VPC Specialty Lending Investments has sold its Prosper marketplace loans.
The loans represented c4.1% of the company's net asset value (NAV) as at 31 October 2017.
The sale reduces VPC's marketplace loan exposure to 3.3% and will reduce the company's NAV by approximately 0.56%.
VPC is currently reallocating capital away from marketplace lending investments into balance sheet investments which it says have generated higher returns with lower volatility.
The Prosper sale proceeds have mostly been reinvested into two new balance sheet investments, as well as other existing balance sheet investments.
VPC expects the balance sheet investment exposure to increase to approximately 79% by 31 December 2017.
At 8:02am: (LON:VSL) VPC Specialty Lending Investments Plc share price was -0.5p at 77.25p