GLI Alternative Finance (GLAF) 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.
With this sponsored research, it is important to bear in mind that QuotedData is being paid to write research by GLI Alternative Finance. However we have an additional conflict in this case as one of the authors of this note, James Carthew, is also a director of GLI Finance Limited. Nevertheless, as always, we have tried to make the note as balanced as possible, giving you the information you need to make your own mind up. James was excluded from the editing process.