The Link Financial Group, an investment management and outsourcing firm, has launched an asset finance company called Victoria Asset Finance.
The firm said the newly formed company will focus on the provision of asset finance and leasing services, and valued the UK market at over £27bn (€36.73bn).
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Victoria Asset Finance will be backed by the Group's €1.5bn Credit Opportunities fund, and seeks opportunities to purchase assets including those in run-off or that are non-core; provide funding to partner businesses as well as to lend its servicing expertise on an outsourced basis to credit originators, OEMs and equipment resellers.
Victoria Asset Finance will join a growing list of complementary companies within its group that includes outsourcing, fund management, specialist advisory and legal services.
Selina Burdell, Link Financial Group chief operating officer said: "Link Financial Group has been an industry leader in credit for over 16 years, developing products ranging from consumer loan servicing through to specialist fund management. Launching Victoria Asset Finance, as we have, will allow us to leverage up our Group resources.
"These will include not only the relationships which we have developed with our key partners but allow us to drive operational efficiencies through our proprietary system LDMS as well as leveraging up our specialist funding expertise which has been developed across over 2,000 individual portfolio purchases the Group has made since 1999."
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