27th Aug 2015 10:34
LONDON (Alliance News) - VPC Specialty Lending Investments PLC's investment manager is eyeing opportunities to deploy capital to online lending platforms, the company said Thursday.
Tougher banking regulations and the impact of the financial crisis of 2007-09 has put pressure on banks and cut lending to customers such as smaller businesses, giving rise to lending through online platforms.
VPC said that Victory Park Capital Advisors, its investment manager, sees a strong pipeline of investment opportunities within the specialty lending sector.
The company's net asset value per share was 99.62 pence at the end of June, it said in its half-yearly report. The stock was untraded at 101.00 pence Thursday.
The company listed in March when it raised GBP200 million.
By Samuel Agini; [email protected]; @samuelagini
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