“It is a great time to partner with Assetz Capital as the company continues to scale in an underserved market,” said Gordon Watson, principal at VPC. “Given Assetz Capital’s success to date, its experienced management team, and our expertise in the specialty finance industry, we believe Assetz Capital will be well positioned to achieve substantial growth over time.”
Assetz Capital is committed to fill the finance gap left in the market from the credit crunch, where traditional lenders are often unable to provide businesses with the funding required. Since inception in 2013, more than 100 Assetz Capital loans, totaling more than £55 million, have been originated. In addition to personal guarantees from directors, Assetz Capital takes asset security, including charges on property and equipment, to support the loans.
Stuart Law, co-founder and CEO of Assetz Capital, added, “We are excited to announce this partnership with a team as experienced in this sector as Victory Park Capital. This lending facility will allow us to meet the increasing demand for capital from businesses in the U.K., and will help increase loan origination activity as a whole including greater volume of loans for retail investors.”
For more information about Assetz Capital, visit www.assetzcapital.co.uk.
About Victory Park Capital
Victory Park Capital is a privately held registered investment advisor dedicated to alternative investing through the management of private investment funds. As specialists in credit and private equity investments, VPC focuses on middle market companies across a diversified range of industries. Whether as a lender or a control investor, VPC seeks to identify opportunities where it believes the potential for reward outweighs the risks entailed. Founded in 2007, VPC is headquartered in Chicago with additional resources in Boston, London, Los Angeles, New York and San Francisco. For more information visit:http://www.victoryparkcapital.com.
About Assetz Capital
Assetz Capital aims to create a fairer lending landscape, providing non-bank loans to small and medium sized enterprises and property developers in the UK, helping them gain access to finance for their projects and future business growth. Rather than being just a website or a dot com business, it is run by professional bankers with huge experience of quality and safe lending, alongside a nationwide network of relationship managers who visit and vet potential borrowers. Tangible security is in place to reduce the risk of capital losses for investors and traditional credit assessment techniques are employed rather than computer based assessments.
Assetz Capital is part of the long established Assetz group of companies, founded by Stuart Law, which now has over 100,000 registered, cash rich private investors.