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VPC Specialty Lending Investments is an Investment Trust

To generate an attractive total return for shareholders consisting of dividend income and capital growth through investments in specialty lending opportunities.

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Investment Manager Update

21 Mar 2018 07:00

RNS Number : 3655I
VPC Specialty Lending Invest. PLC
21 March 2018
 

21 March 2018

 

VPC Specialty Lending Investments PLC

(the "Company")

INVESTMENT MANAGER UPDATE

 

Victory Park Capital, the Investment Manager of the Company, partners with IFC to Invest in Financial Technology in Emerging Markets

 

Victory Park Capital ("VPC"), a leading investment firm focused on providing flexible debt and opportunistic equity solutions worldwide, announced today that it has launched a new fund together with the International Finance Corporation ("IFC"), a member of the World Bank Group. The new fund will invest in financial technology companies in emerging markets. The partnership aims to improve access to debt capital for financial technology companies that lend to small businesses and consumers in emerging markets.

 

The new fund will combine VPC's decade-long expertise in investing in financial services and financial technology with IFC's leading role in investing in these sectors in developing countries. VPC and IFC will target growth investments in technology-driven companies across emerging markets with a focus on financial infrastructure, products and services.

 

"Our partnership with IFC, the largest global development institution focused exclusively on the private sector and a leading investor in financial technology in developing countries, opens a world of opportunities to fill the growing need for capital in emerging markets and scale our existing exposure," said Brendan Carroll, senior partner and co-founder of VPC. "We are a long-standing investor to companies that provide innovative financial solutions, often overlooked by traditional investors despite generating attractive returns, and we are eager to continue identifying high-quality opportunities alongside IFC."

 

Kai Schmitz, Principal Investment Officer of IFC, said: "Over the past few years, IFC has become a leading investor in financial technology companies in emerging markets which offer new solutions that expand access to finance. At the same time, we have seen a lack of growth capital available to these companies, both debt and equity financing to support new lending solutions. Partnering with Victory Park Capital allows us to bring the expertise of one of the leading specialized investors in this area to emerging markets and will encourage other investors to follow. We look forward to combining our more than 60 years' experience in developing countries and financial services with Victory Park's leading edge in this new sector."

 

As one of the largest and most active financial technology investors in the industry, VPC has made over 40 investments in this sector globally.

 

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

Victory Park Capital

Brendan Carroll (Senior Partner and Co-Founder)

Gordon Watson (Partner, Investment Manager)

 

 

via Edelman or MHP Communications (below)

Jefferies International Limited

Tel: +44 20 7029 8000

Gary Gould

Andrew Morris

 

MHP (Company PR Adviser)

Tel: +44 20 3128 8100

Tim Rowntree

Kelsey Traynor

 

Email: vpc@mhpc.com

Edelman (VPC PR Adviser)

Tel: +001 212 738 6131

Julia Sahin

 

Email: Julia.Sahin@edelman.com

IFC (Washington, DC)

Tel: +001 202 473 3511

Esther Navarro

Email: ENavarro@ifc.org

 

 

About Victory Park Capital:

VPC is a privately-held, SEC-registered alternative investment firm. As an internationally recognized financial services investor, VPC finances both emerging and established businesses seeking liquidity and/or capital structure reforms with the goal of accelerating value creation and generating attractive returns. The firm's offerings leverage broad special situations and credit structuring expertise, differentiated deal origination, creative financing capabilities and a deep network of industry relationships. VPC was founded in 2007 and is headquartered in Chicago with additional offices in New York and Los Angeles. For more information, please visit www.victoryparkcapital.com

 

About IFC:

IFC, a sister organization of the World Bank and member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org.

 

About VPC Specialty Lending Investments PLC:

VPC Specialty Lending Investments PLC invests in opportunities within the specialty lending market primarily through online lending platforms. The Company intends to generate an attractive total return for shareholders consisting of distributable income and capital growth via investments in a diverse portfolio of various platforms, asset classes, geographies (primarily U.S., U.K., Australia and Europe) and credit bands.

 

Since 2010, the Company's investment manager, Victory Park Capital, has been actively involved in the specialty lending marketplace and has made more than $5.5 billion of investments and commitments across a number of financial technology platforms, multiple geographies (U.S., U.K., Australia and Europe), products (consumer and business) and structures (whole loans and senior credit facilities).

 

Further information on VPC Specialty Lending Investments PLC is available at: http://vpcspecialtylending.com.

 

LEI: 549300UPEXC5DQB81P34

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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