This article attempts to challenge binary notions of victim and perpetrator categories by taking into account the complex interaction of actors who both participate in, and are impacted by, terrorist violence. Semi-structured interviews were conducted with self-identified Republican (n = 25) and Loyalist (n = 27) ex-prisoners in Northern Ireland who are currently involved in self-described peace initiatives. Results suggest that political ex-prisoners evoke notions of collective victimization as a vehicle to bridge their transition from paramilitary to peace maker in this context. The implications are discussed in terms of understanding the functionality of collective victimhood for those who controversially adopt the label.