Lots on great sector events this coming week. So before our recap of industry news, we wished to highlight some PeerIQ movements. Please drop a line if you’ll be attending and wish to connect:

And now, our selected P2P stories of the past week:

  • Funding Circle Sheds Light on Fund (AltFi, Sep. 24, 2015) Funding Circle to launch a listed vehicle, SME Income Fund, for new means to access exposure of its loan book.  The platform intends to raise £150m for the fund via an IPO, which will take place within the next two to three weeks.
  • EIB Turns to Peer-to-Peer Lending for UK Companies (FT, Sep. 27, 2015) Related to the above fund, the European Investment Bank intends to lend £100m to small business, via Funding Circle’s new vehicle.  Great sign of confidence for the P2P lending sector.
  • GLI Fund Launches (AltFI, Sep. 25, 2015) The emergence of closed-end funds continues with the launch of long-awaited GLI Alternative Finance fund, with market cap of £52.66m and trading on LSE under the ticker “GLAF”.