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Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
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VPC Specialty Says SVS Opportunity Has Acquired 17% Stake

Mon, 24th Feb 2020 10:29

Alliance News) - VPC Specialty Lending Investments PLC on Monday said SVS Opportunity Fund LP has increased its stake in the company by around 17%.

SVS is a newly-formed investment vehicle managed by Victory Park Capital Advisors and backed by a US insurance company, VPC noted. The name of the US-based insurance company was not disclosed.

SVS acquired 17% of VPC from an undisclosed shareholder, thereby increasing its total stake in the investment trust to 18% of its total issued share capital.

"We are pleased to welcome SVS as a new significant shareholder in VSL. This investment is clear evidence of their confidence in VSL's management, long-term strategy and growth prospects. VSL is well-positioned to achieve its near and medium-term objectives. We look forward to continuing to generate an attractive total return for all shareholders, built on a consistent distributable income and capital growth strategy, through asset-backed lending," said VPC Specialty Lending Chair Kevin Ingram.

VPC Specialty shares were up 0.2% at 83.20 pence each on Monday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported...

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