Leonid Capital Partners (LCP), a specialty credit fund, secured a $200 million credit facility from Victory Park Capital (VPC), a global alternative investment firm specializing in private credit. The credit facility will be used to leverage LCP’s first institutional fund and finance a portfolio of loans to contractors serving the U.S. Department of Defense (DoD).
“Our mission is to support scientists, engineers, and innovators that require capital to perform critical research and develop impactful technologies to better serve the National Security mission,” Chris Lay, founding partner of LCP, said. “Government contractors often cannot access loans from traditional capital sources, and with the help of VPC, we are proud to be able to support early-stage businesses whose work aids and empowers those who serve and protect our great nation.”
“With experience in government contract procurement and execution, the financial services sector, and government-funded research, the LCP team is uniquely suited as a capital partner to government contractors pursuing innovative projects,” Gordon Watson, partner at VPC, said. “We believe strongly in LCP’s mission and are pleased to be partnering with them.”
LCP is powered by its purpose to support those who serve and protect, which includes donating 50% of its after-tax profits to organizations that support military families and veterans.
“We believe it is important to remember that there are men and women who are currently downrange or are soon to be downrange,” James Parker, founding partner of LCP, said. “These men and women, along with their families, are taking significant risks without which, our market and our business would not exist. We felt it was imperative to acknowledge them in the foundational principles of our organization.”
