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LendingClub and BlackRock Form $1 Billion Investment Partnership
ByAinvest
Tuesday, Aug 5, 2025 5:57 pm ET1min read
LendingClub partners with BlackRock for up to $1 billion investment through 2026. BlackRock completed a $100 million transaction under LendingClub's LENDR program in June 2025. LendingClub has sold nearly $6 billion in loans through structured certificates since April 2023. The partnership builds on BlackRock's initial $100 million investment and boosts LendingClub's market presence and credibility.
LendingClub Corporation (NYSE: LC) has announced a significant partnership with BlackRock (NYSE: BLK), where BlackRock-managed funds will invest up to $1 billion through LendingClub's marketplace programs through 2026. This agreement follows BlackRock's initial $100 million transaction under LendingClub's new LENDR (LendingClub Rated Notes) program, which closed in June 2025 [1].The LENDR program features 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 [1]. Since launching its structured certificates programs in April 2023, LendingClub has sold nearly $6 billion in loans [2].
Clarke Roberts, Senior Vice President and General Manager, Marketplace at LendingClub, stated, "Our partnership with BlackRock is an exciting step forward for 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" [1].
This partnership builds on BlackRock's initial $100 million investment and boosts LendingClub's market presence and credibility. LendingClub's advanced underwriting models and resilient bank foundation have enabled it to deliver lasting value to members, loan investors, and shareholders alike [1].
References:
[1] https://www.prnewswire.com/news-releases/lendingclub-and-blackrock-partner-on-loan-transactions-up-to-1-billion-302521713.html
[2] https://www.stocktitan.net/news/LC/lending-club-and-black-rock-partner-on-loan-transactions-up-to-1-16ix0vh4y66y.html
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