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Post by Ace on Aug 17, 2021 12:58:25 GMT
#2817 investment launch. 29% filled. I've not had an email for this yet. However I also get some very late emails from crowdproperty and I don't get any secondary market emails from landlordinvest any more. These platforms probably use a lot of common cloud email infrastructure. Hard to say if they are related or not, I know the crowdproperty emails are leaving their primary server and getting stuck on an intermediate server, who knows how many get dropped rather than eventually being forwarded.
Yesterday's email only went to those that were already invested in the earlier loan for the same case. The idea was to give those investors that had already supported the case a chance to invest before advertising the case more widely.
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Post by Ace on Aug 17, 2021 20:07:35 GMT
2817 is now filled.
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Nomad
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Post by Nomad on Aug 18, 2021 8:27:12 GMT
51% funded, 13 days till offer closing. Yes, it will be a shame if this one doesn't get funded. Especially with its partial capital protection. I wonder why this one is struggling to fill when others are gone in days?
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 18, 2021 8:45:03 GMT
#2738 is larger than most at £535000 (quick scoot around suggests £550000 is the largest of 12 funded).
£230000 with 100 investors /£255000 with 111 investors, being the next largest.
Maybe there is a lack of platform investors.
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liso
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Post by liso on Aug 26, 2021 8:24:50 GMT
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 26, 2021 16:10:10 GMT
#2738 institutional investor to fund in 2 weeks.
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Post by overthehill on Aug 30, 2021 18:36:04 GMT
There was already a secondary market on the website, looks like they have changed or upgraded it. There are two cases on it just now, it's the first time I've seen this. I'm not sure how much interest there will be at the asked for premium above par. Am I missing something 
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Post by Ace on Aug 30, 2021 21:49:51 GMT
There was already a secondary market on the website, looks like they have changed or upgraded it. There are two cases on it just now, it's the first time I've seen this. I'm not sure how much interest there will be at the asked for premium above par. Am I missing something
Nothing showing on the SM now for me. Perhaps they've already been sold, or perhaps there was some live testing going on. I haven't received anything to say its up and running yet. I gave it a try, without the final confirmation. Only case 2244 was eligible to sell.
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Post by overthehill on Aug 31, 2021 8:18:41 GMT
There was already a secondary market on the website, looks like they have changed or upgraded it. There are two cases on it just now, it's the first time I've seen this. I'm not sure how much interest there will be at the asked for premium above par. Am I missing something
Nothing showing on the SM now for me. Perhaps they've already been sold, or perhaps there was some live testing going on. I haven't received anything to say its up and running yet. I gave it a try, without the final confirmation. Only case 2244 was eligible to sell. 2244 was one of them and 2072 was the other. Been bought or withdrawn. One of them had a 50% premium, fair enough!
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Post by Ace on Aug 31, 2021 9:02:05 GMT
Nothing showing on the SM now for me. Perhaps they've already been sold, or perhaps there was some live testing going on. I haven't received anything to say its up and running yet. I gave it a try, without the final confirmation. Only case 2244 was eligible to sell. 2244 was one of them and 2072 was the other. Been bought or withdrawn. One of them had a 50% premium, fair enough! I missed out on 2072, so that would be why that one doesn't appear on the sellable list for me.
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Post by wiseclerk on Aug 31, 2021 9:36:58 GMT
There does not seem to be a button to put own investments up for sale on the secondary market, or is there? I therefore assume it is manual going through suppport? Just curious, not really looking to sell.
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Post by Ace on Aug 31, 2021 9:51:30 GMT
There does not seem to be a button to put own investments up for sale on the secondary market, or is there? I therefore assume it is manual going through suppport? Just curious, not really looking to sell. To sell, you select the Secondary Market then there's a dropdown list to select any sellable loans you hold. You then specify the price and amount you want to sell, subject to a few criteria.
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Post by wiseclerk on Aug 31, 2021 10:29:55 GMT
Thx found it. Apparently only 1 out of four in my portfolio is eligible. And maximum premium allowed for that is 25%
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Sept 1, 2021 13:28:55 GMT
There was already a secondary market on the website, looks like they have changed or upgraded it. There are two cases on it just now, it's the first time I've seen this. I'm not sure how much interest there will be at the asked for premium above par. Am I missing something
The Official SM launch info e mail. AxiaFunder is pleased to announce the launch of its automated Secondary Market operating as a Bulletin Board (“Secondary Market”), offering investors secondary trading functionality. The technology was developed by ShareIn Ltd.
This facility will provide sellers with the potential to reduce their minimum holding periods on investments which would otherwise typically take two to three years to reach an exit. It will also help sellers to manage liquidity and risk. Buyers will be able to access cases that are already funded – enabling increased portfolio diversification.
For claimants, we expect that the Secondary Market will in time become more liquid, which should tend to increase the availability of litigation funding while also lowering its cost.
The AxiaFunder Secondary Market will be carefully supervised. It will be important to ensure equal disclosure of information to buyers and sellers. It will not be possible to trade case investments close to key case events such as, for example, a mediation process or court hearing. Confidentiality of case information will be protected through the execution of non-disclosure agreements by all prospective investors.
AxiaFunder will monitor the proposed selling price for each investment. The sale price will depend on several factors including the contractual entitlement of the security over time if the case wins; the prospect of success; and the liquidity & risk preferences of the seller.
AxiaFunder has to date, funded 13 cases with a total amount invested of c £1.9 million. We expect to close 2 more offers in the coming weeks, which will increase the total funded to £2.5m. So far, 5 cases have resolved with an average annualized return for investors of 55%. 8 cases are ongoing. In the long term, adjusted for losses, we expect the platform will generate average investor returns of at least 20% per annum.
Case investments are uncorrelated with each other. There are therefore substantial benefits from building a diversified portfolio. Case investments are also of course uncorrelated with other asset classes and the broader economy. Some of the cases are partially principal protected via insurance, mitigating downside risk.
Find out more at www.axiafunder.com/secondary-market
For newly registered users, please ensure you have completed the onboarding process before requesting access to the offer details.
Litigation funding is relatively high risk. Capital is at risk. Returns are not guaranteed, and investors should carefully read and understand the risk warnings before participating. The AxiaFunder platform is only suitable for sophisticated and high net worth investors who have passed our risk-based questionnaire. Past performance is not a guarantee of future results.
Best regards,
AxiaFunder Team
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Post by overthehill on Oct 25, 2021 20:34:26 GMT
New (old) project available for funding for anyone thinking of adding litigation funding to the diversification spread.
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