New Lending Relationship Focused on Amazon and E-Commerce Aggregators
Commitment Marks Apollo’s Entry to Growth Lending
Underscores Victory Park Capital’s
The new lending relationship between the Apollo Funds and VPC will focus on asset-backed lending (ABL) to companies that aggregate third-party sellers on Amazon and other e-commerce sites. VPC is a first mover in providing credit facilities to the industry’s leading players in this emerging, high-growth market. With this additional capital commitment from the Apollo Funds, VPC expects to accelerate its investments in this space. VPC will maintain its focus on income generation and capital preservation through downside protected investments in businesses with strong management teams building modern, scaled consumer goods companies.
“Our new relationship with VPC allows Apollo and our clients, including Athene, to make meaningful commitments to growth-oriented ABL activity, extending our platform’s access from early-stage structured credits up through mid-market and large-cap lending,” said
“We believe this strategic relationship further validates the attractiveness of our approach to asset backed lending to emerging businesses in the new economy,” said
Founded in 2007, VPC has long standing experience investing opportunistically amidst volatility and market complexities. “We set out to be a market leader in providing credit to companies shifting to digital from traditional business models and are very excited about working with Apollo to further our penetration of this growing asset class,” added
The financing commitment marks Apollo’s entrance into growth lending and complements the firm’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 and other forms of partnership capital. With investment capabilities across all parts of the capital structure and asset classes, structuring expertise, and a flexible, scaled capital base, Apollo is well positioned to act as a leading provider of capital solutions to corporate borrowers.
About Apollo
Apollo is a high-growth, global alternative asset manager. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and opportunistic. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of
About VPC
Contact Information
For Investors
(212) 822-0528
APOInvestorRelations@apollo.com
For Media
(212) 822-0491
Communications@apollo.com
For VPC
jordan.niezelski@edelman.com
860.833.2947
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