The Funding Circle SME Income investment trust was launched in 2015 to invest in Funding Circle loans originated in the UK, US, Germany and the Netherlands; the FT is reporting that following a period of lower than expected returns the fund is being wound down in an orderly fashion and money will be returned to investors; the company said it intends to launch two new institutional funds to back loans on its platform – a UK private direct lending fund and a UK bond product. Source.
