Victory Park plans another fundraise

The Chicago-based debt and equity manager has indicated in a recent SEC filing that it plans to raise $650 million for the new VPC Special Opportunities Fund III.  

Victory Park Capital (VPC), the US private debt and equity manager, has launched fundraising for a new special opportunities fund. The manager is planning to raise $650 million for the VPC Special Opportunities Fund III Onshore LP, a recent filing with the Securities and Exchange Commission (SEC) shows. The filing indicates that the offering is being raised in conjunction with the VPC Special Opportunities Fund III Offshore LP, a separate structure US managers often set up to raise money from international investors.

Victory Park declined to comment.

Chief executive Richard Levy, senior partners Matthew Ray and Brendan Carroll (pictured), as well as chief operating officer Jordan Allen, are listed as executive officers and promoters on this fund. Park Hill Group, the Blackstone-owned fundraising firm, is shown as the placement agent on the vehicle.

Last week PDI reported that Victory Park has also raised $111 million towards a $400 million goal for its VPC Offshore Unleveraged Private Debt Fund, according to an SEC filing at the time. Park Hill and FPCG are listed as placement agents on that fund.

Victory Park is a privately-held registered investment advisor that focuses on mid-market companies across a range of industries. VPC has completed transactions totaling $3.8 billion across 62 investments since its founding in 2007, according to the firm’s website. The asset manager is headquartered in Chicago, with additional offices in Los Angeles, New York and San Francisco.