Apollo Global Management and its entities, clients and funds managed by its affiliates committed to invest up to $500 million in senior secured credit facilities originated by Victory Park Capital, a global investment firm with a track record in asset-backed credit origination.
The banking app Dave and VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by Victory Park Capital, entered into a business combination agreement that will result in Dave becoming a publicly traded company with an expected equity value of approximately $4 billion.
Victory Park Capital closed a $200 million credit facility with Massachusetts Mutual Life Insurance Company to finance Victory Park Capital Specialty Lending Investment’s growth initiatives.
Global alternative investment firm Victory Park Capital closed a multi-year credit facility for Cap Hill Brands, a technology-driven consumer goods platform that acquires and operates e-commerce brands with an initial focus on Amazon-first brands.
Dave, a banking app, secured a $100 million credit facility from Victory Park Capital, a global alternative investment firm. The funding will support the growth of Dave’s banking product and accelerate the company’s expansion into new products and features.
Kredivo, a digital credit platform for retail borrowers across Indonesia, secured a debt facility of up to $100 million from Victory Park Capital, a global alternative investment firm, to fund consumer loans for Kredivo’s borrowers in Indonesia.
Investment firm Victory Capital Park entered a debt financing agreement of A$100 million ($71.2 million) with digital retail finance and payments company Zip Co Limited.
Victory Park Capital provided an £80 million ($103.77 million) debt facility to Laybuy, a New Zealand buy now, pay later service partnering with more than 4,500 retail merchants. Laybuy will use the funding to expand in the UK.
Elevate Credit, a tech-enabled provider of online credit solutions for non-prime consumers, amended the credit facilities for its four products with alternative investment firm Victory Park Capital.
Kevin Burke joined Victory Park Capital as a partner based in Chicago. Burke will be responsible for managing investment strategies in both existing and new asset classes.