Hedge Fund Seeder Backs ABL Shop

Aug 8 2008 | 9:35am ET

Hedge fund seeder FRM Capital Advisors has made a $60 million investment in Victory Park Capital, a Chicago-based firm that provides asset backed funding to small-and-lower middle market companies.

Clive Peggram, CEO of London-based FRM Capital Advisors, said, “We believe it is a very good time in the credit cycle to pursue an asset based lending strategy.”

Victory Park was established in 2007.
   
FRM Capital Advisors, a division of Financial Risk Management, is a global fund of hedge funds managing over $15 billion for institutional and other investors.

 


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