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Laxman Pai, Opalesque Asia: British-American global asset management group Janus Henderson Group will acquire a majority stake in global private credit manager Victory Park Capital Advisors (VPC), in a bid to expand in the fast-growing private credit market, particularly asset-based finance.
Janus Henderson will buy Chicago-based VPC in a cash-and-share deal expected to close in the fourth quarter of this year.
According to a joint press release, VPC complements Janus Henderson's highly successful securitized credit franchise and expertise in public asset-backed securitized markets and further expands the Company's capabilities into the private markets for its clients.
The deal follows the recent acquisition of the National Bank of Kuwait's alternative investments business by Janus Henderson, which manages an asset portfolio worth $353 billion. That deal is expected to strengthen its position in emerging markets and help it access clientele in the Middle East.
Founded in 2007 by Richard Levy and Brendan Carroll and headquartered in Chicago, VPC invests across industries, geographies, and asset classes on behalf of its long-standing institutional client base. VPC has specialized in asset-backed lending since 2010, including in small business and consumer finance, financial and hard assets, and real estate credit.
Its suite of investment capabilities also includes legal finance and custom investment sourcing and management for insurance companies. I...................... To view our full article Click here
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