LendingClub is an online marketplace connecting borrowers and investors. The company's subsidiary, LendingClub Asset Management LLC (LCAM), is a registered investment advisor that acts as the general partner for certain private funds and an advisor to separately managed accounts and funds. The company's subsidiary, Springstone Financial LLC, facilitates the origination of education and patient finance loans by third-party issuing banks. LC Trust I (the Trust), an independent business trust, acquires loans from the company and holds them for the sole benefit of certain investors that have purchased trust certificates issued by the Trust that are related to specific underlying loans for the benefit of the investor.