueBay's Fobel

28th July 2016

The past month since the United Kingdom’s historic vote in favour to leave the European Union has created a new wave of uncertainty for investors, but BlueBay's head of its direct lending business ...

P2P Global Investments sees NAV growth shortfall, slashes management fee

27th July 2016

The investment trust saw its growth in net asset value fall short of its projected run rate to meet its target yield in the first half of 2016 but the portfolio’s lead manager Simon Champ is optimistic ...

Ranger Direct Lending fund completes Z share placement

25th July 2016

The listed direct lending portfolio has added more investor cash in a bid to increase its leverage and raise its yield.   The alternative credit investment trust Ranger Direct Lending has completed ...

Good news for P2P and marketplace lending: Moody’s decides against Prosper downgrade

22nd July 2016

The ratings agency says “the likelihood of extreme underperformance” has somewhat diminished.     Ratings agency Moody’s will not downgrade a series of securitised ...

Star fund of funds manager Craig: Why I am buying alternative credit funds but avoiding P2P

21st July 2016

The head of Old Mutual Global Investors’ Cirilium range of fund of funds has been buying up newly launched investment trusts in the nascent alternative credit space.   The likes of the ...

Funding Circle SME Income Fund raises £14.5m through ordinary share placing

21st July 2016

Following on from the news that the fund was shifting away from raising new cash through a C share issue to ordinary shares, AltFi can reveal the completion of the placing.   The Funding Circle ...

Oxford economist John Kay: Where the opportunities are for fintech

20th July 2016

The star economist at Oxford University is bullish on fintech, believing certain areas of the City are set for huge change.   Large scale financial services firms are still ripe for disruption, ...

Lending Club lands former BlackRock boss as chief capital officer

18th July 2016

In a bid to shore up confidence in the post-Laplanche era Lending Club’s new CEO Scott Sanborn has hired a former leader of BlackRock’s passive funds business.   US marketplace ...

Singapore SME lending platform Validus to provide ‘investor protection’ in partnership with EQ Insurance

18th July 2016

The global P2P lending market continues to see growth in Asia with this Singapore-based platform's latest tie-up.    Validus Capital, an SME lending platform, has announced it will ...

Lendix launches first ever SME lending fund in ELTIF structure

14th July 2016

The Paris-based SME lending platform has launched the first European Long Term Investment fund (ELTIF) dedicated to SMEs.   French marketplace lending platform Lendix has received the go ...

Direct lending funds most popular for alternative credit investors, finds survey

14th July 2016

A survey of investors by Elian shows those invested in the broad alternative credit space are most bullish on direct lending over other strategies on a two year view.   Direct lending is the ...

Funding Circle SME Income fund to tap market in ordinary share issue due to Brexit market fallout

13th July 2016

The Funding Circle SME Income fund will issue up to £15m of ordinary shares at a small premium rather than raise capital through a C share issuance as previously reported, according to regulatory ...

Ovamba announces tie-up with Crowdcredit and Courtyard Capital to fund push to Africa SME loans

8th July 2016

African online lending platform Ovamba is partnering with Crowdcredit and Courtyard Capital to increase its reach to African SMEs. Ovamba allows SMEs to access funds via a mobile app and online platform ...

VPC Speciality Lending hit with negative month, announces share buybacks

6th July 2016

The £388m VPC Speciality Lending investment trust has seen a 0.62 per cent fall in its net asset value (NAV) for the month of May. The news is a blow to investors who have already seen pressure ...

Will Neil Woodford’s new higher income fund hold P2P to boost its dividends?

6th July 2016

The manager is looking to launch a new fund that will target a higher yield than his flagship Woodford Equity Income fund, a big investor in P2P investment trusts.     Star fund  manager ...

Why investors should scoop up discounted P2P funds before putting cash into platforms

5th July 2016

There is plenty of negative noise around P2P/marketplace lending at the moment that appears to be behind loan volumes failing to meet the stellar growth rates of recent years as well as prompting institutional ...

Lending Club fund hit by first negative month

4th July 2016

An $800m fund controlled and run by the beleaguered US platform Lending Club is set to suffer its first negative month in terms of returns in its 64 months of trading. The news is another blow to the ...

P2P Global Investments continues buybacks, discount narrows

30th June 2016

The P2P Global Investments trust has bought back its owns shares for the third day running this week amid the Brexit-induced volatility in global stock markets. AltFi broke the news on Tuesday that ...

Exclusive: P2P Global Investments initiates share buybacks amid market sell off

28th June 2016

The largest closed-ended portfolio offering exposure to the P2P/marketplace lending space the £871m P2P Global Investments trust has bought back its own shares for the first time in the Brexit market ...

P2P/marketplace lending should outperform in a downturn, says Polar Capital's Brind

27th June 2016

The manager of the Polar Capital Income Opportunities fund owns P2P and marketplace lending exposure instead of regular credit as he thinks it could stand up better in a prolonged period of down market ...

P2P Global Investments, VPC Speciality Lending et al hold up as markets plummets in Brexit sell off

24th June 2016

The Brexit vote has prompted chaos in financial markets as investors jettison UK equities.  At the peak of selling this morning the FTSE 100 had lost 8 per cent but at the time of writing this has ...

Should P2P and alternative credit funds be part of your Brexit strategy?

23rd June 2016

The polls are neck and neck. It’s too close to call either way but should the United Kingdom vote to leave the European Union it is fair to say the implications for investors could be profound. Sterling ...

Alternative credit fund Hadrian’s Wall floats in first investment trust IPO of 2016

22nd June 2016

A new closed-ended fund Hadrian’s Wall Secured Investments has raised £80m versus a targeted £150m in the first listing of an investment trust on the London Stock Exchange in 2016 so ...

Chinese billionaire investor ups stake in Lending Club

21st June 2016

The Singapore based Shanda Group owned by Chen Tianqiao has increased its stake in beleaguered P2P/marketplace lending platform Lending Club to 15.13 per cent, according to regulatory filings. The privately ...

Funding Circle SME Income fund considers C share issue, announces first dividend

20th June 2016

The latest investment trust offering exposure to the burgeoning P2P/marketplace lending space the Funding Circle SME Income Fund is looking to tap more investor cash in its first C share issue, according ...

EXCLUSIVE: My fund can gain from platforms market turmoil, says P2P Gl’s Simon Champ

17th June 2016

It has been a tough month for investors in P2P and direct lending trusts in terms of market sentiment but the outlook is stronger than ever for closed-ended funds in the space, argues Eaglewood’s ...

P2P Lender Bigstone launches in Australia

16th June 2016

Investors and borrowers in Australia have a new platform to choose from in the rapidly growing peer to peer/marketplace lending space thanks to the launch of new entrant Bigstone.   The team ...

VPC Speciality Lending Trust cuts dividend, dips into reserves

15th June 2016

The Victory Park Capital (VPC) Speciality Lending Investments Trust used its reserve cash to partly fund its latest shareholder dividend, according to regulatory filings to the London Stock Exchange. The ...

Australian P2P platform Marketlend closes $1m investment round led by ex-EagleWood CEO Barlow

14th June 2016

One of Australia’s leading peer-to-peer/marketplace lending platforms Marketlend has closed a $1m investment round led by ex-chief executive of Eaglewood Capital Jon Barlow. Marketlend was founded ...

Liberty SBF secures $75m in B round fund raising, expands relationship with Capital One

13th June 2016

Commercial property lending firm Liberty SBF has secured $75m in its latest Series B round of funding as it looks to an expansion of its services in the wake of a shake up to the 504 loans market.    Liberty ...

There’s better opportunities post Lending Club than buying back shares, says P2P Global Investments' Champ

10th June 2016

The Annual General Meeting of the P2P Global Investments investment trust affirmed a positive outlook from its managers but was not so bright for those hoping to see a move to discount control.   Investors ...

Lending Club delays annual meeting and raises rates, second largest shareholder ditches stock

8th June 2016

Beleaguered marketplace lending platform Lending Club has added to its lists of woes by delaying an upcoming shareholder meeting and announcing that its second largest shareholder Baillie Gifford has sold ...

Will Renaud recapture Lending Club?

8th June 2016

Ousted former CEO Renaud Laplanche of fraught marketplace lending platform Lending Club is looking for backing to take the firm private in a potenital buyout alongside other investors, according to a report ...

Ranger Direct Lending plots Z-share issue

7th June 2016

The £155m alternative credit investment trust Ranger Direct Lending is considering a new round of fundraising to launch Z-shares worth up to £30m, according to documents filed on the London ...

Profits, revenue growth despite non-performing loans rise for consumer lender 4 Finance

2nd June 2016

European consumer lender 4 Finance has reported strong growth in revenue of 30 per cent to €90.3m in the first three months of 2016 compared with €69.2m in the same period last year.  Profits ...

Forget Lending Club, there’s a buying opportunity in the likes of P2P GI and VPC investment trusts, says Cantor’s Tepes

31st May 2016

Marketplace lending trusts have had a rough ride of late, but this has only served to make them more attractive according to Cantor Fitzgerald’s Monica Tepes.   Investors should treat ...

P2P and marketplace lending funds not platforms are the threat to banks, says Deloitte report

26th May 2016

The rapidly growing demand for P2P and marketplace lending funds is the leading threat to banking’s traditional lending territory within the alternative finance space rather than the plethora of ...

“It’s the known unknowns that are creating all the problems”: GLIF’s Whelan thinks Marketplace Lending Trusts’ Discounts Will Narrow

24th May 2016

The CEO of GLI Finance reveals why he thinks marketplace lending trusts have seen a hit in sentiment in 2016 but also why this should not last.   Investors in marketplace lending investment ...

4 Finance taps €100m bond to fund expansion, acquisitions

19th May 2016

One of the largest European consumer lending firms 4 Finance has issued a five-year €100m corporate bond in a bid to expand its swelling loans business. The bond is issued at par woth an 11.25 per ...

Direct lending funds most popular for alternative credit investors

14th July 2011

A survey of investors by Elian shows those invested in the broad alternative credit space are most bullish on direct lending over other strategies on a two year view.   Direct lending is the ...