VENTURE CAPITAL POST

San Francisco, US-based payday loan firm LendUp raised $50 million in debt funding from Victory Park Capital to provide small short-term loans for American consumers who have poor or no credit and expand to other states.

The 2012 controversy involving the private equity industry and Washington has not stopped the industry from continuing to offer former public officials with huge paydays, Politico reported.

Victory Park Capital sold its portfolio company Ascent Aviation Services Corp to LongueVue Capital Partners.