Daily News: January 22, 2015

Victory Park Invests in Assetz Capital

Victory Park Capital will invest up to £150 million ($227 million) in loans originated by Assetz Capital under a new five-year contract.

“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.”

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.”