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Victory Park Capital

North America, Illinois, United States, Chicago

Description

Victory Park Capital (VPC) is a prominent alternative investment firm headquartered in Chicago, United States, specializing in providing privately negotiated debt and opportunistic equity solutions. Unlike traditional venture capital firms focused on early-stage equity, VPC primarily targets middle-market companies that require flexible capital structures, often those overlooked by conventional lenders or seeking bespoke financing arrangements. Their expertise lies in crafting tailored solutions that address complex financial situations, supporting growth, recapitalizations, and special situations across a diverse range of industries.

The firm's investment strategy is characterized by its adaptability and deep credit expertise. VPC deploys capital through various instruments, including senior secured debt, mezzanine financing, and preferred equity, allowing them to participate across a company's capital structure. They are known for their ability to navigate intricate deal structures and provide significant capital to companies in sectors such as financial services, technology, and industrials. This approach enables them to partner with businesses that may be undergoing periods of transformation, rapid expansion, or require non-dilutive capital.

VPC boasts substantial financial capacity, managing over $5 billion in assets under management, which underpins their ability to execute large-scale transactions. Since its inception, the firm has demonstrated a robust track record, having invested over $10 billion across more than 100 transactions. This extensive experience highlights their capability to deploy significant initial capital, with typical first cheques for their debt and opportunistic equity solutions often ranging from the tens of millions to well over one hundred million dollars, reflecting their focus on established, albeit often complex, businesses rather than nascent startups.

VPC positions itself as a strategic partner, offering not just capital but also operational insights and a long-term perspective to its portfolio companies. Their distinct focus on private credit and special situations makes them a unique player in the broader investment landscape, catering to a specific segment of the market that values customized and flexible financing solutions.

Investor Profile

Victory Park Capital has backed more than 68 startups, with 4 new investments in the last 12 months alone. The firm has led 39 rounds, about 57% of its total and boasts 10 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Mexico, Germany.
  • Strong thematic focus on Financial Services, FinTech, Finance.
  • Led 4 rounds in the past year.
  • Typical check size: $20M – $150M.

Stage Focus

  • Debt Financing (54%)
  • Series A (12%)
  • Series B (9%)
  • Series Unknown (7%)
  • Private Equity (4%)
  • Seed (4%)
  • Series C (3%)
  • Post Ipo Debt (3%)
  • Series D (1%)
  • Post Ipo Equity (1%)

Country Focus

  • United States (56%)
  • Mexico (13%)
  • Germany (10%)
  • Colombia (4%)
  • Singapore (3%)
  • Australia (3%)
  • Belgium (1%)
  • Sweden (1%)
  • Luxembourg (1%)
  • United Kingdom (1%)

Industry Focus

  • Financial Services
  • Fintech
  • Finance
  • E-commerce
  • Lending
  • Payments
  • Consumer Goods
  • Software
  • Internet
  • Retail
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Victory Park Capital frequently co-invest with?

Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 2
August Capital
North America, California, United States, Menlo Park
Co-Investments: 3
International Finance Corporation
North America, District of Columbia, United States, Washington
Co-Investments: 3
Tribeca Venture Partners
North America, New York, United States, New York
Co-Investments: 3
BlackRock
North America, New York, United States, New York
Co-Investments: 6
Nyca Partners
North America, New York, United States, New York
Co-Investments: 2
Global Founders Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 3
Social Capital
North America, California, United States, Menlo Park
Co-Investments: 2
Primary Venture Partners
North America, New York, United States, Manhattan
Co-Investments: 2
QED Investors
North America, Virginia, United States, Alexandria
Co-Investments: 3

Which angels does Victory Park Capital often collaborate with?

JF
North America, Maryland, United States, Baltimore
Shared Deals: 1
DC
Europe, Zurich, Switzerland, Zürich
Shared Deals: 1
Shared Deals: 1
Ricardo Marino
South America, Sao Paulo, Brazil, São Paulo
Shared Deals: 1
MS
North America, California, United States, Palo Alto
Shared Deals: 1
MF
North America, Illinois, United States, Chicago
Shared Deals: 1
VP
North America, New York, United States, Manhattan
Shared Deals: 2
TG
North America, New York, United States, New York
Shared Deals: 2
TK
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by Victory Park Capital?

Tapcheck

Plano, Texas, United States

Tapcheck is a financial wellness platform that lets employees access a portion of their earned wages before payday.

Employee BenefitsFinancial ServicesFinTechMobile Payments
Debt FinancingApr 14, 2025
Amount Raised: $200,000,000
Flex

Miami, Florida, United States

Flex is a financial technology company that offers an end-to-end finance platform that integrates business and personal finance management.

BankingCredit CardsFinTechInsurancePayments
Debt FinancingMar 5, 2025
Amount Raised: $200,000,000
Addi

Bogotá, Distrito Especial, Colombia

Addi is a technology company that provides credit and banking solutions.

FinanceFinancial ServicesFinTechPayments
Debt FinancingNov 19, 2024
Amount Raised: $100,000,000
Essor

Paris, Ile-de-France, France

Essor provider of a digital consumer product platform.

Consumer GoodsE-CommerceMarketing
Debt FinancingSep 6, 2024
Pipe

Miami, Florida, United States

Pipe is a global trading platform for recurring revenue streams.

FinanceFinancial ServicesFinTechTrading Platform
Debt FinancingJun 11, 2024
Amount Raised: $100,000,000
Sétanta Development Capital

Charlotte, North Carolina, United States

Sétanta Development Capital offers loans for residential real estate development and acquisition.

FinanceFinancial ServicesReal Estate
Debt FinancingApr 17, 2024
Amount Raised: $100,000,000
Habi

Bogotá, Distrito Especial, Colombia

Habi is a digital platform that aims to simplify the process of buying and selling real estate properties.

Home RenovationReal EstateReal Estate InvestmentResidentialSoftware
Debt FinancingApr 9, 2024
Amount Raised: $30,000,000
Zip

Sydney, New South Wales, Australia

Zip is an online payments technology provider that offers consumers credit options for online shopping.

FinanceFinancial ServicesFinTechPayments
Post Ipo DebtJan 16, 2024
Amount Raised: $225,000,000
Leonid Capital Partners

Huntington Beach, California, United States

Leonid Capital Partners invests vital capital into critical National Security initiatives.

AerospaceFinanceFinancial ServicesGovernmentGovTechMilitary
Debt FinancingSep 14, 2023
Amount Raised: $200,000,000
Tradable

Marina Del Rey, California, United States

Tradable software platform assists private credit funds in syndicating deals by combining an AI-powered data room.

FinanceFinancial Services
SeedAug 22, 2023