Daily News: January 17, 2013

Victory Park Names Allen Principal, COO, a New Post

Victory Park Capital (VPC), an asset management firm that specializes in direct credit and control equity investing in middle-market and distressed companies, named Jordan Allen, a 20-plus-year veteran of the hedge fund and private equity industries, as principal and chief operating officer, a new position effective immediately. Allen will oversee business operations at VPC.

“As our business continues to experience growth, so do the needs of our infrastructure and the scope and responsibilities of our management team,” said Richard Levy, managing partner. “Jordan will add an additional layer of depth by building upon the already strong foundation we have in place for our daily operations and identifying further efficiencies to support our growth.”

Before joining VPC, Allen served as co-head, chief operating officer and chief financial officer of Man Investments, North America. At Man he oversaw the London-based company’s U.S. business, which comprises five investment management teams, hedge fund research, risk management and sales. Previously, Allen served as president and partner of HFR Asset Management.

Victory Park Capital provides direct financing solutions to small-cap and middle-market companies across a wide range of industries.