Emerald Acquisition Named Enterprise Award Finalist
For Best Investment Deal
(LEOLA, PA) – Emerald Asset Management, Inc., an investment holding company with approximately $3.2 billion in assets as of December 31, 2014, announced today that its acquisition of Direct Lending Capital, LLC has been named an Enterprise Award Finalist in the Best Investment Deal category.
The Enterprise Awards, presented by The Greater Philadelphia Alliance for Capital and Technologies (PACT), recognizes Philadelphia’s most prestigious companies, leaders and entrepreneurs that have demonstrated outstanding achievement in the technology and life sciences space.
“Being named a Finalist by the Enterprise Awards in the category of Best Investment Deal is
quite an honor,” said Emerald Chairman and CEO Joseph Besecker. “We are very proud to have
been named a finalist and we hope this recognition helps increase the awareness of our Direct
Lending investment strategy that seeks to provide current income through a diversified
portfolio of online marketplace generated loans.”
Emerald Direct Lending Advisers, LLC, the new advisory firm formed from the acquisition, offers professionally managed portfolios that invest in consumer loans and notes originated through various online lending exchanges. Emerald employs a proprietary methodology to screen loans and analyze credit quality, bundling larger numbers of loans together seeking to further reduce risk and diversify investor portfolios.
The direct lending or “peer to peer” industry matches lenders and borrowers through various online marketplaces like Prosper and Lending Club, potentially freeing both the borrower and the lender from the constraints and overhead associated with the traditional “bricks and mortar” banking system.