Victory Park Capital new announcements

Hi All

It looks like Victory Park will need to go to market for some more FUM soon, potentially look to raise another $USD500M. In June this year VPC raised an additional $USD500M from Apollo for deals made in the prior six months. The recent announcements will likely see a mixture of additional FUM required for Private Credit and includes investment made through the VPC Specialty Lending vehicle.

Here are the recent announcements:
1> VPC invested and have allocated Private Credit capital to Mexican BNPL platform Kueski in partnership with Stepstone Group for up to $USD200M (VPC share likely to be $USD100M), see announcement here:
https://www.victoryparkcapital.com/news/2021/12/02/kueski-one-of-the-largest-bnpl-providers-in-latin-america-has-closed-over-us200m-in-financing-led-by-stepstone-group-and-victory-park-capital/
2> VPC provided a $USD100M Private Credit facility to EasyHealth, announcement here: https://www.victoryparkcapital.com/news/2021/11/23/easyhealth-secures-100-million-senior-secured-loan-commitment-from-victory-park-capital/
3> HeyDay $USD555M Series C (assume VPC Specialty Lending investment) here: https://www.victoryparkcapital.com/news/2021/11/17/heyday-announces-555-million-in-series-c-funding-to-expand-platform-bolsters-leadership-team/

Agreements made will require upfront capital investment by VPC Special Lending and Private Credit allocation to these companies. Another $USD200M in deals for Private Credit will be made, meaning another $USD500M will need to be raised over time to cover these commitments.

This is another 10% increase in FUM in USD. More in AUD given the AUD/USD exchange rate now at approximately 71c.

Best of Luck
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