Howard Freedland, CFA is the CEO and Managing Member of Online Lending Partners and Vice Chairman of LendingUSA and Sequoia Home Funding. Mr. Freedland formed Online Lending Partners in 2015 as a joint venture between two Southern California family offices, Harper Foster and Merage Investment Group, to invest in emerging alternative lending and private equity transactions. Mr. Freedland is a Principal, Managing Member, and Chief Investment Officer of Harper Foster.
In its first year of operations, Online Lending Partners was the seed investor in two alternative platforms, LendingUSA and Sequoia Home Funding. OLP also acts as the Managing Member of two related SPVs of these companies with over $40 million invested as of June 30, 2016 and $150 million in committed capital.
Mr. Freedland brings extensive and varied experience in finance and operations to his investments. Most recently, he formed Direct Lending Advisors, one of the first institutional investors on the Lending Club and Prosper platforms. The funds he created have some of the longest running and best performing track records in the online consumer lending industry.
Mr. Freedland’s extensive operational background includes Chairman & CEO of National Water & Power, CEO of Open-C, and CFO of GE Capital–ResCom. His investment experience includes running the St. Paul Companies mutual funds, founding one of the first long/short equity hedge funds in the United States, September Investors, managing September Venture Associates, an early stage venture capital firm, and sitting on numerous public and private boards of directors.
Mr. Freedland has spoken at numerous conferences on Marketplace Lending including LendIt as well as at numerous Family Office conferences. Mr. Freedland has been an active member of the CFA Institute since 1986 and was a lecturer in Finance at the University of Minnesota where he is credited with co-creating the formula Net Terminal Value.
Mr. Freedland and his wife Annie are extremely active in a wide-range of charitable activities. They have three children and one grandchild.