GLI Alternative Finance – Off and running
Marten and Co publishes its first initiation of coverage note on GLI Alternative Finance (GLAF)
The company IPO’d on 23 September 2015 with assets of £52m. One month later the issue proceeds were fully invested. The first monthly dividend will be declared in November for payment in December (the target is an annualised 8% yield on the issue price). The company is eager to grow and has a pipeline of investments that would allow it to deploy fresh capital quickly.
GLAF’s investment objective is to provide its shareholders with attractive risk adjusted returns through investment, principally via GLI Finance’s platforms, in a range of loans to small and medium sized enterprises (SMEs), diversified by way of asset class, geography and duration. GLAF may invest directly or indirectly into available opportunities, including by making investments in, or acquiring interests held by, third party alternative lending platforms and other lending related opportunities as identified by the Manager in accordance with the company’s investment policy.
The SQN Secured Income Fund (formerly SME Loan Fund : SMEF and, before that, GLI Alternative Finance : GLAF) aims to provide its shareholders with attractive risk adjusted returns through investment, principally via a range of investee platforms, in a range of SME loan assets, diversified by way of asset class, geography and duration. The company may invest directly or indirectly into available opportunities, including by making investments in, or acquiring interests held by, third party alternative lending platforms and other lending related opportunities as identified by the manager in accordance with the company’s investment policy.
You can access the company’s website here
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