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.”