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Laxman Pai, Opalesque Asia:

Private credit specialist Victory Park Capital announced the final close of its latest fundraise for its Asset-Backed Opportunistic Credit strategy.

A press release from the Chicago-headquartered global alternative investment firm said that the Fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed accounts investing alongside the Fund.

The strategy seeks to provide customized credit solutions to established and emerging, asset-rich companies with a strong growth trajectory, it said.

Limited partners in the strategy include pension funds, financial institutions, insurance companies, endowments, healthcare services, family offices, and other institutional investors. In addition to the limited partner commitments, the Fund has secured a term credit facility to strategically complement its investable capital.

As per the release, the Fund's senior secured asset-backed strategy is focused on providing privately negotiated credit solutions to both emerging and established middle-market companies across select investment verticals in the U.S. and abroad. The Fund leverages VPC's longstanding relationships and proprietary channels to source compelling transactions and is often the sole lender.

Of VPC's recent achievement, Co-Founder and Senior Partner Brendan Carroll said: "Since 2007, VPC has executed a disciplined approach to private credit investing by targeting and structuring inves......................

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