Victory Park Closes VPC Fund II At $480M

Victory Park Capital, an alternative asset management firm, has closed its newest fund at $480 million.

Victory Park Capital, an alternative asset management firm, has closed its newest fund at $480 million, Private Equity Hub reports. The VPC Fund II is a distressed private equity and debt vehicle.

VPC Fund II’s limited partners comprise a group of top-tier institutional investors, endowments and foundations. VPC Fund II will execute a distressed private debt and equity strategy to provide direct financing solutions to underserved or distressed U.S.-based companies in the lower end of the middle market.

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