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New alternative lending investment platform for institutional investors launches

The platform's first transactions are focusing on the consumer, renewable energy and commercial real estate lending sectors.

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Finitive, a New York-based lending platform for institutional investors, has launched following the firm receiving commitments for transactions with an aggregate capacity of $1.3bn.

The platform, which commenced operations in August 2017, has broken cover today following the launch of its ‘zero-fee platform’.

Several asset managers and banks have committed capital for transactions in the consumer, renewable energy and commercial real estate lending sectors, Finitive says.

“Alternative lending is a global, fast growing, multi-trillion-dollar asset class which remains highly inefficient, as investments require a lengthy and complex due diligence process. The sector is poised for change,” said Jon Barlow, Finitive’s Executive Chairman and founder.

“Finitive’s platform utilises technology and artificial intelligence to make investing and raising capital in the sector simple and efficient, substantially reducing the amount of time and money that market participants – both investors and originators – spend closing transactions.”

Targeting banks, insurance companies, fund managers and institutional investors, Finitive allows access to alternative lending transactions first vetted by the firm’s credit team. Investors do not pay fees to Finitive.

Originators in the alternative lending sector, including specialty finance companies, online lenders, and private credit funds, are able to access large amounts of capital through Finitive’s global network of investors who actively allocate to alternative lending.

The platform offers originator partners to raise capital across multiple asset classes and geographies for various transaction types, such as forward flow and whole loan sale programs, warehouse lines, and term loans.

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