Aperture Investors, an alternative asset manager and part of the Generali Investments platform, added Luke Darkow to lead its new private credit litigation finance strategy.

Darkow joins Aperture from Victory Park Capital, a global alternative investment manager, where he was a principal and portfolio manager responsible for sourcing, analyzing, executing and managing investments within the litigation finance asset class. Prior to Victory Park Capital, Darkow held roles at TPG Capital and Morgan Stanley.

“With Aperture entering its next phase of growth, we see significant potential in specialty lending, particularly in litigation finance, which we believe remains a relatively underbanked asset class. Estimates suggest that the litigation finance market could double annually through 2035,” Peter Kraus, CEO and founder of Aperture Investors, said. “Litigation finance is a niche, relationship-driven sector — and Luke is no tourist. His expertise in both private and public debt investments, his deep network of law firms and legal service providers, and his ability to source opportunities and raise capital will allow us to build out this unique offering at Aperture.”

“I’m incredibly pleased to join Aperture and help drive the firm into new opportunities in private credit with this niche, asset-based lending strategy,” Darkow said. “As Aperture expands its slate of strategies and products, I’m also attracted to the intellectual horsepower and best-in-class infrastructure within the broader firm.”