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 company, public limited companies and are therefore closed ended since the fund managers cannot red ...

. 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 The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and was a constituent of the

FTSE 250 Index The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock ...

. The

chairman The chair, also chairman, chairwoman, or chairperson, 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 gro ...

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 Waterfall Asset Management (Waterfall) is an American alternative investment management firm headquartered in New York City. The firm's focuses investments in credit structured products mainly high-yield asset-backed securities (ABS). It also ...

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 {{UK-finance-company-stub