Hedge Funds Discussed Buying LendingClub Loans, WSJ Reports

  • Talks involved proposals to fund as much as $5 billion
  • No agreement has been reached from the discussions with funds

Och-Ziff Capital Management Group, Soros Fund Management and Third Point are among the hedge fund firms that have in recent weeks discussed with LendingClub Corp. proposals to fund as much as $5 billion in loans, the Wall Street Journal reported, citing people familiar with the talks.

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