It was almost seven months ago when the news first came out about a massive deal that was in the works...
The Wall Street Journal is reporting today on a potential $5 billion investment into Prosper loans. This deal has not...
Dan Loeb of Third Point is the latest hedge fund to invest in marketplace lending; the hedge fund manager has reported a 10% allocation to marketplace loans and says that he will be reducing his investment in structured credit and specifically residential mortgage backed securities to allocate to the fixed income alternative; Loeb says he is working with marketplace lenders on securitized portfolios and is excited about the investment opportunities available in the marketplace lending market; the firm also has a venture capital business, Third Point Ventures, which is invested in SoFi, Upstart and Swift Capital. Source