Victory Park Capital Advisors (Victory Park Capital) has been retained by newly formed, UK investment company VPC Speciality Lending (VPC) to serve as investment manager.
VPC completed its initial public offering of ordinary shares on the Main Market of the London Stock Exchange on 13 March.
As investment manager, Victory Park Capital will be charged with investing approximately USD300 million in opportunities within the specialty lending market primarily through online lending platforms.
“The significant growth in the specialty lending market through consumer and small business and direct lending electronic platforms and the success of the listing is a strong endorsement of our established track record and experience,” says Brendan Carroll, senior partner at Victory Park Capital. “We have a robust pipeline of investment opportunities, but are seeking to add others where we can back a capable management team with a sound business model, allowing us an attractive income stream coupled with the potential for capital appreciation.”
Richard Levy, CEO and founder of Victory Park Capital, says: “The public vehicle is a good strategic fit for our platform, giving us the ability to offer longer-term capital to our borrowers.”