At a glance
- Billd will use the proceeds to expand financing to commercial construction subcontractors across the US.
- The $100 million facility equals about 2.8% of the $3.6 billion in regulatory assets Victory Park reported in its July 30 Form ADV filing with the SEC.
- Allocators sizing Victory Park can treat the facility as a direct exposure to one specialist originator of construction working capital.
Victory Park Capital provided a $100 million credit facility to Billd, an Austin, Texas-based lender to commercial construction subcontractors, Alternative Credit Investor reported on Nov. 6.
Billd will use the proceeds to expand financing to commercial construction subcontractors across the US.
The $100 million facility equals about 2.8% of the $3.6 billion in regulatory assets Victory Park reported in its July 30 Form ADV filing with the SEC.
Allocators sizing Victory Park can treat the facility as a direct exposure to one specialist originator of construction working capital.
Victory Park is a Chicago-based private credit manager focused on asset-backed finance, founded in 2007, according to Alternative Credit Investor.
The facility follows Victory Park's Oct. 15 launch of a tokenized feeder for its asset-backed credit fund, as Private Wealth Daily previously reported.
Reported by the Direct Lending desk from Alternative Credit Investor, ABF Journal, Form ADV (SEC IAPD) and transaction record. Published . Updated Nov 6, 2026 · 7:45 a.m. ET. Corrections