Stone Ridge Trust V - Alternative Lending Risk Prem Fund
LENDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 510 Madison Avenue New York NY United States of America 10022
- IPO Date
- Jun 3, 2016
- CIK
- 0001658645
- Website
- stoneridgefunds.com
- Similar Companies
- Business
- Stone Ridge Trust V - Alternative Lending Risk Prem Fund (LENDX) is a closed-end interval fund that seeks total return and current income by investing primarily in alternative lending-related securities offering exposure to the credit risk premium. The fund, managed by Stone Ridge Asset Management LLC, concentrates at least 80% of its net assets plus borrowings in whole loans, loan participations, pass-through certificates, asset-backed securities, fractional loans, and equity or debt securities of alternative lending platforms such as LendingClub and SoFi; it targets high-quality consumer, small business, and student loans to borrowers with above-average credit profiles (e.g., average FICO scores above 700), while prohibiting subprime loans, emerging market exposures, or platforms lacking audited financials from nationally recognized accounting firms. Headquartered at One Vanderbilt Avenue, 65th Floor, New York, NY 10017, the fund operates as a portfolio of Stone Ridge Trust V, a Delaware statutory trust organized in 2015, and provides quarterly repurchase offers of 5% to 25% of outstanding shares to offer limited liquidity, with shares offered continuously to qualified institutional investors and fiduciaries at a $15 million minimum. Geographically, it sources loans from U.S.-based platforms serving diverse borrowers for debt consolidation, working capital, education financing, and real estate investments, with potential foreign securities exposure but no emerging markets. Recent updates as of July 1, 2025, include an updated prospectus and statement of additional information reflecting ongoing portfolio management amid low interest rate sensitivity and quarterly distributions (e.g., $0.46273 per share ex-date September 19, 2025), building on prior equity gains from platforms like SoFi and Upstart IPOs that boosted returns to nearly 40% in one past year; no major acquisitions, funding rounds, or strategic shifts reported in the last 1-2 years.