Goldman are helping to list the Fund that will target a dividend yield of 6-7% per annum on the LSE. Retail investors will be able to invest their ISAs into the fund, meaning investing in the platform will become tax-free for the first time. The funds will be lent to small businesses in both the UK and U.S.
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Funding Circle plans to launch London-listed fund, raise £150M ($229M)
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London-based Funding Circle has become the first peer-to-peer lender to tap public markets as it announced the float of a fund to raise £150 million. Led by Goldman Sachs, the Funding Circle SME Income Fund is targeting 8-9% returns per year, with a dividend yield of 6-7%.
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