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Direct Investment  + Alternative Assets  + Real Estate  | 
BlackRock Invests Up to $1B in LendingClub 

BlackRock Invests Up to $1B in LendingClub 

LendingClub Corporation announced that funds and accounts managed by BlackRock will invest up to $1 billion in consumer loans through LendingClub’s marketplace programs over the next two years, under a newly signed memorandum of understanding. 

The agreement follows BlackRock’s initial $100 million purchase in June 2025 under LendingClub’s LENDR (LendingClub Rated Notes) program, which offers multi-tranche securities with credit ratings from Fitch. In that transaction, all tranches were purchased by BlackRock-managed vehicles. 

The announcement marks a significant expansion of LendingClub’s marketplace model, which has now sold nearly $6 billion in loans through its structured certificate programs since launching in April 2023. 

“Our partnership with BlackRock is an exciting step forward for LendingClub,” said Clarke Roberts, SVP and general manager of Marketplace at LendingClub. “It also validates the strength of our underwriting, the effectiveness of our marketplace programs, and the trust we’ve earned as a counterparty of choice in this asset class.” 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.