Exclusive: Eyeing defaults, U.S. direct lender Colchis Capital to shut funds
Share:
BOSTON (Reuters) - San Francisco-based Colchis Capital Management LP, a pioneer backer of online direct lending platforms, is winding down its main funds as disruptions caused by the novel coronavirus have started to hit its consumer and real estate loans, according to materials reviewed by Reuters."The largest risk to the Colchis Income Funds is unemployment for our consumer loans and weakness in the housing market for our bridge real estate loans," Colchis Chief Investment Officer Robert..