Victory Park Capital and IFC Launch Fintech Fund Focused on Emerging Markets
Summary
Victory Park Capital and International Finance Corporation, a member of the World Bank Group, have launched a new fund which will invest in financial technology companies in emerging markets.The partnership aims to improve access to debt capital for financial technology companies that lend to small businesses and consumers in emerging markets.THE PRESS RELEASE Victory Park Capital Partners with IFC to Invest in Financial Technology in Emerging Markets March 16, 2018 12:10 PM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Victory Park Capital (“VPC”), a leading investment firm focused on providing flexible debt and opportunistic equity solutions worldwide, announced today that it has launched a new fund together with the International Finance Corporation (“IFC”), a member of the World Bank Group.As an internationally recognized financial services investor, VPC finances both emerging and established businesses seeking liquidity and/or capital structure reforms with the goal of accelerating value creation and generating attractive returns.The firm’s offerings leverage broad special situations and credit structuring expertise, differentiated deal origination, creative financing capabilities and a deep network of industry relationships.