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Bonwick Capital Partners and Waterford Capital Close New “Peer to Peer” Consumer Lending Asset-Backed Securitization

May 12, 2014

NEW YORK--(BUSINESS WIRE)-- Bonwick Capital Partners and Waterford Capital proudly announces the completion of the Eaglewood Consumer Loan Trust 2013-1 asset-backed securities offering for Eaglewood Income Fund I, LP, a consumer credit fund managed by Eaglewood Capital Management LLC. Waterford Capital and Bonwick Capital acted as structuring and placement agents to execute the transaction for Eaglewood, which is an upsize of the first-ever securitization of peer-to-peer consumer loans. The transaction was a senior/subordinated structure that included $75,000,000 of Class A Notes and $25,000,000 of Class B Certificates and also featured a revolving period whereby collections will be reinvested in additional loans post-closing. The securities are backed by prime unsecured consumer loans that were purchased by Eaglewood’s flagship fund from LendingClub Corporation, which will also service the loans on Eaglewood's behalf.

About Bonwick Capital Partners

Bonwick Capital Partners is a full-service broker dealer dedicated to providing top tier service to institutional clients across sales and trading, investment banking and corporate advisory. Our clients rely upon our deep industry knowledge to assist them through the investment process, sourcing deals, conducting due diligence, capital raises and business solutions. Bonwick has a diverse global client base, which spans five continents, and these relationships allow us to address a wide range of client needs across different time zones and cultures. Bonwick is headquartered in New York City with offices in Chicago, Los Angeles and Beijing.

Bonwick Capital Partners

Lindsay Neilson, 212-257-5172

Source: Bonwick Capital Partners

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Source: Business Wire

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