{"id":37752,"date":"2013-09-03T10:16:05","date_gmt":"2013-09-03T14:16:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37752"},"modified":"2013-09-03T13:08:01","modified_gmt":"2013-09-03T17:08:01","slug":"petra-partners-launches-p2p-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/petra-partners-launches-p2p-hedge-fund.html","title":{"rendered":"Petra Partners Launches P2P Hedge Fund"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/launch_rocket_iphoto.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-27266\" alt=\"launch_rocket_iphoto\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/launch_rocket_iphoto-300x228.jpg\" width=\"300\" height=\"228\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/launch_rocket_iphoto-300x228.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/launch_rocket_iphoto.jpg 420w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) \u2013 While many others were off enjoying their vacations this summer, Petra Partners was busy preparing the launch of its latest fund for October 1, 2013. The fund will be credit-focused but will invest primarily in the burgeoning peer-to-peer (or \u201cP2P\u201d) lending space.<\/p>\n<p>\u201cP2P lending has been around for only for a few years (the first P2P business, Zopa, was founded in the UK in 2005 and, since then, many others have entered the space) but, in that time, platforms in the US and Europe have originated more than $3 billion in P2P loans,\u201d said Joshua Rand, COO and Principal of Petra Partners. \u201cLoan origination is currently growing at an average rate of approximately 8% to 10% per month, signifying a market \u2013 an asset class, actually &#8211; still in its nascent stages and with tremendous upside potential.\u201d<\/p>\n<p>\u201cMoreover, while the sheer scale and growth prospects for this niche are impressive, what makes this asset class extremely compelling as an investment opportunity \u2013 and the primary reason for which we are eager to raise a fund \u2013 is the consistent performance of the loans and the diligent manner in which they are originated.\u201d Rand said.<\/p>\n<p>The new fund has a 9%-12% net return target and Petra Partners anticipates both very low standard deviation and very little volatility, which they believe, according to Rand, \u201cis especially compelling in a \u2018ZIRP\u2019 world where people have been forced to be creative and look further afield in search of attractive, sustainable yield.\u201d<\/p>\n<p>Alex Akesson<br \/>\nFor\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) \u2013 While many others were off enjoying their vacations this summer, Petra Partners was busy preparing the launch of its latest fund for October 1, 2013. The fund will be credit-focused but will invest primarily in the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,3],"tags":[],"class_list":["post-37752","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-launches","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=37752"}],"version-history":[{"count":11,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37752\/revisions"}],"predecessor-version":[{"id":37787,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37752\/revisions\/37787"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}