Valkyria Chronicles 2: Can't load into game out of lobby

Hi folks!

My friend and I are trying to play Valkyria Chronicles 2 together in Coop.
We are able to enter into a lobby with each other but when we launch the game we just get stuck in the black "com..." screen forever.
We've gotten MH and SOCOM 3 to work without issue.

Does anyone know how to fix this?

Thanks in advance!