Guernsey: Carey Olsen Advises On Launch Of GLI Alternative Finance PLC
Last Updated: 9 October 2015

Carey Olsen's investment funds practice in Guernsey has advised in respect of the launch of GLI Alternative Finance PLC which closed on the 23 September following a successful fund-raising of £52.66 million.

GLI Alternative Finance PLC (GLAF) is a closed-ended fund trading on the London Stock Exchange's Specialist Fund Market with a loan portfolio diversified by geography, size of loan, type of lending and duration. This diversity lies at the heart of the fund's strategic position with the largest exposures coming from four different segments of the alternative finance space: peer-to-peer business lending, trade finance, commercial property finance and balance sheet lending.

Managed by GLI Asset Management Limited, an asset management subsidiary of GLI Finance Limited, the fund aims to provide investors with access to the alternative finance market with a target of a 'high single digit' yield.

Carey Olsen partner Ben Morgan and senior associate John Scanlan worked on the Guernsey aspects of the launch.

Advocate Morgan said: "This fund is unusual from a technical perspective in that it is, as far as we can tell, the first Guernsey registered fund that is also a UK PLC."

"The selection of Carey Olsen to advise is testament to our strong reputation for LSE listed funds particularly in the Specialist Fund Market where both Guernsey and Carey Olsen continue to dominate."

GLI Finance is a specialist provider of finance to small and medium sized enterprises and is quoted on the AIM market of the London Stock Exchange. GLI Finance invests in loans to SMEs and originates finance for SMEs through a variety of finance platforms.

Institutional Broker and corporate advisor, N+1 Singer, acted as financial adviser, broker and placing agent to the company.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

In association with
Press Releases from this Firm
Recent Content from this Firm
By Elaine Gray, Mark Dunster, Siobhan Riley, Huw Thomas, Carly Parrott, Luke Sayer, Sarah Townsend, Leonie Corfield, Alexandra Gill, Tarina Le Boutillier, Tim Molton
By Russell Clark, Konrad Friedlaender, Natasha Kapp
By Christopher Anderson, Chris Hutley-Hurst
By Michael Makridakis, Jan Golaszewski, Dhanshuklal Vekaria, Yang Yang
By Annette Alexander, Arya Hashemi, Felicity White
By Ben Morgan (Guernsey), Adrian Sarchet
By Andreas Kistler, Oliver Lindop
By Alistair Russell, Robert Coombes
By Keith Robinson, Andreas Kistler
By Nick Bullmore, Dylan Wiltermuth, Robert Coombes
Font Size: