17th Feb 2015 08:58
LONDON (Alliance News) - GLI Finance Ltd Tuesday said it is exploring the launch of a publicly listed investment company that would invest in a portfolio of loans originated principally by the company's family of lending businesses.
The fund, which would be managed by GLI Finance, would aim to provide investors with access to the alternative finance market, with a target of a "high single digit" yield for investors, while providing GLI with "further scaleable origination capability".
N+1 Singer Advisory LLP has been appointed to assist the investment company with the process.
GLI Finance, which provides finance to to small and medium-sized enterprises by investing in loans to the companies and originating finance for them through its platforms, said its unaudited net asset value per share rose to 51.00 pence at the end of December last year from 48.32 pence three months earlier, citing an uplift in the valuation of its shareholdings in its platforms.
GLI shares were up 2.1% at 62.00 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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