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RiverNorth Capital launches marketplace lending fund

RiverNorthCapital Management LLC has launched a closed-end interval fund focusedon the online lending asset class.

Known as RiverNorth Marketplace Lending Corp., the fund willinvest in a mix of marketplace lending sectors, including unsecured consumer,small business, and specialty finance loan segments.

PatrickGalley and Philip Bartow are serving as co-portfolio managers ofthe fund.