Asset Manager

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GLI Finance

GLI Finance is a Guernsey-domiciled loan company listed on the AIM market of the London Stock Exchange (ticker GLIF). The company's objective is to produce a...

GLI Finance

GLI Finance is a Guernsey-domiciled loan company listed on the AIM market of the London Stock Exchange (ticker GLIF). The company's objective is to produce a stable dividend yield and preserve net asset value. GLI Finance has made 8 investments, including a 2016 investment in Sancus Lending, and has exited 2 portfolios, with Sancus Lending being its most recent exit on March 15, 2023.

General information

Firm type

Asset Manager

Year founded

2005

Location

Region

Europe

Country

Guernsey

City

St Peter Port

Corporate office

St Peter Port, Guernsey

Additional offices

New York, United States

Principals

Geoffrey Miller

Chief Executive Officer

Sector focus

Private CreditFinTechReal Estate

Frequently asked questions

What was GLI Finance's investment thesis?

GLI Finance aimed to be a permanent capital vehicle providing debt and equity to alternative finance platforms, particularly peer-to-peer and marketplace lenders targeting small business borrowers. Its thesis was built on the premise that incumbent banks were retreating from SME lending post-2008, creating an origination gap that online platforms could fill. By offering secured credit lines to these platforms, GLI effectively served as the lender's lender, while its equity participation aimed to capture platform valuation upside as the sector consolidated.

What happened to GLI Finance?

After significant impairments related to marketplace lending platform exposures, GLI Finance underwent a multi-year strategic review and balance sheet restructuring. The firm shifted focus toward the Sancus BMS property finance platform, in which it already held a controlling stake. This culminated in September 2023 with a reverse takeover and formal name change to Sancus Lending Group, per London Stock Exchange filings. At that point, the GLI Finance legal brand ceased to exist as a separate entity.

Is GLI Finance structured as a single family office?

No. GLI Finance operated as a publicly listed investment company on the London Stock Exchange's AIM market. It did not manage the capital of a single family and was never a family office. The firm was designed from the outset to attract public market shareholders and invest alongside them in private alternative credit assets.

Where did the name GLI Finance come from?

The firm's original name derived from the Guernsey-based Anson Group's alternative investment operations. GLI Finance was incubated within Anson, a specialist offshore financial services and captive insurance group. The name 'GLI' was a legacy corporate designation; after a strategic pivot away from that parentage, subsequent management decisions led to the eventual rebrand under the Sancus name of its operating subsidiary.

Does GLI Finance still make direct investments?

The GLI Finance entity ceased making new independent investments following its legal dissolution and absorption into Sancus Lending Group. The renamed entity now focuses exclusively on originating, underwriting, and managing property-backed loans and bridge finance in the UK and Ireland. The FinTech platform equity play that defined the original GLI mandate is no longer active under that brand.

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