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Victory Park Capital Provide $30MM Facility to Momentum Funding

January 14, 2015, 07:36 AM
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Momentum Funding, a legal finance company specializing in non-recourse funding to personal injury plaintiffs, announced the completion of a $30 million round of financing by Victory Park Capital. Investment proceeds will allow Momentum Funding to meet the underserved needs of clients experiencing financial hardships while pursuing a personal injury claim.

“Momentum Funding is fortunate Victory Park recognizes and shares our vision of helping personal injury clients move their cases, and their lives, forward,” said Momentum Funding Co-founder and President Elizabeth Pekin, Esq. “The available capital will allow Momentum to grow and expand our legal funding network nationwide.”

Founded in 2015 by Pekin and co-founder Elisa Moss, Momentum Funding is headquartered in Boca Raton, Fla., with regional offices in Clearwater, Fla., and Chicago, Ill. The two female entrepreneurs founded the company to help plaintiffs secure funding via a product that is easy to understand with proceeds that are available in as little as 24 hours. While most legal finance companies market directly to plaintiffs, Momentum differentiates itself in the industry by securing business directly from attorney relationships and legal networks. The Momentum Funding co-founders, along with its CEO Michael Pekin, Esq., have more than 40 years of combined experience in personal injury law and legal finance.

“The Momentum team brings decades of direct experience, and we believe this platform is well positioned for success in an underserved and still nascent marketplace,” said Tom Welch, principal at Victory Park Capital, an asset management firm focused on middle market debt and equity investments.

“We are very excited to launch Momentum Funding with the support of Victory Park,” said Michael Pekin, Esq. “Their expertise within the specialty finance industry, and specifically within the legal funding space, will better position Momentum to meet the growing financial needs of our clients.”

Momentum Funding LLC is a premier national legal finance company headquartered in Boca Raton, Fla., with regional offices in Clearwater, Fla. and Chicago, Ill. The company provides non-recourse funding to plaintiffs in personal injury cases.

Victory Park Capital (VPC) is a privately held registered investment advisor dedicated to alternative investing through the management of private investment funds. As specialists in credit and private equity investments, VPC focuses on middle market companies across a diversified range of industries.

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