Alpha Group International Limited (LON: ALPH) officially announces the launch of Alpha Match digital debt intermediary service, providing a more transparent and efficient financing process for private funds.

Launch of Digital Debt Intermediary Platform

The platform boasts a fair database with profiles of over 290 borrowers, enabling borrowers to instantly screen their fund financing needs and find the most suitable lenders and terms. This move comes amid increased regulatory pressure and consolidation in the fund financing sector, leading to a liquidity gap, particularly affecting small and medium-sized private funds.

"Alpha Match is a technological solution that can instantly validate standards across a wide range of data points," said Sam Marsh, CEO of Alpha Group's Institutional Division. "We are making debt intermediation efficient, cost-effective, and inclusive for everyone."

This launch also coincides with increasing scrutiny from limited partners, with the International Limited Partner Association (ILPA) expected to release specific net asset value (NAV) guidance documents in May.

Clients can utilize the platform in various ways, from simply confirming existing borrower conditions to fully outsourcing the debt initiation process. Additionally, borrowers have the opportunity to initially screen their requirements on the company's website to determine how many borrowers meet their basic criteria. The platform's modular design enhances its flexibility and utility.

Dividends and Performance

In March, a London-listed company released its audited financial statements for 2023, with a full-year basic earnings per share of 206.2 pence, a 124% year-on-year increase, while underlying earnings per share remained at 76.7 pence. These results confirm the preliminary data reported in January.

The company announced a final dividend per share of 12.3 pence, bringing the full-year dividend to 16 pence per share, compared to 14.4 pence per share in 2022. Additionally, the company launched a £20 million share buyback program, initially announced in January. The shares will be repurchased at a price of 0.2 pence per share, representing a 35.5% premium.

At the end of last year, the company completed the acquisition of Trading Services B.V. (commonly known as Cobase), which was first announced on September 12, 2023, and received approval from the Dutch Central Bank.