Key Takeaways
- • Victory Park Capital, a Janus Henderson affiliate, has launched the AltsABF Tokenized Feeder Fund (VALTS), giving US investors tokenised access to its Privacore VPC Asset Backed Credit Fund (AltsABF).
- • AltsABF is a non-listed, closed-end interval fund launched in January 2026 with a reported $250m size.
- • VALTS was built with Tradable, a private asset marketplace and tokenisation platform, and runs on the Stellar blockchain network.
- • VALTS is priced on the net asset value of its AltsABF holding, net of VALTS-level fees, and targets quarterly liquidity with monthly stablecoin income distributions.
- • Tradable says it has tokenised $3bn (£2.3bn) in private credit to date, building on a 2023 relationship with VPC.
Summary
Victory Park Capital (VPC), an affiliate of Janus Henderson, has launched the AltsABF Tokenized Feeder Fund (VALTS), according to the firm's announcement reported by Alternative Credit Investor. The vehicle gives US investors tokenised access to the Privacore VPC Asset Backed Credit Fund (AltsABF), a non-listed, closed-end interval fund that launched in January 2026. The publisher's related coverage describes AltsABF as a $250m asset-backed credit fund.
VALTS was developed with Tradable, a private asset marketplace and tokenisation platform, and is available on the Stellar blockchain network. The fund is priced on the net asset value of its investment in AltsABF, net of VALTS-level fees and expenses. The firms said VALTS expects to offer quarterly liquidity and to pay monthly income distributions directly to investors' wallets in stablecoin.
Kinan Hayani, partner at VPC, said that since launching AltsABF earlier this year the firm has focused on expanding access to private asset-backed credit, and that the VALTS launch responds to growing demand for on-chain products. Alex Cordover, chief executive of Tradable, said the launch shows how blockchain infrastructure can create new distribution opportunities and operational efficiencies without changing how managers invest.
The partnership builds on a relationship dating to 2023, when VPC supported the development and launch of Tradable's platform to help modernise private credit markets through tokenisation. Tradable says it has since tokenised $3bn (£2.3bn) in private credit.
VALTS was developed with Tradable, a private asset marketplace and tokenisation platform, and is available on the Stellar blockchain network. The fund is priced on the net asset value of its investment in AltsABF, net of VALTS-level fees and expenses. The firms said VALTS expects to offer quarterly liquidity and to pay monthly income distributions directly to investors' wallets in stablecoin.
Kinan Hayani, partner at VPC, said that since launching AltsABF earlier this year the firm has focused on expanding access to private asset-backed credit, and that the VALTS launch responds to growing demand for on-chain products. Alex Cordover, chief executive of Tradable, said the launch shows how blockchain infrastructure can create new distribution opportunities and operational efficiencies without changing how managers invest.
The partnership builds on a relationship dating to 2023, when VPC supported the development and launch of Tradable's platform to help modernise private credit markets through tokenisation. Tradable says it has since tokenised $3bn (£2.3bn) in private credit.
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