Janus Henderson Group is set to acquire a majority stake in $6bn Victory Park Capital Advisors (VPC), a global private credit manager with a nearly two-decade-long track record, it announced today.
Janus Henderson said VPC would complement its securitised credit franchise and expertise in public asset-backed securitised markets and generally further expand its capabilities into the private markets.
Founded in 2007, VPC has specialised in asset-backed lending since 2010, including in small business and consumer finance, financial and hard assets, and real estate credit.
Janus Henderson said the partnership was “highly synergistic and will enable mutually beneficial growth opportunities”.
It singled out VPC’s investment capabilities tailored to insurance companies, given Janus Henderson’s own “growing insurance clientele”.
The news about the VPC acquisition comes after Janus Henderson recently announced it would acquire the National Bank of Kuwait’s emerging markets private investments team, NBK Capital Partners.
“As we continue to execute on our client-led strategic vision, we are pleased to expand Janus Henderson’s private credit capabilities further with Victory Park Capital,” said Ali Dibadj, chief executive officer of Janus Henderson.
“Asset-backed lending has emerged as a significant market opportunity within private credit, as clients increasingly look to diversify their private credit exposure beyond only direct lending.”
Dibadj added: “VPC’s investment capabilities in private credit and deep expertise in insurance align with the growing needs of our clients, further our strategic objective to diversify where we have the right, and amplify our existing strengths in securitised finance.”
The acquisition is expected to close in the fourth quarter of 2024 and is subject to customary closing conditions, including regulatory approvals.
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