Victory Park Capital Announces $50 Million Facility With InvestBev to Finance Growth in Adult Beverage Industry
09 Julio 2024 - 8:00AM
Business Wire
Victory Park Capital (“VPC”), a global alternative investment
firm specializing in private credit, today announced a $50 million
delayed draw term loan to InvestBev (“the Company”), a leading
private equity firm in the United States solely focused on venture
and growth investments in the adult beverage industry. The
facility, which has the potential to upsize to $100 million in the
future, will support InvestBev’s efforts to provide non-dilutive
debt capital to whiskey brands, distilleries, and asset managers
backed by whiskey barrel collateral.
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Founded in 2015 by Brian Rosen, a third-generation beverage
industry veteran, the Company carries deep industry expertise
across its team with leading adult beverage and financial brands,
such as Molson Coors, Bacardi, Jim Beam, BMO, Citadel, and more.
Through the InvestBev Credit offering, InvestBev offers debt
financing with terms tailored to the unique needs of the beverage
community. The Company was recently named a winner of the 2024
Preqin Awards for Top Performing Growth Fund Manager.
The Company recently unified its affiliated entities –
InvestBev, Sprout Beverage, Algoma Capital, and BevStrat – into a
single, full-service company. With $200 million in assets under
management and a separate $100 million in private credit through
InvestBev Private Credit, the Company offers full-service support
for adult beverage brands across every stage of growth – spanning
incubation to acquisition.
“We fully support InvestBev’s mission to fulfill the financing
needs of the adult beverage industry, thereby facilitating the
growth of brands and distillers,” said Gordon Watson, Partner at
VPC. “Brian has decades of experience uncovering growth
opportunities in the beverage industry, and we’re excited to be
partnering with him.”
“InvestBev Credit is thrilled to have Victory Park Capital as
our partner in this venture,” said Brian Rosen, Founder and
Managing Partner at the Company. “This alignment serves to provide
a solution to the barrel, distillery, and bourbon brand industry
that is both supportive and knowledgeable. InvestBev Credit will
help serve the needs of all brands that seek to unlock their raw
bourbon asset class.”
About Victory Park Capital Advisors, LLC
Victory Park Capital Advisors, LLC is an SEC-registered,
established credit manager. The Firm was founded in 2007 and is
headquartered in Chicago, Illinois, with additional resources in
New York, Los Angeles, San Francisco, and London. VPC provides
custom financing solutions across the private capital spectrum,
focusing on companies with strong corporate governance and a
compelling growth trajectory. VPC invests in emerging and
established businesses across various industries worldwide. For
more information, please visit www.victoryparkcapital.com.
About InvestBev
InvestBev is a trusted leader in the alcohol beverage industry
and is the only organization to support beverage brands at every
stage of their growth from incubation to acquisition. InvestBev
backs the best in adult beverage and partners receive full-service
support, including growth and acceleration strategy, sales and
marketing, retail distribution operations, insurance, and capital,
including equity and credit lending. Current portfolio companies
include JuneShine, Ten to One Rum, Thomas Ashbourne Craft Spirits,
Cann Social Tonic and more. For more information, visit
investbev.com.
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Victory Park Capital Jordan Niezelski, Edelman Smithfield
jordan.niezelski@edelmansmithfield.com