Smart Lenders AM, a France-based asset management firm that is focused on loan portfolios from online lenders, is celebrating the 5th anniversary of its Moonstone Lending Fund (MLF) SIF SICAV launched in July 2016. Smart Lenders moved from London to Paris in 2018.
Smart Lenders’ primary activity is to select loans and construct portfolios using algorithms targeting consumer and SMB loans in the US and Europe. Since its launch, Smart Lenders AM has invested in over $1bn of loans on behalf of European institutional and professional investors.
The company states that with five years of positive performance and inflows the decorrelated asset-class strategy is reaching critical size with US$350 million in assets under management. Smart Lenders describes its progress as an endorsement of its investment strategy.
Smart Lenders was recognized as the Young Innovative Company (JEI) from the French government in Spring 2019.
Key data points of the Moonstone Lending SICAV:
- Short duration of 13 months
- Low volatility of 2%, including covid crisis
- $1 billion in loans purchased / 100,000+ loans purchased in the US – 120 platforms studied / 20 selected
- $470 million raised in our various vehicles
- $350 million outstanding in the SICAV launched in July 2016
Erich Bonnet, founder of Smart Lenders AM, commented:
“Our expertise has enabled us to perform well during the covid crisis and to demonstrate the resilience of our business model. We continue to offer simplified access to this new asset class to many professional investors. Finally, we are supporting the European Fintech ecosystem with Pledge and Mansa.”