- Business
- Marble Point Loan Financing Limited (MPLS.L) is a Guernsey-domiciled closed-ended investment company focused on generating stable current income and net asset value growth through a diversified portfolio of US dollar-denominated, broadly syndicated floating rate senior secured corporate loans. Incorporated in 2016 and listed on the London Stock Exchange in 2018, the company is headquartered at 1st and 2nd Floors, Elizabeth House, Les Ruettes Brayes, Saint Peter Port, Guernsey; it principally obtains exposure to loans via its wholly owned subsidiary MPLF Funding Limited, which invests directly and indirectly through collateralized loan obligations (CLOs) such as equity and debt tranches of Marble Point CLOs, loan accumulation facilities (LAFs), and related vehicles managed by affiliate Marble Point Credit Management LLC, including recent commitments to Marble Point CLO XXIV and XXV. The investment manager, a specialist in leveraged loans with approximately US$7.8 billion in assets under management as of late 2022, employs a disciplined credit selection process emphasizing loan-to-value ratios, relative value analysis, and active portfolio management to preserve principal value. In recent developments, the company's investment manager was acquired by Investcorp in early 2023, integrating it into a larger credit platform managing over US$22 billion in assets; Marble Point announced a liquidating share class distribution in August 2024 and requested cancellation of admission to trading on the London Stock Exchange effective September 20, 2024, marking a significant wind-down of its public listing.