Blog

PLUM Lending Secures Series B Equity Investment with Elliott Management

Plum Announces Series A investment by Renren Inc.

SAN FRANCISCO, April 17, 2018 /Business Wire/ -- PLUM Inc., a San Francisco based fintech lender, announced today a Series B equity investment by the $35 billion hedge fund, Elliott Management.

Bill Fisher, PLUMs founder and CEO, said “Elliott Management is generally recognized as one of the savviest investors of the modern era, and PLUM is proud to partner with them in rapidly scaling our breakthrough business model into a national commercial real estate franchise”. Elliott’s decision follows earlier investments in PLUM by QED Investors and Renren Inc.

About PLUM: PLUM is using data science and artificial intelligence to re-imagine the $4 trillion commercial real estate mortgage market. To learn more, visit plumlending.com.

About Elliott Management: Elliott Management Corporation manages two multi-strategy hedge funds which combined have approximately $35 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest hedge funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Contact:
Julie Tyler
E: julie.tyler@plumlending.com

Related

Guide to Commercial Real Estate Closing Costs

Commercial real estate closing costs are the fees that are due before the closing of a commercial mortgage.

Read more >>
PLUM specialists help with commercial real estate basics

The People Involved in Your Commercial Real Estate Loan

Commercial lending is a team sport and there are many players involved in your loan.

Read more >>
Investment for alternative property types from PLUM

Smart CRE: Glamping at Inn Town Campground in Nevada City, CA

Much like Crested Butte, CO (which we spotlighted here), Nevada City is a small, former miner town of just over 3,000 people.

Read more >>

Meet Your Originator: Christopher Blais

Blog Meet Your Originator Christopher Blais: Chris is EVP of…

Read more >>