Tagged: victory park capital

Former Capital One Executive Troy Jamison Named First Chief Risk Officer at Victory Park Capital

Victory Park Capital (VPC), a Chicago-based investment firm focused on private middle-market debt and equity investments, announced on Wednesday it has appointed formed Capital One executive, Troy Jamison as its first Chief Risk Officer.  Jamison will reportedly oversee the assessment and management of risk within the firm’s… Read More

Applied Data Finance Increases Credit Facility with Victory Park Capital, Receives $6.5 Million Equity Boost

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, has announced that Victory Park Capital (VPC) has increased its existing credit facility with ADF from $50 million to $75 million. The facility has also been extended through 2021. Simultaneously, ADF raised $6.5 million… Read More

iZettle Secures €60 Million During Latest Funding Round & Appoints New CFO

iZettle, a European fintech company, announced on Wednesday it secured €60 million during its latest funding round, which is made up of equity from existing investors in a Series D extension as well as debt funding from Victory Park Capital through its credit fund, VPC Speciality Lending… Read More

PeerIQ & TransUnion Join Forces to Bring Data Transparency Solutions to Marketplace Lending

PeerIQ, a data and analytics provider in the marketplace lending sector, and TransUnion (NYSE: TRU), a global information solutions provider, today announced a strategic partnership to bring enhanced transparency and insight to alternative lending markets. “Our partnership with TransUnion is a significant milestone for us, and… Read More

Brief: Y Combinator Continuity Leads LendUp’s Latest Round to Grow L Card

LendUp has secured a $47.5M round to grow its L Card, a credit card touting no hidden fees and a flexible payback schedule;  the round was led by Y Combinator Continuity and joined by GV (Google Ventures rebranded), Thomvest Ventures, QED Investors, Data Collective, Susa Ventures, Radicle… Read More

Elevate Links with Victory Park Capital to Increase Credit Facility to $545M

Elevate, a provider of online credit solutions for non-prime consumers, today announced it has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment advisor dedicated to alternative investing, by an additional $100 million to a total of $545 million. “Elevate… Read More

Brief: Victory Park Capital Names Former Goldman Sachs Managing Director New Chief Investment Officer

Victory Park Capital (VPC), an investment firm focused on private middle-market debt and equity investments, announced on Tuesday former Goldman Sachs managing director, Upacala Mapatuna, has joined as chief investment officer. Upacala will reportedly bring more than 20 years of financial industry experience and over 15 years of investing experience to VPC. Richard Levy, CEO and founder of VPC commented:  “We… Read More

KKR / Victory Park Capital Lead $175 Million Securitization of Avant Consumer Loans

Victory Park Capital (VPC) and KKR have announced a $175 million asset-backed securitization of unsecured consumer loans originated via Avant, a direct lending platform. The securitization was priced on Nov. 13. The transaction pairing KKR and VPC is a first. According to company representatives, the… Read More

Brief: VPC Specialty Lending Says Recent Share Issue is 44% Invested

VPC Specialty Lending Investments (LSE:VSL) is a portfolio company that intends to generate an attractive return for holders consisting of dividend income and capital growth via investments in a diverse portfolio of specialty lending opportunities across the marketplace / P2P lending sector. This includes credit… Read More

PeerIQ Secures $2.5M in Follow-On Seed Funding for P2P Credit Risk Analytics Platform

PeerIQ, a financial information services company that connects peer-to-peer (“P2P”) lending to the capital markets by helping institutional investors analyze, access and manage risk, today announced that it raised $2.5 million in a seed-extension round. Participants in the round include new investor and customer Victory… Read More

Victory Park Capital to Issue at Least £200 Million in Shares. Will Invest in Direct Lenders

Victory Park Capital (VCP) has announced a new issuance of common shares to raise another £200 million for VPC Specialty Lending Investments (VSL). The offer price is expected to be £1.00 per C share. The shares presently trade on the LSE. According to the firm,… Read More

Marketplace Lending Platform Avant Closes $139M Asset-Backed Securitization Led by Jefferies; Secures $200M Credit Facility Led by J.P. Morgan & Credit Suisse

Marketplace lending platform, Avant, announced on Thursday that two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant’s funding total to $1.1 billion in debt financing, $334 million in equity financing and $400 million raised through the Avant Institutional… Read More

Behalf Secures $119M During Series B Round from New Investors MissionOG, Maverick Ventures, Victory Park Capital

Behalf, a payments platform targeted at small and mid-sized businesses, announced a Series B equity round and credit facility totaling $119M. MissionOG, an early to growth stage venture capital firm chaired by Gene Lockhart, the former CEO of MasterCard, led the equity round. Lockhart is joining… Read More

Access Granted: Ireland’s Small Businesses Soon To Access Low-Interest, Asset-Backed Loans, Funded By The State

  Asset-backed finance has been chosen as the next round of lending for the Strategic Banking Corporation of Ireland (SBCI), which was set up in 2014 to offer low-cost loans to lenders, according to a recent story in the Independent. The SBCI, led by Scotsman Nick… Read More

VPC Specialty Lending Investments Has Invested in 16 Different Marketplace Lending Platforms

VPC Specialty Lending Investments (LSE: VSL) has announced that it has invested net IPO proceeds into 16 different direct lenders, in the US, UK and Europe, covering both the consumer and SME loan space. VPC states that it continues to execute on its capital deployment… Read More

VPC Specialty Lending Confirms Shares Qualify for ISA Inclusion

VPC Specialty Lending Investments PLC, a listed fund that invests in peer to peer lending assets, has confirmed that the companies shares qualify for ISA inclusion. HM Revenue & Customs have announced that commending July 1, 2o15, savers may take advantage of this new asset… Read More

Brief: VPC Ahead of Investment Target in Direct Lending

VPC Speciality Lending Investments has issued a note stating they are ahead of their goal in deploying investor capital into online lending assets.  According to the Board of Directors, approximately 70% of net IPO funds have been invested in assets such as peer to peer… Read More

Brief: VPC Invests in Chicago based FinTech Company Avant

VPC Specialty Lending Investments has invested $11.7 million by way of a balance sheet loan in Avant a Chicago based company that offers consumer credit. VPC will now have committed more than 37% of the net IPO proceeds. Victory Park Capital Advisors, VPC’s investment manager,… Read More

VPC Specialty Lending Adds Positions in OnDeck, Funding Circle & Others

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired… Read More

VPC Specialty Lending Investments Successfully Lists on London Stock Exchange

VPC Specialty  Lending Investments PLC has successfully listed shares on the London Stock Exchange (LSE) on the “premium listing segment of the Official List.  VPC will trade on the LSE under ticker symbol VSL.  VPC was created by asset manager Victory Park Capital, a firm… Read More

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