Prosper Capital LLP enters creditors' voluntary liquidation
FCA-authorised AIFM Prosper Capital LLP entered creditors' voluntary liquidation on 1 June 2026 and applied to cancel its authorisation.
The failure of an FCA-authorised alternative investment fund manager highlights ongoing fragility in the small AIFM segment and risks to investors via appointed representative arrangements. Firms with exposure should assess redemption, custody, and successor manager arrangements.
Highlights AIFM sector vulnerability and appointed representative oversight risks under FCA's tightened AR regime.
Action Required
Assess counterparty and investor exposures to Prosper and monitor appointed representative unwind risk.
Illustrates AIFM insolvency dynamics and continuing FCA scrutiny of appointed representative networks.
Review counterparty exposure to Prosper and its ARs. Confirm processes for orderly wind-down of AIFM relationships, investor communications, and transfer of fund management responsibilities.
“On 1 June 2026, Prosper Capital LLP (FRN 453007), an FCA-authorised alternative investment fund manager, went into creditors' voluntary liquidation with joint liquidators appointed from BTG Begbies Traynor. Prosper has applied to cancel its FCA authorisation.”
Published: 2026-08-02