Latest P2P trust targets £100m as alternatives boom continues

GLI Finance has announced plans to launch a new alternative debt investment trust which is aiming to raise at least £100m during its initial public offering.

The new trust, GLI Alternative Finance, will invest in a range of small to medium enterprise loan assets which will be managed by GLI Asset Management. The trust's board is seeking to raise a minimum of £100m during the initial public offering through the issuance of ordinary shares, which it intends to trade on the main market of the London Stock Exchange. The group had been considering the launch of the product since earlier in the year. The trust will access the loans primarily through a portfolio of alternative lending platforms. A seed portfolio of existing GLI loan assets,...