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ILA Capital Launches Systematic Marketplace Lending Fund with a $100mm Commitment from Woodman Group

Boston, MA – Zug, Switzerland | ILA Capital, a Boston based fund manager has partnered with Woodman Group, a Swiss based investment firm, to launch a machine learning, marketplace lending strategy, with an initial $100m commitment. The short duration, high yielding strategy invests primarily in secured and unsecured loans to capitalize on the growing marketplace lending theme.

 

ILA Capital is an SEC registered, Boston based fund manager founded in 2015 by Chaired Harvard Business School professors Dr. Chris Malloy and Dr. Lauren Cohen; and career banker Tom Grant, with a vision to take advantage of pricing inefficiencies in marketplace lending. With an emphasis on deep learning, ILA has constructed an investment approach that improves loan selection while developing a better understanding of borrower behaviour to reduce defaults and better manage risk in the portfolio. In early 2018, ILA Capital partnered with Woodman, who in return committed $100m in investment capital. “We are honoured to have Woodman as partners as we launch our new marketplace lending fund. Woodman’s deep experience and global reach will be key in supporting ILA’s innovative approach to this growing asset class,” said Tom Grant, ILA Capital CEO. “As bank lending evolves, there is greater demand from borrowers to access capital through a process that suits the borrower in terms of convenience, time, and efficiency. For investors, it is about getting the right risk, with the right return. ILA Capital looks to be the premier firm in this evolving short duration, high yield investing space,” he continued.

 

Daniel Aaxman, founder and CEO of Woodman Group, said, “As a global investment manager, we believe that finding exceptional talent is a key part of our offering. With ILA, Woodman will provide a unique opportunity to deliver true innovation to our clients in the fixed income and the alternative investment space.”

 

“Our firm has had a relationship with the individuals who founded ILA Capital going back over a decade. Our cornerstone investment in their new fund shows our commitment to both ILA Capital as well as this growing space of investment management,” added Guilherme Azevedo, Head of Group Development and Strategy at Woodman.

 

This is not a solicitation and is intended solely for informational purposes. Please contact us with any questions.