Most Innovative Open-Ended Debt Fund: Princeton Alternative Income Fund (PAIF)

Investor Review Magazine have announced the winners of the 2016 Single Manager Awards.
As diversification becomes the investment industry watchword many single manager funds are being overlooked, despite the numerous advantages including reduced fees, elimination of netting risk and the focus on specific investments or strategies, which can be useful for those looking to invest exclusively in one type of product eg. ethical investments.

Princeton Alternative Funding Adds Accomplished Executives to Management Team

Princeton Alternative Funding, LLC today announced the appointment of Howard Davner as Chief Executive Officer, Jack Cook as Chief Operating Officer and Chief Compliance Officer, and Jeff Davner as Executive Vice President.

"We're pleased to welcome this experienced executive team to lead Princeton Alternative Funding's next phase of growth," said Walt Wojciechowski, Chief Financial Officer of Princeton Alternative Funding. "They each have a deep understanding of the market and a track record of success. As a team, we're confident they'll achieve even more for our fund and clients."

HEDGE FUND ALERT – Strong Start for Princeton Alternative

Startup Princeton Alternative Funding is beating its return target.

Princeton Alternative finances subprime consumer loans through a vehicle called Princeton Alternative Income Fund that launched on March 3. As of Nov. 30, the firm was posting a 12.5% return for a class that distributes interest payments to investors. That translates into an annualized return of 16.6%, topping its goal of 13-15%.

Balance Credit Secures $100,000,000 in Additional Funding

SunUp Financial, LLC, (dba Balance Credit), a leading online lender to hardworking families and individuals, announced today it has secured $100,000,000 in growth capital from Princeton Alternative Funding, LLC (PAF).  This credit facility will enable Balance Credit to expand its offerings of unsecured personal loans and credit services to assist people with urgent cash needs. Loans provided by Balance are a quick and convenient alternative to payday and title loans.

Read More »

Non Banks rethink the lending marketplace.

After underwriting loans at Citigroup just after the 2008-’09 recession, David Snitkof concluded that even in a healthy economy there had to be a better way to lend. Banks were pulling back from making loans of all kinds, and the market seemed increasingly unattractive to everyone but distressed-debt investors. Many institutional investors weren’t comfortable with that kind of risk, so opportunities to buy debt dried up.

Read More »

HEDGE FUND ALERT - Lending Strategy Wins Support

Princeton Alternative Funding is well ahead of its fund-raising schedule for a vehicle that finances subprime consumer loans.
The Princeton, N.J., firm had hoped to debut its Princeton Alternative Income Fund with “friends and family” money, then raise up to $50 million from outsiders by yearend. But the fund launched on March 3 with about $50 million of committed capital — prompting the manager to lift its yearend equity-raising goal to $100 million.

HEDGE FUND ALERT - Credit Tracker Backs Fund Affiliate

A new hedge fund firm is positioning itself to finance companies that write subprime consumer loans.

Princeton Alternative Funding is starting a marketing campaign for its Princeton Alternative Fund this week, with the goal of raising $50 million by year end. It would use the capital to offer lines of credit to "alternative" lenders whose borrowers have poor or no credit histories, with the typical line of credit about $250,000.

Princeton Alternative Funding announces launch of Princeton Alternative Income Fund

Princeton Alternative Funding recently launched the Princeton Alternative Income Fund in order to provide lines of credit to finance companies that offer short term loans in the non-prime and alternative market.

Princeton Alternative Funding (PAF) aims to serve the non-prime and alternative markets with the recent launch of the Princeton Alternative Income Fund, which will supply finance companies with new lines of credit. PAF is in a key position to become a financial resource due to its ability to monitor both traditional and non-traditional data within the credit market.