FRM Seeds Asset-Based Lending Hedge Fund

New York (HedgeCo.Net) – Victory Park Capital, a Chicago-based hedge fund, has received a vote of confidence from FRM Capital Advisors in the form of a major investment.  Victory Park Capital plans on expanding their asset-based lending fund in hopes of taking advantage of the favorable market conditions associated with this kind of strategy.

“We are delighted to have the opportunity to partner with such an experienced team,” says FRM Chief Executive Clive Peggram.  “We believe it is a very good time in the credit cycle to pursue an asset-based lending strategy.”

Victory Park Capital Advisors was founded last year and provides asset-backed loans to companies who are in need of financing and can’t always turn to the bank.  Asset based lending is a popular strategy in today’s current market turmoil with the large amount of high rises and other developments being constructed.  High interest rates are usually tacked on the loans, while the building is put up as collateral.    

“We’re very pleased to form a relationship with Victory Park Capital,” says Blaine Tomlinson, FRM’s founder and group chairman.  “As an established and experienced team, they are in an excellent position to capitalize on the attractive financing opportunities available to those who have capital to deploy.”

FRM Capital Advisors is active in the hedge fund seeding industry, seeking out potential opportunity among new funds.  Hedge fund seeding is a great way for new funds to get the capital needed to get off the ground.  Companies who provide the financing will work out some sort of the deal with the fund, perhaps sharing in the profits once the fund starts posting returns.

“We are incredibly excited about our relationship with FRM Capital Advisors and we are gratified that it has concluded that our team and strategy warrant such a significant investment,” said Victory Park Managing Principle Richard Levy.

FRM is a global fund of hedge funds group with over $15 billion of assets under management.

Julie Scuderi
Senior Editor for HedgeCo.Net

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