P2P lending company Pertuity Direct, which launched in January this year, seems to go out of operation. A special meeting of the board of trustees of the National Retail Fund (the fund though which lenders invest in Pertuity Direct loans) took place “to approve the liquidation and distribution of all shares of the fund”.
Currently it is unclear what this means to investors and if past borrowers will be affected in any way. Currently it is not possible for new borrowers to apply for new loans and new investors can not sign up on the National Retail Fund website.
I’ll try to reach (former?) Pertuity Direct employees to comment on the situation and review the situation further.
(news broke via Prosper Lending Review)