European Investors Looking to Back US Consumer Loans

Dynamic Credit is an asset manager that started in New York but has strong European ties; they have launched their new Diversified Loan Fund with seed investments from Dutch and German institutional investors; they have already deployed money into US consumer loans originated by LendingClub and Prosper; while it is not a Covid fund specifically it will be taking advantage of opportunities to buy portfolios of performing loans from distressed sellers; offered in both US dollars and Euros the fund seeks to deliver returns in the five to seven percent range; Matt Kus, Director of Business Development at Dynamic Credit said, “We are very confident that this strategy, as we’ve developed it, is going to allow us to deliver stable returns through this turmoil because of that intense quantitative, focused on active selection”. AltFi.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.