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BlackRock Finds Few Peers With $330 Million Book of Online Loans

The BlackRock Inc. offices in New York.

The BlackRock Inc. offices in New York.

Photographer: Scott Eells/Bloomberg

Seeking a loan online? There’s a chance your benefactor will be BlackRock Inc., the world’s largest asset manager.

The company, on behalf of its clients, scooped up more than $330 million of consumer debt arranged since November 2013 by Prosper Marketplace Inc., the so-called peer-to-peer lending platform that finds investors to fund borrowers, according to bond-offering documents. New York-based BlackRock is seeking to sell most of that debt to other institutions while retaining a risky slice.