Victory Park and FRM Capital announce strategic relationship

Chicago and London, August 7, 2008: Victory Park Capital (“VPC”) and FRM Capital Advisors (“FCA”), a division of Financial Risk Management (“FRM”), are pleased to announce a strategic relationship which will accelerate VPC’s growth through an FCA investment. The investment will add to VPC’s already significant assets under management and allow VPC to increase the capital it has available to provide financing in the current “credit crunch”.

Richard Levy, Managing Principal of VPC, stated, “We are incredibly excited about our relationship with FCA and we are gratified that FCA has concluded that our team and strategy warrant such a significant investment.”

Clive Peggram, CEO of FRM Capital Advisors Ltd., stated, “We are delighted to have the opportunity to partner with such an experienced team. We believe it is a very good time in the credit cycle to pursue an asset based lending strategy.”

Blaine Tomlinson, Founder and Group Chairman of FRM, stated, “We’re very pleased to form a relationship with VPC. As an established and experienced team, they are in an excellent position to capitalize on the attractive financing opportunities available to those who have capital to deploy.”

Victory Park Capital Advisors LLC is a Chicago-based firm that provides asset backed funding to deliver custom financing solutions to small-cap and lower middle market companies. VPC was established in 2007.

FRM Capital Advisors, a division of FRM, is dedicated to making strategic investments in emerging managers. FRM is a global fund of hedge funds group managing over $15 billion worldwide for institutional and other sophisticated investors.