Private alternative investment firm Looking Glass Investments (LGI) has unveiled a new fund. The LGI SPV II is a pooled investment fund with a $250,000 minimum investment. The fund is open ended.
“This second fund is going to have a higher average investment per investor,” LGI cofounder, president and COO Matt O’Malley said.
Using proprietary predictive analytics to evaluate loans in platforms such as Lending Club, Prosper, Funding Circle and Peerform, LGI lends funds to optimal borrowers on behalf of its investors. Earlier this year they opened what they believe to be the first marketplace lending research office.