VPC Specialty Lending Trust Completes $10 Million OfferingOctober 29, 2015
VPC Specialty Lending Trust (the “Trust”) completed the first tranche of a private placement offering, on a best efforts basis, of units for gross proceeds of approximately $10 million through a syndicate of agents co-led by GMP Securities L.P. and Scotia Capital Inc. and including Rothenberg Capital Management Inc. Additional closings are anticipated, up to a maximum of $75 million. The Trust intends to achieve its investment objective by obtaining exposure to investments in specialty lending opportunities managed by Victory Park Capital Advisors, LLC. Next Edge Capital Corp. is the manager of the Trust.
Wildeboer Dellelce LLP acted for the agents in connection with the offering with a team that included Ronald Schwass, Geoffrey Cher and Danny Kharazmi (corporate/securities).