Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, announced that it will invest up to GBP150 million in loans originated by Assetz Capital under a new five year contract. Assetz Capital is a peer-to-peer lending platform that combines traditional loan underwriting with financial technology to efficiently provide capital to small and medium-sized companies in the U.K.
“It is a great time to partner with Assetz Capital as the company continues to scale in an underserved market,” said Gordon Watson, principal at VPC. “Given Assetz Capital’s success to date, its experienced management team, and our expertise in the specialty finance industry, we believe Assetz Capital will be well positioned to achieve substantial growth over time.”
Assetz Capital is committed to fill the finance gap left in the market from the credit crunch, where traditional lenders are often unable to provide businesses with the funding required. Since inception in 2013, more than 100 Assetz Capital loans, totaling more than £55 million, have been originated. In addition to personal guarantees from directors, Assetz Capital takes asset security, including charges on property and equipment, to support the loans.
Stuart Law, co-founder and CEO of Assetz Capital, added, “We are excited to announce this partnership with a team as experienced in this sector as Victory Park Capital. This lending facility will allow us to meet the increasing demand for capital from businesses in the U.K., and will help increase loan origination activity as a whole including greater volume of loans for retail investors.”
Victory Park Capital is a privately held registered investment advisor dedicated to alternative investing through the management of private investment funds. As specialists in credit and private equity investments, VPC focuses on middle-market companies across a diversified range of industries. Founded in 2007, VPC is headquartered in Chicago with additional resources in Boston, London, Los Angeles, New York and San Francisco.