Pollen Street sells Funding Circle ABS exposure

Funding Circle
By Owen Sanderson
01 Nov 2018

P2P Global, a listed investment fund managed by Pollen Street Capital, which buys marketplace loans across Europe and the US, has sold 95% of its exposure to the most recent securitization of Funding Circle loans, which it sponsored in May.

The fund said in its most recent update that during the last quarter it sold 95% of its exposure to SBOLT 2018-1, a securitization of SME loans which P2P Global sponsored in May, and which securitized loans originated over Funding Circle’s online lending platform.

At the time it ...

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