Buyers flock to BlackRock P2P landmark with 5x oversub

Investors showed their enthusiasm for the burgeoning marketplace lending sector this week, placing over $1.7bn of orders for BlackRock’s groundbreaking securitization of consumer debt originated through online platform Prosper. As the peer lending model becomes more popular, traditional consumer lenders are poised to adopt it — if the platforms they want to emulate don’t acquire them first.