CHICAGO – Dec. 5, 2014 – Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced today that it has increased its existing credit facility to $500 million for AvantCredit, one of the nation’s fastest growing online providers of consumer credit. This latest upsize provides an incremental $300 million of borrowing capacity as the company continues to increase its market share within the online lending ecosystem.

In addition to providing Avant its first credit facility, VPC also invested in the company’s Series A and Series B equity rounds led by August Capital.

“AvantCredit has experienced tremendous growth over the past six months and we are excited to continue our ongoing partnership. With this latest iteration of our credit facility, the company will be well positioned for continued expansion in 2015,” said Brendan Carroll, partner at Victory Park Capital. “Al Goldstein (Co-Founder and CEO) has done an outstanding job building his executive team and the business continues to exceed expectations on all fronts.”

Launched in 2012, Chicago-based AvantCredit has raised over $300 million in total equity, most recently raising $225 million in Series D equity funding led by Tiger Global Management.