VPC Specialty Lending Investments is a UK Investment trust. It is targeting an 8% per annum dividend yield (paid quarterly) and a net total return in excess of 10% by investing in loans originated by the online lending market. It intends to invest in and lend money through multiple platforms, diversified by geography (UK, US and Europe), product (consumer and small business), and structure (whole loans, senior credit facilities and equity warrants). Equity or equity-linked instruments in lending platforms will represent up to 10% of the portfolio, in some cases this equity will be taken in exchange for VPC Speciality Lending Investments providing debt capital to their platforms. They may use leverage (up to 1.5x net asset value, i.e. 50%) to enhance returns.
You can access the company’s website here