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    Home»Deals & Transactions»Apollo funds commit up to $500 million to Victory Park Capital’s Growth Lending Strategy
    Deals & Transactions

    Apollo funds commit up to $500 million to Victory Park Capital’s Growth Lending Strategy

    June 15, 20212 Mins Read
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    Entities, clients and funds managed by its affiliates of Apollo Global Management (the Apollo Funds) have committed to invest up to $500 million in senior secured credit facilities originated by Victory Park Capital (VPC), a global investment firm with an extensive track record in asset-backed credit origination for emerging and established companies.

    The new lending relationship between the Apollo Funds and VPC will focus on asset-backed lending (ABL) to companies that aggregate third-party sellers on Amazon and other e-commerce sites. VPC is a first mover in providing credit facilities to the industry’s leading players in this emerging, high-growth market. With this additional capital commitment from the Apollo Funds, VPC expects to accelerate its investments in this space. VPC will maintain its focus on income generation and capital preservation through downside protected investments in businesses with strong management teams building modern, scaled consumer goods companies.

    “We believe this strategic relationship further validates the attractiveness of our approach to asset backed lending to emerging businesses in the new economy,” says Jeff Schneider, VPC Partner and Chief Operating Officer. “We look forward to originating capital efficient investments for Apollo’s clients and to expanding our presence in this industry vertical as well as others in our asset backed opportunistic credit strategy.”

    Read more/Source: Private Equity Wire

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