Growth Street to repay all investors in full
Growth Street has announced today that their investors will receive 100% recovery of balances assigned on the occurrence of the Resolution Event called in June 2020.
Kim Goetzke, COO of Growth Street said: “Returning as much of each investor’s assigned balance, as quickly as possible, has been a core focus since we declared the Resolution Event in June of last year.
We have been able to return investor funds faster than expected due to the success of the recovery process and it is testament to the quality of our systems, underwriting, monitoring and recovery processes.
I want to thank our team for their efforts – returning 100% of assigned balances is a great source of professional pride for us. I also want to thank our investors for their patience and support whilst we navigated this process.”
Following this announcement, Growth Street will move to streamline business operations further in order to ensure that it can continue to collect against outstanding balances and meet its obligations to its remaining creditors.