An interesting note in one of the attachments was VPC has only allocated $1bil of the recent $2.4bil raise. PAC management suggested VPC might be back in the market raising more money in 2023. This might be postponed temporarily until the balance of recent raising have been deployed.
Expected management fees we were hoping to flow though from VPC from the deployment of those fund might take a bit longer to come. Deploying those fund at the higher rate might be getting more difficult. Either companies wanting the money are to risky or more capitalised companies are not prepared to pay the higher rates.
There always seems to be a lot of moving parts.
Cheers Greg
An interesting note in one of the attachments was VPC has only...
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