Peter Thomson, chairman of Thomvest, has made an investment of undisclosed amount in Broad-Based Consumer Credit Fund, a vehicle managed by LC Advisors, a wholly owned subsidiary of Lending Club, a San Francisco, CA-based platform for investing in and obtaining personal loans.
Mr. Thomson is also an investor in the Lending Club’s Conservative Credit Fund, managed by LC Advisors, which is an investment advisor registered with the Securities and Exchange Commission. It was founded in 2011 and registered in November 2011.
As of July 1, 2012, the Broad-Based Consumer Credit (Q) Fund invested in more than 16k 36-month and 60-month consumer loans across Lending Club’s full range of credit grades.
Last June, the company, which is led by CEO Renaud Laplanche, raised $15m in funding from Kleiner Perkins Caufield & Byers (KPCB) and appointed Mary Meeker, general partner at KPCB, to its board of directors. In addition to KPCB John Mack, board member of Lending Club, made a $2.5m equity investment in the company (read here).