Tradable, a technology company making institutional-quality private credit deals accessible to more investors, announced a new partnership with Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit, and Spring Labs, a leading enterprise technology company specializing in enterprise data security, to support the development and launch of its platform. As part of the partnership, Victory Park Capital and Spring labs participated in Tradable’s recent seed funding round, which also included contributions from members of Tradable’s board and management team.
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Tradable’s technology platform digitizes the ownership interests in private credit deals and helps managers syndicate by combining an AI-powered data room (Tradable Live Data Room, or “TLDR”), document signing, investor management, and ongoing deal operations and monitoring all in one place.
With $500M of supply-side flow already contracted, Tradable will leverage the combined resources of VPC, Spring Labs, and its seed funding to further develop its technology stack and execute its go-to-market strategy under the leadership of Founder and CEO Johnny Reinsch. Reinsch has advised and supported the growth of several fintech businesses, including global SMB early payments company Qwil, which he founded in 2015 and led until the company was sold to LSQ in 2022.
“We believe private credit generates some of the best risk-adjusted returns in the market, yet few investors can access deal opportunities in this asset class,” said Reinsch. “By streamlining syndications for leading managers, we’re lowering the barrier to entry for a broader group of investors to directly participate in institutional-quality private credit deals.”
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“The private credit industry is due for a software upgrade, and we believe Tradable is well positioned to make that happen,” said Richard Levy, CEO, CIO and Founder of VPC. “Johnny is adept at creating solutions that address gaps in access to financial products, and we look forward to continuing our work with him to help bring Tradable’s ambitions to life.”
“Private credit today is where private stock was before advances in technology drastically expanded access,” said Adam Jiwan, Spring Labs Co-founder and Executive Chairman. “Tradable is similarly reimagining the technology stack for private credit funds and their deals, which is a huge unlock for increasing transaction velocity and expanding distribution.”
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