Victory Park sets up shop in the Big Apple

The Chicago-based firm has appointed a credit hedge fund vet to lead its New York office.

Victory Park Capital, the mid-market debt and equity investor, has hired Gordon Watson as a principal to open its New York office. The firm is headquartered in Chicago and has additional offices in Boston, Los Angeles and San Francisco. Watson will work on sourcing, executing and managing direct private debt and equity investments in specialty finance, with a particular focus on acquiring whole loan portfolios, VPC announced on Wednesday.

Prior to joining Victory Park, Watson was a portfolio manager focused on distressed debt at GLG Partners, a London-based hedge fund that was acquired by hedge fund investment firm Man Group in 2010. Watson joined GLG through Ore Hill Partners, a credit hedge fund that was also acquired by Man and folded into GLG in 2011.

“As our business continues to achieve accelerated growth, Gordon’s experience and depth of knowledge of specialty finance builds upon our already strong foundation in that sector,” Richard Levy, chief executive and founder of VPC, said in a statement. “His expertise in trading public liquid credit complements our investment strategies across the credit spectrum in the middle market. We are excited about Gordon leading our efforts to build out a high quality team in New York,” he added.