Last checked at 
29 Jun 2020 13:45
29 June 2020
VPC Specialty Lending Investments PLC
(the "Company")
PORTFOLIO UPDATE
Earlier today the UK subsidiary of Elevate (NYSE: ELVT) was placed into administration by its board of directors. This subsidiary represents less than 5% of Elevate's overall business. The direct investment exposure of the UK subsidiary of Elevate in the Company as at 31 May 2020 was 1.2% of NAV. The Company's investment is fully secured by Elevate UK assets and benefits from a guarantee from the Elevate US parent company. We expect no impact on NAV or future performance as a result of this announcement.
For additional information, see Elevate's press release: https://www.elevate.com/newsroom-article.html?article=elevate-credit-exit-uk-market
Enquiries
For further information, please contact:
Victory Park Capital Brendan Carroll (Senior Partner and Co-Founder) Gordon Watson (Partner) | via Jefferies or Winterflood (below) info@vpcspecialtylending.com |
Jefferies International Limited | Tel: +44 20 7029 8000 |
Stuart Klein Neil Winward | |
Gaudi le Roux | |
Winterflood Securities Limited | Tel: +44 20 3100 0000 |
Neil Morgan | |
Chris Mills
| |
Link Company Matters Limited (Company Secretary) | Tel: +44 20 7954 9567 Email: VPC@linkgroup.co.uk |
About VPC Specialty Lending Investments PLC
VPC Specialty Lending Investments PLC (Company No. 9385218) is a UK listed investment trust focused on asset-backed lending to emerging and established businesses with the goal of building long-term, sustainable income generation. The Company identifies investment opportunities across various industries and geographies to offer shareholders access to a diversified portfolio of opportunistic credit investments originated by non-bank lenders with a focus on the rapidly developing technology-enabled lending sector.
Further information on VPC Specialty Lending Investments PLC is available at: http://vpcspecialtylending.com.
LEI: 549300UPEXC5DQB81P34