Investors wary of marketplace ABS in 2018 as up cycle ages

By Sasha Padbidri
19 Dec 2017

Interest in marketplace loan ABS from investors picked up in 2017, but some are now saying they could sit things out in 2018 as credit concerns grow and a lack of data presents problems in the late stages of the credit cycle.

ABS issuance from the sector doubled from $3.4bn in 2016 to $7bn in 2017, with SoFi issuing more than $3bn, according to data from JP Morgan. The introduction of multi-seller platforms from SoFi, Lending Club, Marlette Funding and Prosper Marketplace also drove liquidity for the sector, while new ...

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