

Private Credit Investor: Victory Park’s Brendan Carroll
May 21, 2025
Brendan Carroll, Co-Founder and Senior Partner at Victory Park Capital, shares insights on the evolution of private asset-backed credit and the firm's innovative lending strategies. He discusses how VPC fills financing gaps left by traditional banks and emphasizes the growing appeal of private credit for retail investors. Brendan also dives into his unique journey from politics to finance, underscoring the importance of mentorship and community support, particularly through his commitment to pediatric cancer services.
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Founding Victory Park Capital
- Brendan Carroll and Richard Levy founded Victory Park Capital in 2007 to provide asset-backed private credit where banks wouldn't lend.
- They closed their first fund just before Lehman Brothers collapsed, capitalizing on the ensuing credit gap.
Opportunity in Legal Finance
- Victory Park targets sectors like legal finance where traditional banks rarely lend, using asset-backed loans.
- Legal finance is viewed as recession resistant and uncorrelated, making it an attractive niche.
Partnership with Janus Henderson
- Victory Park partnered with Janus Henderson for their distribution and infrastructure while retaining their independent brand and investment approach.
- The partnership was driven by cultural alignment and the ability to offer diverse fund structures globally.