P2P Global Investments (P2P), one of last year’s biggest investment trust launches, is seeking to capitalise on the interest in peer-to-peer lending with a £200 million C-share issue.

If successful the share issue will double P2P's size. It floated on the stock market last May, raising £200 million to invest in consumer and business loans originated on peer-to-peer platforms.

The trust has proved popular with demand pushing the shares to a 13% premium above net asset value, on a yield just over 5%.

In November P2P declared the first of its quarterly dividends and said it was looking to raise more money as it was close to deploying the capital it had raised.

It said it had expanded the number of platforms it was dealing with and had taken equity stakes in four of them.

The fund is managed by Jonathan Barlow and Simon Champ of Eaglewood Capital Management, an online lending specialist in New York backed by US hedge fund manager Marshall Wace.

A prospectus will be published soon and the issue is expected to close in a few weeks