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13

Online Lender Draws QED, Blackstone in $171 Million Fundraising

By Tony Seruga

Future Finance has been offering U.K. student loans since 2014
Most of the money raised will be used to boost lending

Future Finance Loan Corp., a two-year-old startup that lends to students online, raised 119 million pounds ($171 million) from firms including QED Investors, and Blackstone Group LP to expand its business and fund new loans.

The fundraising includes 100 million pounds for loans, supplementing an existing facility from Goldman Sachs Group Inc., according to a statement from the Dublin-based company. Investors in its equity include QED, Blackstone Strategic Opportunity Fund and other money managers focusing on startups, private-equity holdings, credit investments and consumer-lending operations…

Online Lender Draws QED, Blackstone in $171 Million Fundraising

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