Jefferies readies first rated prime Lending Club ABS

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By Sasha Padbidri
07 Feb 2017

Jefferies is underwriting a rated marketplace loan ABS for Arcadia Funds that will see prime consumer loans from Lending Club bundled into a securitization for the first time, sources told GlobalCapital on Tuesday.

Arcadia Funds is the sponsor of the deal, with Jefferies being tapped as the underwriter, said a person with knowledge of the offering. A second source familiar with the deal added that the 144a transaction, which could top $300m, is expected to enter the market before the SFIG ...

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