P2P Global Investments, the U.K. investment trust created following Marshall Wace's majority acquisition of Eaglewood Capital Management, will list on the London Stock Exchange with the aim of raising £200 million ($336.1 million), said a spokesman for Marshall Wace.
The company will invest across platforms, asset classes, geographies and credit risk bands, according to a news release. It may also invest in the equity of peer-to-peer and direct lending electronic platforms.
Marshall Wace, which announced its intention to acquire a 90% stake in online lending specialist manager Eaglewood Capital in April, acts as investment manager to the company. Eaglewood Capital Management is a second manager on the trust.
A prospectus is expected to be issued early next week.
“P2P Global Investments is to be the first U.K.-listed company dedicated to investing in loans originated by leading peer-to-peer and online lending platforms worldwide,” said Jonathan Barlow, CEO of Eaglewood Capital. “By conducting rigorous platform due diligence and deploying the robust portfolio and risk management processes of our investment manager, our objective is to provide permanent funding to the sector while also offering the potential for capital growth and an attractive dividend income to investors.”