P2P lending specialist Prime Meridian Capital Management is launching a new fund dedicated to giving investors the opportunity to put money into in the P2P small business lending space.
“Prime Meridian’s Income Fund was one of the first P2P lending funds in the United States, with over 29 consecutive months of profitable returns without a single drawdown, and has a well-established track record. Building on this success, Prime Meridian, an affiliate of Novus Investments, has expanded its offerings by moving into the small business P2P lending space,” PMCM noted in it web site.
Prime Meridian launches its fund as LendingClub prepares for an IPO, which some are expecting before Thanksgiving.
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