Divestiture/carve-outAug 27, 2026Pending
🇺🇸 United States
TCToorak Capital LLC (operating platform)VFVelocity Financial, Inc.
Financial Institutions › Specialty Finance & Fintech
Deal valueUndisclosed
AnnouncedAug 27, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Velocity Financial agreed to acquire the operating platform of Toorak Capital LLC, a business-purpose lending and asset management platform majority owned by KKR funds, in a 100% cash purchase. A third-party investment firm separately agreed to buy Toorak's roughly $3 billion loan portfolio, which Velocity will manage.
Deal rationale
The acquisition scales Velocity's origination and servicing platform, diversifies its lending products, expands into the UK and adds capital-light fee-based revenue.
AI-generated from the SEC filingPendingFinancial Institutions › Specialty Finance & FintechUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash |
Advisors
Buy-side
BBarclays
Sell-side
PSPiper Sandler
Parties
Target
TCToorak Capital LLC (operating platform)
- Headquarters
- United States
- Ticker
- —
Acquirer
VFVelocity Financial, Inc.
- Headquarters
- United States
- Ticker
- —
Seller
TCToorak Capital LLC
- Headquarters
- —
- Ticker
- —