Alternative Credit Investments (), formerly Pollen Street Secured Lending and, before that, P2P Global Investments, is a British
investment trust
An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares.
...
. The company invests in consumer and small and medium-sized enterprise loans and in corporate trade
receivables. Launched in May 2014,
the company was listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
and was a constituent of the
FTSE 250 Index
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...
. The
chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...
is Stuart Cruickshank. On 17 September 2019 the company changed its name from P2P Global Investments plc to Pollen Street Secured Lending plc and on 20 October 2020 the company changed its name to Alternative Credit Investments plc.
In November 2020 Waterfall Asset Management made an agreed offer to acquire the company. On 11 March 2021 the High Court sanctioned the company's GBP 639.2 million takeover by US-based Waterfall Asset Management. Its shares in London were suspended on 15 March 2021 and delisted the day after.
References
External links
Official site
Investment trusts of the United Kingdom
2014 establishments in the United Kingdom
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