Apollo Funds’ $500 Million Investment to Victory Park Capital’s Growth Lending Strategy

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.

Apollo is a high-growth, global alternative asset manager. As of March 31, 2021, Apollo had approximately $461 billion of assets under management.

The Paul, Weiss team included corporate partners Gregory Ezring (Picture), Matthew Goldstein and Brian Kim and counsel Michael Lee and David Levine; and tax partner Brian Grieve.

Involved fees earner: Gregory Ezring – Paul Weiss Rifkind Wharton & Garrison; Matthew Goldstein – Paul Weiss Rifkind Wharton & Garrison; Brian Grieve – Paul Weiss Rifkind Wharton & Garrison; Brian Kim – Paul Weiss Rifkind Wharton & Garrison; Michael Lee – Paul Weiss Rifkind Wharton & Garrison; David Levine – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Apollo Global Management;

Author: Martina Bellini