# Victory Park Capital

> Victory Park Capital is an SEC-registered investment advisory firm in Chicago, IL, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.

- CRD: 161079
- Filed as: VICTORY PARK CAPITAL
- Legal name: Victory Park Capital Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: July 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161079
- AdvisorCensus page: https://advisorcensus.com/firm/victory-park-capital-chicago-il-161079

## Quick answers

**How is Victory Park Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Victory Park Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Victory Park Capital located?**
Victory Park Capital's principal office is in Chicago, IL, according to its Form ADV.

**Is Victory Park Capital registered with the SEC or a state?**
Victory Park Capital is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161079.

**How much does Victory Park Capital manage?**
Victory Park Capital reports $3,647,763,476 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (98% discretionary).

**How have Victory Park Capital's assets and staff changed since 2021?**
In the Form ADV data for Victory Park Capital: Regulatory assets under management: $3,141,166,001 in the October 2021 data and $3,647,763,476 in the October 2026 data, up 16%. Total employees: 43 in October 2021 and 60 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Victory Park Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (33); corporations or other businesses not listed above (5); insurance companies (4).

**Does Victory Park Capital report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/161079

**What changed in Victory Park Capital's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $3,647,763,476
- Discretionary: $3,568,502,094
- Non-discretionary: $79,261,382

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 33 | $3,353,241,353 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 4 | $215,125,893 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 5 | $79,396,230 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 60 total, 36 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- victoryparkcapital.com
- LinkedIn @VICTORY-PARK-CAPITAL-ADVISORS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,141,166,001 | 43 | March 30, 2021 |
| October 2022 | $4,184,927,419 | 45 | March 29, 2022 |
| October 2023 | $4,724,237,954 | 51 | March 23, 2023 |
| October 2024 | $4,636,489,289 | 57 | March 29, 2024 |
| October 2025 | $4,468,072,477 | 60 | May 5, 2025 |
| October 2026 | $3,647,763,476 | 60 | July 30, 2026 |

Regulatory assets under management: $3,141,166,001 in the October 2021 data and $3,647,763,476 in the October 2026 data, up 16%.
Total employees: 43 in October 2021 and 60 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $4,468,072,477 to $3,647,763,476 (-18%).
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Victory Park Capital (CRD 161079): Form ADV filing data as of October 2026.