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Apollo Funds to Commit Up to $500 Million to Victory Park Capital’s Growth Lending Strategy
- Client News
- June 14, 2021
Practices
Paul, Weiss is advising Apollo Global Management, Inc. and entities, clients and funds managed by its affiliates in their commitment to invest up to $500 million in senior secured credit facilities originated by Victory Park Capital (VPC). VPC is a global investment firm with an extensive track record in asset-backed credit origination for emerging and established companies. The new lending relationship will focus on asset-backed lending to companies that aggregate third-party sellers on Amazon and other e-commerce sites.
The financing commitment marks Apollo’s entrance into growth lending and complements Apollo’s broad coverage of credit origination, including its large cap and middle market lending platforms, as well as credit strategies that span capital markets, real estate, fund and G&P finance solutions, among others.
The Paul, Weiss team included corporate partners Gregory Ezring, Matthew Goldstein and Brian Kim and counsel Michael Lee and David Levine; and tax partner Brian Grieve.