VPC Specialty Lending Trust Completes Second Tranche Offering of $15.5 MillionDecember 23, 2015
VPC Specialty Lending Trust (the “Trust”) completed a second tranche of a private placement offering, on a “best efforts” basis, of units for gross proceeds of $15,529,000, for an aggregate of approximately $26 million in total gross proceeds raised to date, 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).
GMP Securities L.P.
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