Alternative lender LendingClub has shuttered five of its investment funds and re-branded its investment advisor subsidiary, LC Advisors, to Lending Club Asset Management.

The total value of the five funds comes to about $376 million, one fund carrying the majority of that figure with a $318 million portfolio. The company is shutting down that particular fund thanks to poor performance and “accounting issues,” as reported by the Wall Street Journal yesterday.

LendingClub is also looking to sell and close the assets in a sixth fund, according to reports.

Following this news, LendingClub also announced that LC Advisors, the subsidiary managing these funds, which was founded in 2011 as an investment advisor, has been rebranded as LendingClub Asset Management, or LCAM.

LCAM is looking to move forward with its asset management business thanks to the rebrand, citing that it is “committed to democratizing access to the consumer credit asset class and to leading innovation within the industry,” according to company statements.

Read more at MarketsInsider and the Wall Street Journal (Paywalled).