RiverNorth Provides Access To P2P Loans In New Fund
FEB 1, 2017 @ 06:08 AM | by Julie Cooling | Forbes
Allen Webb, Senior Portfolio Specialist at RiverNorth Capital Management talks with Julie Cooling, Founder and CEO at RIA Channel about their new marketplace lending strategy, specifically, RMPLX. With roughly $30 billion in originations in 2016, peer-to-peer lending, or marketplace lending is still just a sliver of the overall lending market with lots of room to grow. This new asset class began in the UK in 2004 and hit the U.S. with firms such as Lending Club and Prosper.
The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.