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.

 


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note