Business
LendingClub and BlackRock Partner on Loan Transactions Up to $1 Billion
LendingClub Corporation (NYSE: LC) today announced the signing of a memorandum of understanding by which funds and accounts managed by BlackRock (NYSE: BLK) investment advisors will invest up to $1 billion through LendingClub's marketplace programs through 2026.
About this update from Blackrock, Inc.
[{"type":"text","content":"SAN FRANCISCO, Aug. 5, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced the signing of a memorandum of understanding by which funds and accounts managed by BlackRock (NYSE: BLK) investment advisors will invest up to $1 billion through LendingClub's marketplace programs through 2026.","length":310,"tagName":"p"},{"type":"image","alt":"LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S.","displaySize":"","headline":null,"caption":"LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":58,"url":"https://media.zenfs.com/en/prnewswire.com/bf404b989d71af85ca484ab368268875"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bUJQDZpT788FNSXLRlcNjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bf404b989d71af85ca484ab368268875","width":400,"height":58}},"href":"https://mma.prnewswire.com/media/76307/lending_club_logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Our partnership with BlackRock is an exciting step forward for LendingClub," said Clarke Roberts, Senior Vice President and General Manager, 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. We want to thank BlackRock for their collaboration and execution, and we look forward to growing this partnership over time."","length":510,"tagName":"p"},{"type":"text","content":"This agreement follows BlackRock's first transaction of $100 million under LendingClub's new LENDR (LendingClub Rated Notes) program, which closed in June 2025. Building on LendingClub's successful structured certificates program, LENDR offers multiple tranches, each with a credit rating from Fitch. Under the June 2025 LENDR transaction with BlackRock, all tranches were sold to funds and accounts managed by BlackRock. Combined, LendingClub has sold nearly $6 billion in l...