The internet is finally coming to the loan market. Since the beginning of the year there has been a flurry of activity in this space, but with most of it being focused on the secondary market.
The main players appear to be as follows
- Ereorg The exchange was originally believed to have been started by a lawyer from Sherman and Sterling, with funding thought to have come from Warburg Pincus. The intention was to focus on distressed debt trading. Apparently the original pitch to banks did not go down too well as banks were not offered any equity participation. It has an offshoot in Japan in the form of a...
