Acquiring Company
Velocity Financial
Acquired Company
Toorak Capital
Description
Velocity Financial, Inc. has announced a definitive agreement to acquire the operating platform of Toorak Capital LLC. This acquisition includes management of Toorak's $3 billion business-purpose loan portfolio. The deal positions Velocity to enhance its lending capabilities and expand its market presence.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Toorak Capital?
Toorak Capital was acquired by Velocity Financial. The deal was reported on August 27, 2026. Velocity is a leader in investor real estate loans, specializing in originating and managing business purpose loans secured by residential and small commercial properties. Velocity Financial is publicly traded (VEL) and operates in Financial Services.
When did Velocity Financial acquire Toorak Capital?
Velocity Financial's acquisition of Toorak Capital was reported on August 27, 2026. Velocity Financial, Inc. has announced a definitive agreement to acquire the operating platform of Toorak Capital LLC. This acquisition includes management of Toorak's $3 billion business-purpose loan portfolio. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Toorak Capital do?
Toorak Capital LLC is a business-purpose lending and asset management platform. It is majority owned by funds advised by affiliates of KKR, a prominent global investment firm. It is privately held, operating in Financial Services.
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