On Monday, Lend Academy and Emerald Asset Management announced they have formed a strategic partnership to develop an investment management business to be focused on opportunities in the marketplace lending industry.
Sharing details about the partnership, Emerald chairman and CEO, Joseph E. Besecker, explained:
“We believe that this is a powerful combination – bringing together an institutionally-focused investment manager and a leader in technology-driven marketplace lending solutions.”
“We are two companies that share a vision of the future of marketplace lending. We will grow a business grounded by experienced investment professionals and continuously evolving technologies.”
The new business will be guided by Emerald subsidiary, Emerald Direct Lending Advisers, LLC and NSR Invest.