Daily News: January 14, 2015

Victory Park Provides Momentum Financing

Momentum Funding announced the completion of a $30 million round of financing by Victory Park Capital. Investment proceeds will allow Momentum Funding to meet the underserved needs of clients experiencing financial hardships while pursuing a personal injury claim.

“Momentum Funding is fortunate Victory Park recognizes and shares our vision of helping personal injury clients move their cases, and their lives, forward,” said Momentum Funding Co-founder and President Elizabeth Pekin. “The available capital will allow Momentum to grow and expand our legal funding network nationwide.”

“The Momentum team brings decades of direct experience, and we believe this platform is well positioned for success in an underserved and still nascent marketplace,” said Tom Welch, principal at Victory Park Capital, an asset management firm focused on middle market debt and equity investments.

“We are very excited to launch Momentum Funding with the support of Victory Park,” said Michael Pekin. “Their expertise within the specialty finance industry, and specifically within the legal funding space, will better position Momentum to meet the growing financial needs of our clients.”

Boca Raton, FL-headquartered Momentum Funding is a national legal finance company.