OUR PHILOSOPHY

Smart Lenders AM’s process is a clear and straightforward one. The company creates and maintains partnerships with a few high quality online platforms that are among the biggest and most established in the industry. These platforms give us access to their loan marketplace, where we use our advanced selection model to pick and choose individual whole loans for purchase. We then purchase the selected loans and hold them until maturity, collecting the cash flows throughout the duration of the loans.
It is important to underline that investments are held until maturity of the underlying loans, as there is currently no secondary market for these loans.
We do not use any leverage to purchase loans. The loans purchased are not packaged into any sort of derivative product. Investors receive shares representing their portion of capital invested into the vehicle used to purchase the loans and entitling them to an equivalent share of the performance of the underlying portfolio. There is no “ABS-style tranching” involved – all investors bear the same level of risk.

Smart Lenders AM’s portfolios are highly diversified across individual loans to ensure an optimal spreading of risk across risk factors and a direct exposure to consumer and small business loans dynamics.

STEPSTONES

First private investments

January 2013

First investments on Lending Club Loans with Proprietary Funds

Smart Lenders Asset Management is launched

September 2014

Start of the activity

Full-scope UK AIFM

February 2015

Smart Lenders Asset Management becomes AIFM Full Scope

Launch of Profit Participating Note programme

March 2015

Investment through the first compartment of Direct Lending investment SA (DL1). Issuance of Profit Participating Notes (PPN) invested in portfolios of consumer loans.

Launch of the Luxembourg SICAV

July 2016

Launch of the AIF, Moonstone Lending Fund 1
(formerly The Direct Lending 1)

Launch of the fifth Note

September 2016

In total, five PPN were launched for a total of $125mn invested in consumer loans.

First investments in Small Business Loans

June 2017

The SICAV starts investment in US Small Business Loans through a first platform specialised in Merchant Cash Advance.

Smart Lenders Asset Management transfers activities to France

January 2018

Smart Lenders Asset Management SAS, regulated by the AMF, becomes the new AIFM of the Moonstone Lending SICAV

Launch of Research Programme on Artificial Intelligence

June 2018

Joint research programme with Credit.fr on the applications of Artificial Intelligence to credit scoring and risk evaluation.

TEAM

Erich Bonnet

Erich Bonnet

CIO & CEO (Founder)
Jerome Camblain

Jerome Camblain

Partner, Business Development
Arnaud Beyssen

Arnaud Beyssen

Partner, CFO & Compliance Officer
Fabien Jullia

Fabien Jullia

Partner, Business Development
Jerome Huillard

Jerome Huillard

Deputy CIO
Anton Fogelman

Anton Fogelman

Credit quantitative analyst
Nathania Kosol

Nathania Kosol

Credit Analyst
Nicolas Chatellet

Nicolas Chatellet

Financial Controller
Jeremie Clerc

Jeremie Clerc

Developer & Data Analyst