VPC, KKR lead $175M asset-backed securitization of Avant consumer loans
November 20, 2015
Victory Park Capital and KKR have announced the $175 million asset-backed securitization of unsecured consumer loans originated via Avant, an online lending platform. The security was priced on November 13. The transaction, VPC’s first issuance into the asset-backed securitization market, will help Avant expand its platform, which offers personalized credit options for consumers.