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Patch of Land Names New CEO

LOS ANGELES—Oaktree Capital’s Paul Deitch is the new CEO of Patch of Land, replacing former CEO Jason Fritton, who will now serve as executive chairman.

Jason Fritton Jason Fritton is the co-founder and former CEO, and will now serve as executive chairman.

LOS ANGELES—Peer-to-peer lending platform Patch of Land has named Paul Deitch as CEO. He replaces the firm’s former CEO and co-founder Jason Fritton, who will now serve as executive chairman. Deitch most recently served as managing director at Oaktree Capital Management.

“We don’t see this as a change in leadership as much as we see this as an addition to the leadership. Jason is as involved if not more involved than he ever has been and will be,” Deitch tells GlobeSt.com. He brings 25 years of experience to the firm and a long list of success stories. At Oaktree, he expanded investment strategies and distribution channels and successfully executed the firm’s IPO in 2012. During his time managing operating infrastructure development, the firm grew from $50 billion to $100 billion in assets under management.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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