Billd, a provider of financial solutions for commercial subcontractors, closed a $100 million credit facility with Victory Park Capital (VPC), a global alternative investment firm specializing in private credit and asset-backed finance. The facility will support Billd’s continued growth and expand its ability to provide flexible financing solutions to commercial construction subcontractors across the United States.
“For the past eight years, Billd has pioneered construction working capital as an asset class, focused on bringing subcontractors the best financial solutions in the industry,” Chris Doyle, founder and CEO of Billd, said. “Victory Park’s expertise in asset-backed finance makes them the right partner to help us scale and bring working capital to subcontractors nationwide.”
Gordon Watson, partner at Victory Park Capital, added, “Billd has built a differentiated financing platform that addresses a significant and persistent working capital challenge in the commercial construction industry. The company’s specialized underwriting capabilities, deep understanding of construction payment cycles, and established track record position it well to serve an underserved segment of the market. We are excited to partner with Billd and help support its next phase of growth.”
