Silver Point Capital announced the final closing of Silver Point Specialty Credit Fund III, the latest fund in Silver Point's 21-year-old Direct Lending franchise. Inclusive of new commitments to other direct lending vehicles made during the... Read Story

White Oak Global Advisors announced a new partnership with the United Submarine Alliance (USA) Qualified Opportunity Fund LP.As part of the relationship, White Oak will bring unique capital solutions to domestic manufacturers supplying Columbia and... Read Story

Bain Capital completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. This capital base includes Global Special Situations Fund II, which received $5.7... Read Story

Equify Financial announced the launch of its new division offering receivables lending and ABL capital solutions serving a variety of industry sectors.  This new division is officially named Equify Business Funding. The expansion demonstrates... Read Story

During the first nine months of 2024, Encina Private Credit (“Encina”) provided over $355 million of first out enterprise value loans to a wide range of middle-market companies. Encina continued to partner with direct lenders and private equity... Read Story

Cedar Croft Consulting acted as a financial advisor for Ted's Hot Dogs' recent senior debt refinancing. Ted’s Hot Dogs, a beloved restaurant chain since 1927, is based in Buffalo, New York. It is famous for its charcoal-broiled hot dogs and... Read Story

IBC Bank announced a strategic partnership with Finanta, a pioneer in financial technology solutions, aimed at revolutionizing its commercial loan originations, collateral management, portfolio management and all lines of business in commercial... Read Story

Monroe Capital closed its inaugural collateralized fund obligation (“CFO”) known as Monroe Capital CFO I, Ltd. The $315 million CFO provides investors access to a diversified portfolio of Monroe’s strategies, including Monroe’s flagship senior... Read Story

Lendscape appointed Patrick Myles as Chief Technology Officer. With over 25 years of experience in senior technology leadership roles, Myles will spearhead Lendscape’s continued innovation and product development, ensuring its solutions remain at the... Read Story

Asset Based Lending (ABL), a provider of private capital to real estate investors, successfully closed its second unrated securitization, ABL 2024-RTL1, totaling $175 million. This marks the second entry in their securitization program and features... Read Story

Ares Management Corporation announced that funds managed by its Credit Group closed approximately $12.3 billion in U.S. direct lending commitments across 86 transactions during the third quarter of 2024 and approximately $44.5 billion in direct... Read Story

Northrim BanCorp announced the acquisition of Sallyport Commercial Finance in an all cash transaction that closed on October 31, 2024 and is valued at approximately $53.9 million. Sallyport Commercial Finance, LLC is a leading provider of factoring... Read Story

eCapital announced the successful acquisition of Optimum Finance Ltd., a Bristol, U.K.-based leader in invoice financing. This acquisition represents a significant milestone in eCapital’s expansion roadmap and reinforces its leadership in the U.K.... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to Hi-Tek Data Holdings LLC., a premier managed service provider, on its recapitalization by Sea Pine Equity Partners, a lower middle-market private equity firm focused on the service... Read Story

Runway Growth Capital, a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM... Read Story

Monroe Capital has been selected by Inc. Magazine’s 2024 List of Founder-Friendly Investors. The list honors Lenders, Venture Capital and Private Equity firms with a track record of backing founder-led companies and helping them achieve success. As a... Read Story

Blackstone announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone has closed on approximately $22 billion of investable capital for the... Read Story

Laurentian Bank announced its LBC Capital and Northpoint Commercial Finance subsidiaries are uniting under one brand, Northpoint Commercial Finance, as of November 1, 2024. The merging of these two brands is a natural and anticipated evolution of... Read Story

Solifi, a global fintech software partner for secured finance, announced that Allied Credit Group, an Australian-based automotive and equipment finance organization, will implement the company’s Open Finance Platform SaaS solutions in support of its... Read Story

Hilco Global and TPG Angelo Gordon announced the formation of a new joint venture that will identify, acquire, and finance consumer brands and IP in partnership with Bluestar Alliance, LLC. In connection with the launch, the JV has completed a series... Read Story

5C Investment Partners (“5C”), an alternative investment firm focused on private credit, announced the commencement of investing activity as part of their senior direct lending platform. 5C will begin investing with $1.6 billion of available capital... Read Story

Nuveen Churchill Private Capital Income Fund (“PCAP”) and Nuveen Churchill Private Credit Fund (“NCPCF”) have entered into a purchase and sale agreement pursuant to which NCPCF will sell to PCAP substantially all of its assets, PCAP will assume... Read Story

Linedata is launching a suite of new capabilities for Linedata Capitalstream, its lending and leasing software solution for credit origination and risk management, that revolutionize the future of financial services. With these new features, Linedata... Read Story

B&D Capital Partners announced the successful placement of an $89.5 million debt financing led by Huntington Bank and up to $200 million of capital commitments in a special purpose financing vehicle led by Stonehenge Structured Finance Partners and... Read Story

Proskauer revealed the results of its Q3 2024 Private Credit Default Index (“Default Index” or the “Index”), with an overall default rate of 1.95%. The Q3 default rate is a decrease from 2.71% in the prior quarter. However, the overall default rate... Read Story

Morgan Stanley Investment Management has closed North Haven Tactical Value II Fund LP (“NHTV II” or the “Fund”) and affiliated funds at approximately $2 billion of committed capital, representing a nearly 50 percent increase over the predecessor fund... Read Story

EverBank has significantly expanded and strengthened its equipment finance capabilities by launching a new Corporate Asset Finance division. To lead the new business, the bank has appointed industry veteran Maureen Carr as Managing Director.The new... Read Story

WhiteHawk Capital Partners, an asset based direct lending investment manager, announced the final closing of WhiteHawk Fund IV ("WH IV" or the "Fund"). With total equity commitments of over $1.1 billion, which includes WH IV and related vehicles. The... Read Story

Blue Owl Capital announced the five-year anniversary of its investment in Wingspire Capital, a premier asset-backed direct lender that operates two business units, Wingspire Equipment Finance and Wingspire Corporate Finance.Blue Owl Capital... Read Story

The Seismic Group, a leader in value creation by identifying and eliminating operational inefficiencies, announces the launch of Seismic Capital Solutions. The new company will offer a full spectrum of equipment and commercial financing solutions... Read Story

Monroe Capital has entered into a definitive partnership agreement with Wendel Group relating to Wendel’s strategic investment in Monroe. At closing, Wendel will commit $1 billion for seed capital and GP commitments for current and future Monroe... Read Story

Altriarch Asset Management, a private credit firm, announced a $70 million commitment from the State of Wisconsin Investment Board (“SWIB”). The investment allocates $20 million for Altriarch’s Specialty Finance Strategy launched in August 2023, that... Read Story

Inc. announced its third annual Power Partner Awards. The prestigious list honors B2B organizations across the country that have proven track records supporting entrepreneurs and helping startups grow. This year’s list recognizes eCapital among 359... Read Story

Turning Rock Partners, a private investment firm based in New York, announced the realization of its $45 million investment in MedShift (the "Company"). The Company is a founder owned and led medical technology software provider based in Charlotte... Read Story

JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, announced a series of transactions raising $72 million in gross proceeds. The raise will accelerate JPC's growth... Read Story

Global consulting firm J.S. Held, proudly celebrating 50 transformative years, acquired Stapleton Group and announces the creation of the Strategic Advisory practice under the leadership of Michael Jacoby, CTP. The Stapleton Group acquisition further... Read Story

Amerisource Business Capital proudly commemorates four decades of excellence and client-centric service as it celebrates its 40th milestone anniversary.Since its inception in 1984, Amerisource has consistently set the standard for integrity... Read Story

Solifi, a global fintech software partner for secured finance, announced that it will receive a majority investment from TA Associates ("TA"), a leading global private equity firm. This transaction will accelerate Solifi’s growth by supporting... Read Story

Tiger Finance’s lending platform committed $125 million of capital in the third quarter to support clients’ strategic growth initiatives across various business sectors.  Significant deals in Q3, which ended September 30, included providing capital... Read Story

Portage Point Partners, a business advisory, interim management and investment banking firm serving middle market stakeholders, announced a strategic minority growth investment from New Mountain Capital, a growth-oriented investment firm with over... Read Story

Janus Henderson Group, a leading global active asset manager, announced that it has entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors, LLC (“VPC”), a global private credit manager with a nearly two... Read Story

Ansley Park Capital announced a major milestone in its first full quarter of operation. The company successfully funded $200 million across a wide range of industries, bringing its total originations to more than $250 million since its inception. The... Read Story

Rosenthal & Rosenthal completed a deal to acquire the assets of Accord Equipment Finance, the equipment leasing division of Accord Financial Corp., the Toronto-based commercial finance company. As part of the deal, Rosenthal will acquire Accord’s U.S... Read Story

Mizuho Financial Group and Golub Capital announced a strategic partnership. As part of the agreement, Mizuho has purchased a passive, non-voting minority stake in Golub Capital’s management companies, and Mizuho will serve as a strategic distribution... Read Story

Structured Finance (SF) asset performance continues to be weaker in 2024 relative to 2023 with a slowdown in economic and labor market growth, Fitch Ratings says. Nevertheless, Fitch expects arrears and defaults to remain low in absolute terms for... Read Story

Citigroup and Apollo entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to... Read Story

The White House selected Monroe Capital to develop a first-of-its-kind investment strategy focused on supporting businesses operating in the U.S. automotive supply chain. Along with the advisory support of MEMA, The Vehicle Suppliers Association... Read Story

Silver Point Capital, a global credit investing firm, announced the successful final close of its latest opportunistic credit fund at $4.6 billion in total commitments, exceeding the $4.0 billion target and more than double the size of its 2019... Read Story

KBRA released updated research that examines the resilience of its ratings for fund finance structures and rated notes employed by middle market corporate lending funds.The private credit market, in particular the direct lending and infrastructure... Read Story

CapitalPlus Supply, a leading material provider for the construction industry, is pleased to announce it has provided $3 million in materials to a prominent Louisiana-based marine contractor.The contractor was awarded a substantial project that... Read Story

Viola Credit, a global asset manager focused on providing asset-based lending solutions to the innovation economy, announced a strategic joint venture with Cadma Capital Partners ("Cadma"), an affiliate of Apollo Global Management ("Apollo") that... Read Story

AllianceBernstein announced the launch of the AB CarVal Credit Opportunities Fund (ABAYX), an unlisted, closed-end interval fund.The Credit Opportunities Fund seeks to outperform high-yield bonds over time with less volatility and lower correlation... Read Story

Octaura Holdings announced the launch of Market Lists, a new protocol powered by data and analytics that streamlines the collateralized loan obligation (CLO) liquidation process for more efficiency throughout the trading lifecycle. Market Lists... Read Story

Great Rock Capital announced that during the third quarter, it has expanded the borrowing capacity for three existing portfolio companies. The new capital, totaling over $40 million, was provided through senior secured term loans, two of which were... Read Story

Brookfield Asset Management and Castlelake announced the closing of a $1.5 billion strategic partnership in which Brookfield has acquired a 51% stake in Castlelake's fee-related earnings and Brookfield Wealth Solutions has committed to invest into... Read Story

Three Keys Capital Advisors announced a new agreement with Mitsubishi HC Capital America to source and advise on commercial finance transactions, as well as those in sustainable development and capital raising. Together, Three Keys and Mitsubishi HC... Read Story

Sound Point Capital Management, a leading global alternative credit manager with more than $45 billion in assets under management, announced the final closing of Sound Point U.S. Direct Lending Fund III (“USDL III” or the “Fund”), its largest direct... Read Story

Womble Bond Dickinson (US) and Lewis Roca announced that the two large, multi-practice law firms have approved a combination, creating a powerhouse firm of more than 1,300 attorneys in 37 offices in the United States and the United Kingdom. The... Read Story

Versana announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and... Read Story

B. Riley Financial announced proposed strategic and financing initiatives intended to enhance shareholder value by accelerating debt repayment.The Company reported it has: Entered into a non-binding commitment for a debt financing of the B. Riley... Read Story

Comvest Credit Partners announced the recent closing of its debut Collateralized Loan Obligation (CLO), Comvest 2024-1 CLO (“Comvest CLO”), at $500 million.“We are excited to leverage Comvest’s resources and capabilities to further expand our credit... Read Story

Troutman Pepper and Locke Lord have agreed to merge effective January 1, 2025. The new law firm, which will be named Troutman Pepper Locke, will have more than 1,600 attorneys in 33 offices in the United States and two in Europe, with a meaningful... Read Story

Solifi, a global fintech software partner for secured finance firms, was listed among the top fourteen Fast Track FinTech winners, as well as an IDC Fintech Top 100 company. The 21st annual vendor ranking recognizes the world’s leading hardware... Read Story

EisnerAmper announced that the partners and colleagues of Elgin, IL-based, CPA firm Tighe, Kress & Orr, P.C. (“TKO”) are joining EisnerAmper in a combination expected to close in October 2024.Founded in 2007, and with offices in Chicago and Elgin... Read Story

Bain Capital Credit announced that the firm’s Private Credit Group invested $1.8 billion to support the growth of middle market and private equity-backed companies during the first half of 2024. Bain Capital Credit’s Private Credit Group made 43... Read Story

Harney Capital, a newly formed national boutique investment banking firm, announced its launch to provide comprehensive capital and M&A solutions designed for private and closely held middle market companies.  Harney Capital is a collaboration... Read Story

Cync Software announced the launch of Cync Syndicated Lending – a cloud-native solution designed to automate servicing of both syndicated and participation loans. The highly automated solution enables lead arrangers and agents to reduce time spent on... Read Story

CohnReznick is relocating its Dallas, Texas office operations to The Star in Frisco, Texas. The move provides greater amenities to the growing team of approximately 75 employees currently working from the firm’s office on Dallas Parkway in Dallas.The... Read Story

Deerpath Capital Management, a $8B AUM private credit manager focused on lending to the U.S. lower-middle market, announced a reset and upsize of Deerpath CLO 2018-1, a $402.8 million collateralized loan obligation (CLO).The CLO was originally sized... Read Story

The TCW Group, a leading global asset management company, closed its second $400 million Collateralized Loan Obligation (CLO) fund this year, TCW CLO 2024-2, Ltd., which is secured primarily by broadly syndicated first-lien loans. This close adds to... Read Story

Piper Sandler Companies completed the acquisition of Aviditi Advisors. Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner... Read Story

Obra Capital, an asset management firm with a specialized approach to alternative investing, secured new funded and unfunded credit facilities. Proceeds from the new facilities were used to retire Obra’s existing publicly-syndicated debt and provide... Read Story

Maranon Capital announced the closing of Maranon Loan Funding 2024-1, Ltd., a $500 million collateralized loan obligation (“CLO”). This represents the twelfth CLO issued by Maranon totaling $5.2 billion in aggregate.Maranon Loan Funding 2024-1, Ltd.... Read Story

Solifi recently partnered with LimePoint, a technology specialist in real-time data processing and data streaming consumers, to broaden accessibility to Solifi’s data streaming microservice solution.Solifi Data Streaming allows customers access to a... Read Story

EisnerAmper announced that the partners and colleagues of Los Angeles-area CPA firm KROST CPAs are joining EisnerAmper in a combination expected to close in September 2024.Founded in 1939, KROST has eight partners and a staff of more than 100... Read Story

Rosin Capital Group launched a new debt capital advisory firm, founded and led by industry veteran John Rosin.With over 30 years of experience in direct lending, Rosin brings a deep understanding of the debt capital landscape. Most recently, he... Read Story

Moritt Hock & Hamroff announced the launch of its newly redesigned website.  The site boasts a clean, modern appearance with  advanced technology and improved navigation that provides the firm's existing and prospective clients with a more intuitive... Read Story

Cortland Credit Group announced the successful repayment of its credit facility extended to Insulation Technology Group (ITG), a portfolio company of PHI Industrial.  Executed in June 2024, this repayment was almost precisely three years after the... Read Story

TaxNow, an innovative tax underwriting and monitoring platform, announced its new strategic partnership with XEN, a renowned multi-platform loan management software provider for lenders. This collaboration aims to improve the financial management... Read Story

Janus Henderson Group, a leading global active asset manager, has entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors, LLC (“VPC”), a global private credit manager with a nearly two decade-long track... Read Story

Inc. revealed that eCapital Corp ranks number 1968 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s... Read Story

Moritt Hock & Hamroff announced that Gary S. Rosner, a Partner and member of the firm’s Alternative Dispute Resolution and Litigation Practice Groups has been appointed to the Florida Supreme Court's Mediator Ethics Advisory Committee (MEAC) by Chief... Read Story

Houlihan Lokey agreed to acquire Waller Helms Advisors (Waller Helms), an independent advisory firm that provides investment banking services to clients in the insurance and wealth management sectors. The transaction, signed on August 6, 2024... Read Story

Gordon Brothers has launched a Real Estate Services practice in Europe, the Middle East and Africa. Ben Lovell, Senior Director, Real Estate, EMEA has joined Gordon Brothers to lead the growth of the Real Estate Services practice in the region.... Read Story

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced the final close of its Stonepeak Opportunities Fund (the “Fund”). Following strong investor demand, the Fund was meaningfully oversubscribed... Read Story

TPG Twin Brook closed $3.9 billion for its fifth direct lending fund.Jon Winkelried, CEO of TPG said, “During the quarter, we held a final close for Twin Brook’s fifth drawdown fund. In total, we raised $3.9 billion, which exceeded our original fund... Read Story

CohnReznick announced that its Digital Advisory practice has formed an alliance with Tipalti, a global finance automation company helping organizations drive efficiency through the automation and scalability of payables operations. By leveraging the... Read Story

Ares Management Corporation announced that funds managed by its Credit Group closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct... Read Story

In KBRA’s Q2 middle market (MM) surveillance compendium, KBRA examined how revenue and EBITDA growth have cushioned the blow of higher interest costs among private credit borrowers. The analysis is especially interesting due to the dearth of observed... Read Story

LibreMax Capital entered into a partnership with iCapital to offer wealth managers and advisors globally access to LibreMax’s investment strategy via iCapital Marketplace.Founded in 2010 by Chief Investment Officer Greg Lippmann, LibreMax is a $10.5... Read Story

Ares Management Corporation announced the final closing of Ares Senior Direct Lending Fund III (“SDL III” or the “Fund”). With total equity commitments of approximately $15.3 billion, SDL III was oversubscribed relative to its initial target of $10.0... Read Story

REV Capital launched a new market strategy focused on providing leading commercial finance solutions across North America, signaling a pivotal advancement for the company.  As part of the strategy, REV Capital also announces the transition of their... Read Story

Moritt Hock & Hamroff announced that Michael Cardello III, the firm’s Managing Partner, has been elected to serve as Chair of the Commercial & Federal Litigation Section of the New York State Bar Association (NYSBA).  This Section seeks to improve... Read Story

Monroe Capital closed a $561.8 million term debt securitization known as Monroe Capital MML CLO XVI, LTD. The term financing was Monroe's fourth CLO completed since 2022 and is secured by a portfolio of middle market senior secured loans.Monroe sold... Read Story

U.S. small business lenders increased requirements to qualify for financing in the first half of 2024, but are cautiously optimistic the market will improve, according to the Q1 2024 SMB Lending Index released by Lendio.Lendio's SMB lending index... Read Story

SSG Capital Advisors (“SSG”) served as the investment banker to George L. Miller, the Chapter 7 Trustee of Gelesis Holdings Inc. and certain affiliates, in the sale of substantially all assets to an affiliate of Theras Group S.r.l., T-Investments S.r... Read Story

Deerpath Capital Management announced the reset and upsize of Deerpath CLO 2021-1, a $402.9 million collateralized loan obligation (CLO).The CLO was originally sized at $362.9 million and priced in March 2021. This upsize and repricing represents the... Read Story

Alvarez & Marsal Tax, an affiliate of leading global professional services firm Alvarez & Marsal (A&M), announced the launch of its new License Advisory Services (LAS) offering. Spearheaded by LAS National Practice Leader and Managing Director Ashley... Read Story

Trinity Capital launched a new vehicle in partnership with Eagle Point Credit Management LLC. Trinity's wholly owned registered investment adviser will be an adviser to the new vehicle, thereby bolstering the Company's sources of capital for lending... Read Story

Solifi, a global fintech software partner for secured finance, announced that Canadian Kawasaki Motors Finance Corporation (CKMFC) has successfully migrated its Canadian operations to Solifi Wholesale Finance, expanding its usage across North America... Read Story

Moritt Hock & Hamroff announced that Leslie Berkoff and Theresa Driscoll, Partners of the firm, have been recognized by Lawdragon as 500 Leading U.S. Bankruptcy & Restructuring Lawyers for 2024. The annual Lawdragon 500 Leading Lawyers in America is... Read Story

Trinity Capital announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter... Read Story

Lloyds Bank and Oaktree Capital Management announced a strategic partnership (the “Partnership”) to support UK middle-market sponsor-backed borrowers. Lloyds Bank Structured Debt Finance team will partner with Oaktree’s European Private Debt platform... Read Story

Alvarez & Marsal (A&M) has expanded its capabilities by acquiring London-headquartered executive search firm Wilkinson Partners. Tom Wilkinson, founder and CEO of Wilkinson Partners, will assume the role of Managing Director and lead the newly formed... Read Story

Blue Owl Capital entered into a definitive agreement to acquire the business of alternative credit manager Atalaya Capital Management LP for $450 million. The acquisition is expected to close in the second half of 2024, subject to customary closing... Read Story

Tiger Group’s Advisory Services division has facilitated the sale of athleisure lifestyle brand Outdoor Voices to consumer-focused investment manager Consortium Brand Partners. After encountering financial distress, Outdoor Ventures engaged Tiger for... Read Story

Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the second quarter of 2024. Revenue grew 7% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Q2 2024... Read Story

Star Mountain Capital announced that Charles Millard has joined as Senior Advisor.Millard has 30+ years of economic policy, investment advisory and wealth management experience and is a prominent speaker and writer within the pension and retirement... Read Story

Solifi, a global fintech software partner for secured finance, announced it was shortlisted in three categories at the Asset Finance Connect (AFC) Summer awards, which will take place at the Honorable Artillery Company on Tuesday 9th July and will... Read Story

Asset Compliant Solutions, a leading collections, recovery and portfolio optimization firm will be hosting a webinar event on Tuesday, July 13 at 3pm EDT titled Prospering in a Changing Landscape. The webinar will feature leaders from asset-based... Read Story

Beth Rahn, former Head of Family Capital at McNally Capital,announced the launch of her fundraising advisory firm, New Era Advisors (“New Era”). New Era will provide fundraising advisory and fund placement services to female and diverse investment... Read Story

Horizon Technology Finance Corporation, an affiliate of Monroe Capital, announced that Horizon Funding II, LLC, Horizon’s wholly-owned subsidiary (“HFII”), has closed a $100 million senior secured credit facility led by a large U.S. based insurance... Read Story

Cresset Partners announced that its flagship private credit portfolio, Cresset Partners Private Credit Fund, LLC (CPCF), has surpassed $500 million in assets under management—a significant milestone. CPCF began investing in April of 2023 and is... Read Story

Castlelake, a global alternative investment manager specializing in asset-based private credit investments, has reached an agreement to purchase up to $1.2 billion of consumer installment loans from Upstart, an artificial intelligence (AI) lending... Read Story

Peach Finance, a leading modern servicing technology platform, announced its partnership with Pipe, helping the modern capital platform power its working capital solutions.Pipe, which has raised more than $300M in venture funding, provides small and... Read Story

Arcadia Finance, a new litigation funding firm focused on commercial litigation and arbitration, announced its official launch to offer customized financial solutions and unparalleled support to empower clients and partners in achieving their legal... Read Story

According to a Bloomberg report,  Antares Capital is looking to raise as much as $6 billion for its third senior loan fund.According to the Bloomberg report, the direct lender’s third fund has a target of $5 billion to $6 billion, though that figure... Read Story

Solifi, a global fintech software partner for secured finance, is celebrating its 50th anniversary after enjoying substantial growth in 2023.Founded in Minnesota as Decision Systems in 1974, the business initially specialized in solutions for... Read Story

SSG Capital Advisors served as the investment banker to Contract Pharmaceuticals Limited Canada and its affiliates (“CPL” or the “Company”) in its restructuring and sale to Aterian Investment Partners via a Reverse Vesting Order (“RVO”). The sale was... Read Story

Goetz Fitzpatrick and Platzer, Swergold, Goldberg, Katz, and Jaslow announced their upcoming merger to become Goetz Platzer LLP. The synergetic merger will double the size of both firms and propel growth in their core practice areas of construction... Read Story

SG Credit Partners announced the launch of SG Commercial Finance (“SG CF”) and the hiring of career ABL executives John Nooney and Mark Pickering to lead the group.  SG Commercial Finance is a new vertical under the SG umbrella formed to originate... Read Story

Figure Technology Solutions, a technology platform streamlining the private credit and housing markets, announced the launch of Figure Connect, a first-of-its-kind blockchain-based multi-seller, multi-buyer marketplace of private credit loans.Figure... Read Story

Tax Guard, a Cogency Global Company and the first provider of real-time IRS tax data services, has entered a partnership with San Diego-based Ventures Lending Technologies, a premier end-to-end lending software for banks and mission-based... Read Story

Ares Commercial Finance (“ACF”) announced it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with... Read Story

Piper Sandler Companies entered into a definitive agreement to acquire Aviditi Advisors.Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and... Read Story

StepStone Private Wealth announced the launch of the StepStone Private Credit Income Fund (“CRDEX”), an evergreen interval fund that can be purchased daily via ticker CRDEX.CRDEX offers individual investors and institutions exposure to a highly... Read Story

Principal Asset Management launched the Principal Private Credit Fund I, offering exposure to lower and core middle market loans, with immediate access to these direct lending investments. The fund will target 90% plus exposure to private credit and... Read Story

Nassau Financial Group (“Nassau”), a provider of fixed annuities and asset management, and Golub Capital, a direct lender and experienced credit asset manager, have signed a definitive agreement to enter into a strategic partnership. As part of this... Read Story

Great Rock Capital announced the recent upsize of its investment-grade corporate note financing. The new notes were assigned a BBB rating by a nationally recognized statistical ratings organization, where Brean Capital served as the exclusive... Read Story

Grant Thornton and New Mountain Capital announced the closing of a significant growth investment in Grant Thornton that will accelerate the firm’s business strategy. CDPQ and OA Private Capital made minority investments in Grant Thornton alongside... Read Story

Nearly three quarters of Americans (72%) lack the financial confidence needed to manage a large influx of money on their own, according to a new survey by Citizens. As Baby Boomers, the most financially prosperous generation in history, are set to... Read Story

Trinity Capital announced its strategic expansion into Europe with the appointment of London-based Craig Fox as Managing Director. This initiative aligns with the Company's long-term vision of supporting high-growth companies globally.By establishing... Read Story

Capital Group and KKR announced an exclusive, strategic partnership to bring new ways for investors to incorporate alternative investments into their portfolios. Capital Group and KKR intend to make hybrid public-private markets investment solutions... Read Story

Alvarez & Marsal announced the formation of its Alvarez & Marsal Legal Services (AMLS) business, which will provide management and consulting services to law firms worldwide. AMLS gives access to world-class technology and outsourcing services to... Read Story

Churchill Asset Management and Dawson Partners announced the closing of a $425 million transaction.The transaction, solely financed by Dawson vehicles, served as an alternative solution to a traditional secondary sale, delivering liquidity to... Read Story

Second Wind Consultants, America’s most respected name in corporate turnaround, announced its formal merger with Polaris Business Advisors.Through the merger, Polaris Business Advisors will become Rise Alliance – offering new capabilities and... Read Story

Pathward announced the expansion and transformation of its suite of offerings for financial institutions. Formerly known for providing prepaid cards to banks and credit unions, Pathward’s new Solutions for Financial Institutions includes expanded... Read Story

Solifi announced the launch of ESG Portfolio Strategist, as the latest innovative application in its product suite. Enabling automotive finance businesses to operationalise ESG strategy within their existing leasing workflow, ESG Portfolio Strategist... Read Story

Raymond James is expanding the capabilities of its Investment Banking division by partnering with Eldridge Industries and Raymond James Bank to provide private credit solutions to sponsor-backed portfolio companies in four primary sectors: Consumer... Read Story

Nabil Istafanous announced the launch of Foothills Capital Advisory, a practice dedicated to helping businesses secure the necessary working and growth capital to succeed in today's challenging credit environment.During times of higher interest rates... Read Story

Benefit Street Partners announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with approximately $850 million in capital commitments. Fund II will seek to continue the investment... Read Story

nFusion Capital’s Senior Account Executive Melanie Guzman has been named a recipient of the Secured Finance Network’s (SFNet) 40 Under 40 Award in the Portfolio/Risk Management category. This award celebrates the achievements of leading young... Read Story

All assets from the fully furnished, 40,000-square-foot Raynham plant of Medrobotics—maker of groundbreaking robotic surgical platforms used by nearly 30 hospitals globally—are available in a turnkey sale by Tiger Group and Liquidity Services. “This... Read Story

Trinity Capital announced the expansion of its business with the addition of a new Sponsor Finance vertical. This strategic expansion naturally extends the Company's established expertise in providing direct lending solutions to sponsor-backed... Read Story

FGI Worldwide and Validis, an open accounting API, have partnered to integrate their respective credit management and data extraction platforms. This strategic partnership will allow businesses sharing their Accounts Receivables (A/R) data with... Read Story

EisnerAmper announced that the partners and colleagues of Boston, Massachusetts-based CPA firm Edelstein & Company, LLP, are joining EisnerAmper in a combination expected to close in June 2024.Founded in 1968, Edelstein has 11 partners and a staff of... Read Story

Solifi announced that Kasey Hobson has been recognized for her achievements in the secured finance industry in the SFNet 40 Under 40 Awards.“Featuring on the list of winners for the SFNet 40 Under 40 award is a great honor,” says Hobson. “I am... Read Story

KKR released “No Turning Back,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).Based on a proprietary survey of nearly 50 Chief Investment Officers (CIOs) who collectively oversee... Read Story

The Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.“Noncompete clauses... Read Story

U.S. corporate finance leaders have increased focus on cutting costs to prepare their firms for potential economic and geopolitical uncertainty, according to the fourth annual U.S. Bank CFO Insights Report.The survey of more than 2,000 senior finance... Read Story

Hercules Capital is celebrating its 20th year of originations activity by reaching the $20.0 billion milestone in total debt commitments.Founded in December 2003, and originating its first deal in 2004, the Company’s mission was simple: Provide... Read Story

The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed... Read Story

Deerpath Capital Management closed Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This marks Deerpath's first new issuance CLO in 2024. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this transaction... Read Story

Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is launching a new division and introducing additional financing solutions customized for Canada’s... Read Story

Advantage Business Capital / Far West Capital announced a clarification of corporate identities. Moving forward, all Austin, TX employees will operate under the Advantage Business Capital name. Operations in El Paso, TX, solely focused on the... Read Story

Haversine Funding announced the rebranding of its thought-provoking and informative podcast. Originally launched as “OnDeck with Haversine” anticipating a limited run, the overwhelming viewer response has inspired its extension well into 2025. The... Read Story

King Trade Capital, the oldest and largest independent purchase order and non-bank trade finance solutions provider in the U.S., announced 1st quarter revenue growth exceeding 30 percent. King Trade Capital's Founder Edward King said, “We are quite... Read Story

Solifi announced the completion of the integration with Codat, a leading provider of enhanced-connectivity automated solutions. The out-of-the-box functionality enables asset-based lending (ABL) firms to make smarter, faster and actionable credit... Read Story

A new survey from Grant Thornton revealed that chief financial officers (CFOs) are more optimistic about the U.S. economy than they’ve been in nearly three years.   Grant Thornton’s Q1 2024 CFO survey, which polled 273 senior finance leaders... Read Story

Aequum Capital generated a record $96MM of commitments in the first quarter of 2024 to small and medium sized commercial businesses. This record quarter is indicative of the growing confidence and trust Aequum's partners have shown in the firm's... Read Story

CohnReznick established a new Digital advisory practice. Bringing together an expanded, integrated portfolio of solutions and technology partners, the practice helps businesses navigate technology- and data-related opportunities and leverage digital... Read Story

Blue Torch Capital, a New York-based private credit investment firm, announced the closing of Blue Torch Credit Opportunities Fund III and its affiliated entities with total investor commitments of $2.3 billion, exceeding its $2.0 billion... Read Story

XEN, a cloud-based loan management platform serving the commercial lending industry, announced the appointment of Zahid Jethani as its new Chief Technology Officer.Zahid brings a distinguished track record in software development, engineering, and... Read Story

Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the first quarter of 2024. Revenue grew 5% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Growth in Q1 2024... Read Story

Finley, a debt capital management platform for borrowers and asset managers, announced the launch of the Finley Verification Suite, a set of capabilities that enables lenders in asset-backed lending (ABL) arrangements to verify the accuracy of... Read Story

Jefferies Financial Group and SMBC Group have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. SMBC Group comprises Sumitomo Mitsui... Read Story

Durkin Group, a Gordon Brothers company, has expanded its field examination services with GB4 Group to serve a broader range of clients. GB4 Group provides comprehensive collateral field exam services for commercial banks and finance companies in the... Read Story

Tiger Finance’s lending platform continued to grow in the first quarter ended March 31, providing $102 million in financing to retail and other borrowers across North America. “Women’s specialty apparel retailers, in particular, continue to be... Read Story

PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, has been awarded the "Section 363 Sale of the Year ($50MM to $100MM)" by the 18th... Read Story

AGL Credit Management, an investment manager specializing solely on corporate credit strategies, and Barclays Plc announced an exclusive Cooperation Agreement and the launch of a new private credit investment platform, AGL Private Credit ("AGL... Read Story

Flatbay Capital was founded in 2019 with the goal of supporting business owners with their commercial real estate financing needs. Based in Houston, Texas, they are a nationwide non-bank lender focusing on owner-occupied commercial real estate loans.... Read Story

Golub Capital announced that Shuji Hatsukaiwa has joined as Managing Director, Japan and will be based in the Firm’s newly-opened Tokyo office. In his new role, he will be focused on deepening relationships with investors across Japan.“Japan is a key... Read Story

EisnerAmper announced that the partners and colleagues of Birmingham, Alabama-based tax, assurance and advisory, and real estate consulting firm Tidwell Group, LLC, are joining EisnerAmper in a transaction expected to close in May 2024.Founded in... Read Story

Susan Carol Creative has rebranded to Foresight Marketing Agency, in a move that reflects the significant growth in capabilities at this longtime leader in public relations and marketing communications for B2B clients in commercial finance, equipment... Read Story

Gordon Brothers completed the acquisition of substantially all the assets of Catch Co., a portfolio of fishing brands that has generated nearly $300 million in revenue since its inception in 2012 with the launch of Mystery Tackle Box. The acquisition... Read Story

Mitsubishi HC Capital America continues to make significant strides in its digital transformation efforts with the recent integration of MuleSoft Robotic Process Automation (RPA).In a move to strengthen business development and customer retention... Read Story

SSG Capital Advisors announced that Managing Director Teresa C. Kohl was presented with the M&A Advisor’s Leadership Award during the 18th Annual Turnaround Awards Gala in West Palm Beach, Florida on March 19. This prestigious award recognizes... Read Story

Yieldstreet, a leading private market investing platform, and Wilshire Advisors LLC, a global advisor with more than $1 trillion in assets under advisement, announced a strategic partnership that intends to revolutionize investor access to... Read Story

A deal team from Haynes and Boone advised BiomX Inc. in its merger with Adaptive Phage Therapeutics, Inc. (APT) and the concurrent $50 million private placement financing. The merger created an impactful phage therapy company with a robust pipeline... Read Story

Grant Thornton and New Mountain Capital, a leading growth-oriented investment firm with approximately $50 billion in assets under management, announced a significant growth investment to accelerate Grant Thornton’s business strategy. Grant Thornton... Read Story

In a recently posted Bloomberg Intelligence Credit Edge podcast, Bruce Richards, CEO and Chairman of Marathon Asset Management says asset-based lending is set to expand over the next 10 years at the same strong pace as private credit. Listen to the... Read Story

HarbourView Equity Partners (HarbourView) has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties. Insurance vehicles and accounts managed by KKR, a leading global... Read Story

Hilco Global announced a strategic expansion in its service offerings with the introduction of Hilco Pension Advisory (HPA). This pivotal development, which will expand the range of the service offerings already provided by the experts at Hilco... Read Story

Gordon Brothers is offering for sale by private treaty SmileDirectClub’s former assets and inventory on behalf of the debtor-in-possession lender. Offers are due by April 1 for the clear aligner production lines, 3D printers and support assets from... Read Story

Porter Capital Group announced a landmark achievement, having surpassed $10 billion in funding provided to businesses nationwide. With a broad client base spanning coast to coast, Porter Capital Group is recognized for its expertise in alternative... Read Story

Hilco Streambank, a leading advisory firm specializing in intangible asset disposition, valuation, and a leading market player for digital assets and  services, announced significant changes to its organizational structure and key executive... Read Story

GoldenTree Asset Management, a global asset management firm with over $53 billion in assets under management, announced the closing of its Private Credit Fund.GoldenTree’s Private Credit Fund (the “Fund”) secured commitments of over $1.35 billion... Read Story

Runway Growth Finance has established a joint venture (“JV”) with Cadma Capital Partners (“Cadma”), a credit financing platform for the venture and growth ecosystem that is an affiliate of Apollo Global Management. Cadma provides asset-backed... Read Story

Nomura Holdings has realigned the firm’s collective asset and investment management capabilities in the Americas under the new brand Nomura Capital Management LLC (NCM). The new brand is a subsidiary of Nomura Holding America Inc. (NHA) and will... Read Story

CFG Merchant Solutions, a technology-enabled specialty finance and alternative funding provider, announced the upsize to $30.0 million of its investment-grade corporate note. The transaction was assigned a BBB rating by a nationally recognized... Read Story

Solifi announced the release of the 2024 Global Leasing Report. This coveted digital publication details the trends, economic projections and insights into the top 50 leasing markets worldwide. This is the 18th edition that Solifi has partnered with... Read Story

Equifax is launching a real-time, Know Your Business (KYB) online Business Verification Solution offering to help U.S. lenders and businesses of all sizes make faster, more informed decisions before onboarding new accounts or vendors. New business... Read Story

Carl Marks Advisors has been awarded Distressed Deal of the Year at the 15th Annual Americas M&A Atlas Awards, hosted by Global M&A Network, LLC. In addition, Carl Marks Securities won Metals Deal of the Year, while Director Michael Gordon was... Read Story

Clarus Capital announced the expansion of its investment facility in collaboration with BharCap Partners. Steve O'Leary, CEO of Clarus Capital, highlighted the importance of this milestone, said, "Amid recent market volatility, Clarus continues to... Read Story

FGI Worldwide (“FGI”) announced that GemCap, a Texas-based provider of revolvers, term loans and factoring facilities for small and medium-sized businesses across the United States and Canada, has chosen FGI T.R.U.S.T.™ as a risk mitigation solution... Read Story

Fora Financial announced has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a record-setting 2023, in which it supplied the nation’s small... Read Story

Haynes and Boone released its first-ever Fund Finance Annual Report, which revealed an industry cautiously optimistic about growth despite facing headwinds, including rising interest rates and market disruptions.Even after the turbulent market of... Read Story

Värde Partners, a global alternative investment firm specializing in credit and credit-related assets, announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments... Read Story

A new survey from Grant Thornton revealed that chief financial officers (CFOs) have dramatically higher expectations compared to the most recent quarters. In fact, the majority of CFOs are confident in their ability to meet business goals related to... Read Story

Boxwood Partners continued its growth trajectory in 2023 as the premier advisor for middle-market clients across the franchising, residential services, commercial and industrial services, health and wellness, and business services sectors. Taking 17... Read Story

PineBridge Investments, a private, global asset manager focused on active, high-conviction investing, announced the final close of PineBridge Private Credit III ("Fund III") as of 30 January 2024, as part of the firm’s lower-middle-market direct... Read Story

U.S. middle market (MM) issuance was flat in 2023, according to a new Fitch Ratings report. The report, which incorporates data from Fitch’s LevFin Insights, shows that issuance was $36.5 billion in 2023, compared to $36.7 billion in 2022, and down... Read Story

Gordon Brothers has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.  The U.S.-based online retailer specialized in the sale of... Read Story

Phoenix Merchant Partners, an independent investment firm focused on providing broad financing solutions to the middle-market universe of companies, announced the closing of its first transaction, an innovative financing to Gryphon Holdings (the... Read Story

SoFi announced that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors access to the power to... Read Story

Churchill Asset Management, an investment specialist of Nuveen, closed a $400 million middle market collateralized loan obligation ("CLO"), Churchill MMSLF CLO III, on January 24, 2024.The CLO was structured in connection with Churchill’s... Read Story

National Funding is celebrating its 25th anniversary on January 27. It has provided over $4.5 billion in working capital and equipment leasing for SMBs nationwide.Ready to take on the traditional lending practices that made it difficult for small... Read Story

The TCW Group announced the launch of a dedicated Asset-Backed Finance (“ABF”) business that will be anchored with over $1 billion in capital commitments from TCW, partners, and affiliates.TCW was an early entrant to private credit and the continued... Read Story

The 2024 CFO Outlook Survey found that with continued economic uncertainty tied to interest rates, inflation, geopolitics, and the upcoming presidential election, many CFOs have moderate expectations for 2024 compared to the previous year: Now, 32... Read Story

FTI Consulting announced the findings of its 2024 Leveraged Loan Market Survey, which offers insight into bank and non-bank lenders’ perspectives on the U.S. loan industry and highlights expectations for leveraged credit market conditions in the year... Read Story

KCP Advisory Group, a restructuring and financial consulting organization that offers creative solutions nationally, announced its merger with Altman and Company. The merger of KCP Advisory Group and Altman and Company creates a national consulting... Read Story

Principal Asset Management reached $2 billion in borrower commitments through its direct lending business. Its direct lending investment team, known as Principal Alternative Credit, closed on over 115 transactions as of December 31, 2023, and... Read Story

Magnite, the world's largest independent sell-side advertising company, announced its intention to refinance its outstanding senior secured credit facilities.The Company intends to replace its existing credit facilities, consisting of a $360.0... Read Story

Phoenix Management, a part of J.S. Held, released the results of their Q4 2023 “Lending Climate in America” survey, which asked lenders how the credit ratings in their portfolios have changed from Q3 to Q4. A high majority of lenders (83%) signified... Read Story

Golub Capital BDC entered into a definitive merger agreement with Golub Capital BDC 3, Inc. (“GBDC 3”), with GBDC as the surviving company, subject to certain stockholder approvals and customary closing conditions. Following the merger, GBDC is... Read Story

Cohn & Dussi announced four attorneys from the firm were named Top Lawyers by Boston magazine.Boston magazine’s Top Lawyers List recognizes lawyers throughout Greater Boston for excellence in the field as chosen by their peers.The following Cohn &... Read Story

Golub Capital marked the start of its 30th anniversary year and reported key milestones achieved in 2023. The Firm raised a record $13.9 billion of new investment firepower and grew capital under management to over $65 billion, a new high. The Firm... Read Story

Uncertainty has remained a central theme in financial markets over the past several years. Surging inflation, rapid interest rate increases, slowing global growth, increased geopolitical risks and elevated stock and bond market volatility have all... Read Story

Trinity Capital announced certain highlights for the quarter and year ended December 31, 2023. Trinity originated $340.7 million of total new commitments in the fourth quarter, bringing total new commitments for the year ended December 31, 2023, to... Read Story

HYPERAMS, a full-service asset monetization, valuation, and advisory firm, announced the following leadership changes.On January 1, 2024, HYPERAMS formed the new entity Hyper Valuation Services (HVS).  All appraisal services will be conducted by this... Read Story

Crown Capital Partners has entered into an agreement with Canadian Western Bank ("CWB") which amends the terms of the Corporation's credit facility with CWB as follows: (i) reducing the maximum amount of the Corporation's operating loan limit from... Read Story

Richard J. Giusto and Alan T. Dimond, Shareholders in global law firm Greenberg Traurig, P.A.'s Miami office, have been named winners of Connect CRE's 2023 Lawyers in Real Estate Awards.The third-annual awards program recognizes attorneys who excel... Read Story

ABL Advisor will be closed Monday, January 1st for the New Year’s holiday. We will return with our Daily eNewsletter on Tuesday, January 2nd.We wish all of our readers and advertisers a very safe holiday and a happy, heatlhy and prosperous 2024! Read Story

Star Mountain Capital officially opened its Tampa, Florida office. “We found Tampa to be one of the best places to build businesses, livelihoods, and careers in America. With a diverse talent pool in Tampa at all career levels, it has enabled us to... Read Story

Maranon Capital closed Maranon Loan Funding 2023-2, Ltd., a $400 million collateralized loan obligation (“CLO”). This represents the eleventh CLO issued by Maranon.Maranon Loan Funding 2023-2 will primarily invest in leveraged loans to middle market... Read Story

Hilco Global, a prominent B2B financial services company is committed to giving back to communities where it does business by donating time, money and in-kind goods.  “Hilco Helps Warm the Winter” initiative is designed to deliver assistance to local... Read Story

ABL Advisor's offices will be closed on Monday, December 25th and Tuesday, December 26th in observance of the Christmas holiday. We will return with our Daily eNews on Wednesday, December 27th. We wish all of our readers, colleagues, contributors... Read Story

Houlihan Lokey announced a major expansion of its Private Funds Group to establish the Group as one of the preeminent global private capital advisory platforms.The firm has agreed to acquire Triago Management Development (Triago), a global... Read Story

Trinity Capital, a leading provider of diversified financial solutions to growth-stage companies, expanded its Phoenix headquarters, reaffirming Trinity's longstanding commitment to the region as it continues to scale its business.Trinity has doubled... Read Story

Pathlight Capital announced the final closing of its third fund, Pathlight Capital Fund III LP as well as the initial Tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP. The parallel Fund entities secured a combined $860.3 million... Read Story

Hilco Global announced the resounding success of "A Night of Shining Stars," a celebration and premier networking event hosted in collaboration with the Turnaround Management Association (TMA) of Chicago to raise money for the All Stars Project of... Read Story

EisnerAmper announced that the partners and colleagues of accounting, tax, and business consulting firm Hughes Pittman & Gupton, LLP (“HPG”), are joining EisnerAmper in a transaction expected to close in the spring of 2024. In a separate transaction... Read Story

Percent released their market outlook for 2024. The report, titled Percent’s 2024 Private Credit Outlook, summarizes the key macroeconomic trends from 2023 that propelled the asset class forward, with insights on what investors can expect for the... Read Story

Kennedy Lewis Investment Management, a leading alternative credit manager, announced that it has launched a partnership with iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, which... Read Story

BlackRock released its 2024 Private Markets Outlook, with investment views on how private markets – spanning different sectors, geographies, investment styles, and risk appetites – will evolve in the year ahead. Several mega forces including the... Read Story

Capstone Partners released its 2023 Middle Market Business Owners Survey Report, with insights from privately-owned companies across the U.S. This report combines Capstone's in-depth middle market knowledge with proprietary data obtained from 435... Read Story

A new survey on mergers and acquisitions (M&A) disputes from Grant Thornton revealed that dispute activity has increased — along with an increase in overall deal volume. The 2023 M&A Dispute Survey polled 150 active deal participants on both the... Read Story

Carl Marks Advisors announced its receipt of the Professional Services Deal Of The Year award for the mid-market category at the 22nd Annual M&A Advisor Awards, hosted by The M&A Advisor. The prestigious award recognizes the firm's exceptional work... Read Story

Vibrant Capital Partners, a leading alternative credit investment manager with approximately US$8 billion in assets under management, announced the opening of its office at Abu Dhabi Global Market (“ADGM”), the international financial centre of the... Read Story

In the midst of great turmoil around the world, SB360 Capital Partners (SB360) and Second Avenue Capital Partners (SACP) have chosen to direct their annual gift-giving efforts toward supporting civilians displaced by the conflict in the Middle East.... Read Story

Charvi Gupta, a Director at Getzler Henrich & Associates (), has been honored as one of the American Bankruptcy Institute’s (ABI) 40 Under 40 Emerging Leaders in Insolvency Practice for 2023. The recognition, which identifies and honors 40... Read Story

B. Riley Advisory Services, a leading provider of business advisory, appraisal and consulting services and subsidiary of B. Riley Financial announced the addition of Alistair Ross as a Senior Vice President, based in California.Ross is an experienced... Read Story

Star Mountain Capital, a private credit and secondaries specialist investment firm focused on generating premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”)... Read Story

Great Elm Capital, a business development company, amended its existing $25 million revolving line of credit. City National Bank is the lender according to an 8K filed with the Securities and Exchange Commission.The amendment provides for a... Read Story

JPMorgan Chase and Next Street released The Middle Matters: Exploring the Diverse Middle Market Landscape, a new report that provides insights into the midsize businesses that power our economy. Conducted and analyzed by Next Street, the research... Read Story

FGI Worldwide (“FGI”) announced that the UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”), has chosen FGI T.R.U.S.T. as its software platform for bad debt protection management and administration.FGI T.R.U.S.T. is a... Read Story

State Street Corporation issued an aggregate principal amount of $1 billion of senior debt and $0.5 billion of senior subordinated debt. The offering was structured in keeping with State Street’s ongoing inclusion, diversity, and equity efforts, with... Read Story

In celebration of the Thanksgiving season, Hilco Redevelopment Partners (HRP) completed its annual Turkey Drive initiative which aims to spread holiday spirit and gratitude in the communities surrounding HRP redevelopment projects. HRP redevelops... Read Story

The Global M&A Network has recognized Hank Waida in the 2023 Top 100 Restructuring Professionals. Celebrating its 10th anniversary, the annual list highlights influential professionals in the restructuring, distressed M&A, and turnaround... Read Story

Churchill Asset Management, an investment specialist of Nuveen, was named 2023 “Lender Firm of the Year” by The M&A Advisor. The firm was honored at the 22nd Annual M&A Advisor Awards Gala held in New York City on November 15, 2023.“We are thrilled... Read Story

Phoenix Management, a part of J.S. Held “Lending Climate in America” third quarter survey results reveals increased optimism in the economy despite some contradicting underlying factors.Phoenix’s Q3 2023 “Lending Climate in America” survey asked... Read Story

Cohn & Dussi announced that three attorneys at the firm were recognized by Super Lawyers for 2023. Two attorneys were named to the Super Lawyers List, Michael H. Theodore and Shawn M. Masterson. Only 5 percent of lawyers are named to the Super... Read Story

EisnerAmper announced that the partners and colleagues of NYC-based accounting, tax, and consulting firm Spielman Koenigsberg & Parker (“SKP”) are joining EisnerAmper in a transaction expected to close in early 2024.Founded in 1955, SKP has six... Read Story

Hilco Redevelopment Partners (HRP), has partnered with local youth sports organization Beyond the Ball to break ground on the renovation of existing basketball courts used to provide year-round youth sports programming in Chicago’s Little Village... Read Story

Hercules Capital announced that the U.S. Small Business Administration (“SBA”) has issued a “green light” letter inviting Hercules to submit an application to obtain a license to form and operate a fourth Small Business Investment Company (“SBIC”)... Read Story

Armstrong Teasdale announced that USFN, a national trade association representing America’s leading mortgage banking and servicing professionals, has named the firm among its 2023 Award of Excellence recipients.Award of Excellence recipients are USFN... Read Story

Kennedy Lewis Investment Management, a leading alternative credit manager, closed on $4.1 billion for Kennedy Lewis Capital Partners Master Fund III LP and its associated parallel and co-investment vehicles (together, "Fund III"). Investors in Fund... Read Story

Gridiron Capital announced that RidgeLake Partners has made a passive, minority investment in the firm. RidgeLake, a strategic partnership between OA Private Capital and Apogem Capital, is a dedicated platform focused on acquiring non-control equity... Read Story

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation announced plans to market for sale a second tranche of neighborhood pharmacy leases, pending approval by the U.S. Bankruptcy Court for the District of New Jersey... Read Story

Moritt Hock & Hamroff has been recognized in the 2024 edition of Best Law Firms®, ranked by Best Lawyers®, nationally in one practice area and regionally in four practice areas: National Tier 3Bankruptcy and Creditor Debtor Rights / Insolvency and... Read Story

KKR announced the final closing of KKR Global Impact Fund II (“GIF II” or the “Fund”), a $2.8 billion fund dedicated to investing in companies whose products and services contribute measurable progress toward the United Nations Sustainable... Read Story

Nations Capital (NCI), a Gordon Brothers company, together with Ritchie Bros. Auctioneers received bankruptcy court approval to be the agent and liquidator of Yellow Corporation's transportation assets.The companies will utilize the expansive... Read Story

Percent announced the findings of a recent study completed with Coalition Greenwich on trends and data in private credit, demonstrating a seismic shift to private credit market investments. The study, titled “Coalition Greenwich 2023 Private Credit... Read Story

Solifi, a global fintech software partner for secured finance, announced the latest product enhancements for Solifi ABL. The releases include several new features aimed at improving efficiency through automation, reporting, and customer... Read Story

Ares Management Corporation announced the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments. The Fund was... Read Story

According to a Bloomberg report, private credit firms seeking to capture market share from traditional bank lenders are giving up investor protections as they snag larger financings, according to Moody’s Investors Service.According to the report... Read Story

IMA Financial Group, a North American integrated financial services company specializing in risk management, retail and wholesale insurance brokerage, and wealth management, has entered a strategic partnership with Chicago-based RedRidge, expanding... Read Story

LongWater Opportunities, a lower middle market alternative asset manager, has launched a new dedicated private credit and capital solutions strategy focused on the lower-middle market. To drive the strategy, LongWater has hired a team of eight... Read Story

Solifi, a global fintech software partner for secured finance, received an accolade at the 9th annual Motor Finance Europe Awards in the Digital Innovation of the Year (Technology Company), Retail Solutions/Vehicle Management category. The Awards... Read Story

Cohn & Dussi, a full-service law firm with its principal office in Boston, has been named to the Great Places to Work list by The Secured Lender for the second year in a row. The Secured Lender is published by SFNet, an industry organization that... Read Story

SC&H Capital announced that its client, Quality Heating & Air Conditioning Company, has been acquired by Kelso Industries.      QHA is a manufacturer and installer of commercial sheet metal ductwork for construction and commercial customers across... Read Story

Hilco Redevelopment Partners (HRP), broke ground today on the first phase of vertical construction on The Bellwether District’s 1,300-acre South Philadelphia site. Governor Josh Shapiro, Congresswoman Mary Gay Scanlon, U.S. Solicitor of Labor Seema... Read Story

Hamilton Lane announced the final closing of Hamilton Lane National Small Business Credit Fund, L.P. and Hamilton Lane New York SBIC Fund II, L.P. (or "the Funds"). Together, the Funds total $290 million in size, with commitments from leading... Read Story

Mercatus Finance, a cash flow lending specialty finance company, announced its official launch. Strategically backed with equity from Arena Investors, Mercatus fills an important void for smaller companies seeking cash flow based loans from $20... Read Story

Main Street Capital Corporation announced the following recent activity in its private loan portfolio. During the third quarter of 2023, Main Street originated new or increased commitments in its private loan portfolio of $107.3 million and funded... Read Story

Goldman Sachs entered into an agreement to sell the GreenSky platform and associated loan assets to a consortium of institutional investors led by Sixth Street (the “Consortium”). The transaction is expected to close in the first quarter of 2024... Read Story

FTI Consulting announced the launch of FTI Delta, a global, industry-specialized strategy consulting practice that delivers tangible value to clients, from strategy definition to execution. FTI Delta will compete directly with traditional strategy... Read Story

Hilco Redevelopment Partners (HRP) announced the appointment of four national leaders to the company’s corporate advisory board: Dr. Judith Rodin, President Emerita of the University of Pennsylvania and former President of the Rockefeller Foundation;... Read Story

LSQ and Infor Nexus announced an agreement that provides their network of suppliers access early payments through an LSQ FastTrack® supply chain finance program.“The agreement opens up a world of opportunity for global suppliers to seize the... Read Story

Global consulting firm J.S. Held announced expanded corporate finance and investment banking expertise with the acquisition of Phoenix Management, providing operationally focused turnaround, transaction, strategic growth investor services, and... Read Story

Solifi announced The Secured Lender named Solifi on its 2023 Great Places to Work list. This recognition is testament to Solifi’s commitment to attract and retain talent by offering an employee value proposition that includes opportunities to learn... Read Story

Citizens M&A Advisory served as financial advisor to VTG, an industry-leading provider of modernization and digital transformation solutions to Defense and Intelligence customers, on its recapitalization by A&M Capital Partners.Tracing its roots to... Read Story

Versana has surpassed a key milestone of more than 1,500 syndicated loan facilities and approximately $900 billion in global loan commitments on its transformative, real-time digital data platform in less than a year since its product launch.The... Read Story

Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), part of Wolters Kluwer’s Corporate Performance and ESG (CP & ESG) division, will showcase the capabilities to meet Capital Requirements Regulation (CRR) III and Basel IV requirements at its... Read Story

ACME Credit Partners, a newly launched New York-based credit-focused investment firm, will provide creative liquidity solutions to the lower middle market.ACME Credit Partners is led by Peter Eschmann and Jay Rogers — both former Managing Directors... Read Story

Bloomberg reported private debt defaults will reach 5% by early 2024 as portfolios see an estimated one-third of deals come due in the next two-and-a-half years, according to a new report from Bank of America credit strategists Neha Khoda and Dong Ba... Read Story

Solifi, a global fintech software partner for secured finance, announced the latest product enhancements for its wholesale finance solution. The 2023 releases include several new features designed to provide North American customers with an enhanced... Read Story

The law firm of Moritt Hock & Hamroff has been recognized as one of Long Island Business News' Inaugural 2023 Empowering Women Honorees for its commitment to the growth and advancement of women, cultivation of diverse and inclusive communities and... Read Story

U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to the 2023 U.S. Bank CFO Insights Report... Read Story

Värde Partners, a leading global alternative investment firm, announced it has raised nearly $1.5 billion for asset-based lending opportunities through The Värde Asset Lending Fund II and related accounts and co-investments. The firm received support... Read Story

Confidence in the asset-based lending market in the second quarter was driven by hopes of a soft landing for the U.S. economy, according to data released by the Secured Finance Network. But lingering headwinds and recession risks still must be taken... Read Story

Moritt Hock & Hamroff announced that Terese Arenth, Leslie Berkoff, Ted Berkowitz, Michael Cardello,  James Chou, David Cohen, Robert Cohen, Theresa Driscoll, Andrew Eckstein, David Fitzhenry, Robert Fryman, Julia Gavrilov, Stephen Ginsberg, Henry... Read Story

Sherwood Partners announced the launch of Sherwood Advisory Services, a new advisory group that leverages the strength of Sherwood Partners’ platform to deliver tailored turnaround and restructuring solutions to middle market companies. Sherwood... Read Story

Andrew J. Kaye, a Founding Executive and Chief Commercial Officer of Sweet Leaf Madison Capital (SLMC), has been named an honoree in Green Market Report’s inaugural Notable Leaders in Cannabis designation for 2023. Honorees were selected by a panel... Read Story

nFusion Capital announced they have sold their transportation factoring portfolio to a leading provider of factoring services for motor carriers and owner-operators. This strategic decision will enable the Company to focus on growing their core... Read Story

Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank, expanded its line of flexible working capital solutions for small to medium-sized businesses (SMBs) with the addition of Purchase Order (PO) Financing as an add-on to the lender’s popular... Read Story

Breakout Capital, a leading fintech company simplifying access to term loans for small businesses,  announced the successful merger of 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and... Read Story

Visa released its first-ever 2023-2024 Growth Corporates Working Capital Index (WCI). The study surveyed CFOs and treasurers of growth corporates, organizations that have unique needs and capabilities but often fall through the cracks between small... Read Story

Tiger Group announced the first four members of its newly launched Board of Advisors. The board members, who provide advice and counsel but are not involved in Tiger’s day-to-day operations, held their inaugural meeting on August 29. They are Elaine... Read Story

Great Rock Capital announced the successful closing of an investment-grade corporate note financing. The funds from the transaction will be used to support the ongoing growth and success of the firm. The notes were assigned a BBB rating by a... Read Story

Gordon Brothers acquired Durkin Group, a professional services firm that provides field examinations and diligence services to lenders, investors and operators in North America. The investment enhances Gordon Brothers’ suite of service offerings to... Read Story

H.I.G. Capital announced the closing of H.I.G. Middle Market LBO Fund IV (the “Fund”). The Fund closed with aggregate capital commitments of $5.5 billion, in addition to co-investment separately managed accounts of $450 million, significantly... Read Story

Solifi was named among the top 100 on the 2023 IDC FinTech Rankings. The 20th annual vendor ranking recognizes the world’s top 100 leading hardware, software, and service providers to the financial services industry. “We are honored to once again be... Read Story

Lendscape and Lenvi Riskfactor have teamed up to offer enhanced digital risk management for finance providers across their entire lending operation.  Combining Lendscape’s market-leading lending technology with Lenvi Riskfactor’s advanced, real-time... Read Story

Solifi, a global fintech software partner for secured finance, announced that Access Capital, a privately owned asset-based lending firm based in New York City, NY, has upgraded from its on-premise system to Solifi ABL on Open Finance Platform. In... Read Story

FGI Worldwide announced that Ronnie Bloom, Managing Director, will expand his business development efforts to the Western U.S. Mr. Bloom will remain involved in Canadian transactions as he develops and nurtures partnerships in California, the Pacific... Read Story

Houlihan Lokey launched a new practice within the firm’s Financial and Valuation Advisory (FVA) business to provide clients with strategic counsel on sustainability and environmental, social, and governance (ESG) issues and to assist boards of... Read Story

With concerns about inflation and a potential recession ticking down, business executives have grown guardedly less pessimistic about the U.S. economy's prospects, according to the third-quarter AICPA & CIMA Economic Outlook Survey. The survey polls... Read Story

AmRock Financial announced the launch of its newly redesigned website, offering a seamless, user-friendly intuitive design experience, quick and easy access to essential information and a comprehensive understanding of the company’s products and... Read Story

ABL Advisor's offices will be closed on Monday, Sept. 4 in observance of Labor Day. We will return with our Daily eNewsletter on Tuesday, Sept. 5.We wish all of our readers a safe and happy holiday! Read Story

B. Riley Financial led the equity financing to facilitate the $2.8 billion management-led acquisition of Franchise Group, Inc. (“FRG”) which was completed on August 21, 2023.B. Riley invested $216.5 million of new capital in the transaction. Other... Read Story

Deloitte Private released the findings of a survey, “Private Company Outlook: Raising Capital,” asking C-level private business leaders in the U.S. about their near term strategies for navigating financial risks and opportunities.Key... Read Story

Best Lawyers in America has recognized 11 Moritt Hock & Hamroff lawyers in its 2024 edition. Four lawyers were included in The Best Lawyers in America and seven lawyers were included in The Best Lawyers: Ones to Watch in America.Best Lawyers in... Read Story

eCapital Corp. achieved the 1383rd position on the esteemed 2023 Inc. 5000 list, highlighting an impressive growth rate of 422%. The Inc. 5000 list, renowned for offering a comprehensive data-driven perspective on the achievements of companies... Read Story

Solifi announced that Merchant West Group, a leading privately-owned South African financial institution, has successfully upgraded to Solifi ABL on the Open Finance Platform.Merchant West Group were previously operating on a legacy system that was... Read Story

Haversine Funding II LLC, one of the lender finance portfolios held by Haversine Management LLC, announced the closing of a $45,000,000 line of credit with First Horizon Bank on July 19, 2023. The new credit facility marks a new chapter in... Read Story

Bain Capital Credit announced that the firm’s Private Credit Group invested $1.3 billion to support the growth of middle market and private equity-backed companies during the first half of 2023.Bain Capital Credit’s Private Credit Group invested in... Read Story

Clifford Chance advised U.S. headquartered private equity firm MiddleGround Capital on its purchase of the UK based automotive transmissions manufacturer and supplier Xtrac from Inflexion. MiddleGround Capital is an operationally focused private... Read Story

Gordon Brothers and Nations Capital Inc. (NCI) have joined forces to expand the firms’ commercial and industrial market presence and serve a broader range of clients with holistic solutions.Gordon Brothers’ majority investment in NCI will bolster... Read Story

After nearly two years of resolving contentious disputes between the founding partners as well as other stakeholders in an Issaquah, Washington brewpub, restructuring specialist Revitalization Partners (RP) has sold the company to a group of... Read Story

A new survey from Grant Thornton revealed that chief financial officers (CFOs) are heavily focused on two areas that could lead to revenue gains: building and preserving a workforce that can help drive them toward growth; and investing in technology... Read Story

Crescent Capital Group, a leading alternative credit investment firm, announced the closing of Atlas Senior Loan Fund XXI (“Atlas 21”), a collateralized loan obligation (“CLO”) fund with a target par amount of $350 million. Atlas 21 will invest... Read Story

Hilco Real Estate Finance (HREF), an institutionally backed real estate bridge lender, is bringing flexible, fast, short-term property finance expertise to the marketplace. The group is led by industry experts and co-founders Brad Altberger, Chief... Read Story

Garrington Group of Companies announced the formation of Baker Garrington, a new wholly owned subsidiary created to expand its ability to respond to working capital challenges facing underserved small- to medium-sized businesses with practical and... Read Story

Jefferies Credit Partners, a leading private credit manager and the asset management arm of Jefferies Finance, announced the intention to launch a private placement of a business development company (“BDC”) to further enhance its lending capacity in... Read Story

Bloomberg reported Apollo Global Management is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.According to the... Read Story

Angelo Gordon announced the final close of the AG Asset Based Credit Fund, L.P. (the “Fund”) with over $1 billion of equity commitments, exceeding its $800 million target. The Fund received significant support from existing Angelo Gordon clients, as... Read Story

Nassau Financial Group announced the formation of Nassau Global Credit (“NGC”), which combines Angel Island Capital Management (“AIC”) and Nassau Corporate Credit (“NCC”). NGC will be a subsidiary of Nassau’s asset management segment, Nassau Asset... Read Story

Solifi announced Ivan Bagaliyski, Director, Go-To-Market Strategy at Solifi, received the highly commended mention in the Rising Star category at the AFC Summer Awards 2023.The Rising Star award celebrates an individual who has demonstrated their... Read Story

Argonne Capital Group completed two recapitalizations and added to its executive ranks as the firm institutionalizes and seeks to propel future growth.Argonne Capital Group completed a recapitalization of National Fitness Partners (“NFP”), an Argonne... Read Story

Bowmark Capital, the mid-market private equity firm, has made a significant investment in Lendscape, a leading technology provider to the global secured commercial finance market. Bowmark will support Lendscape’s continuing investment in innovative... Read Story

Marathon Asset Management announced the final close for Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending (“ABL”) fund. The Fund, which was oversubscribed, accepted $1.7 billion of capital... Read Story

Houlihan Lokey has agreed to acquire 7 Mile Advisors (7MA), an independent advisory firm that provides a range of investment banking services to clients across the IT services sector. The transaction, signed July 7, further enhances Houlihan Lokey’s... Read Story

Global security leader Forcepoint signed a definitive agreement to sell the Company’s Global Governments and Critical Infrastructure (G2CI) business to TPG, a global alternative asset management firm. The transaction will separate Forcepoint’s... Read Story

B. Riley Securities, a subsidiary of B. Riley Financial will host its 2023 Consumer Conference in New York on Thursday September 14. The conference highlights companies from a range of consumer verticals to share their stories with leading... Read Story

Golub Capital announced that the Golub Capital Private Credit Fund (GCRED), a non-traded business development company, broke escrow with approximately $650 million in net proceeds on June 30, 2023. Golub Capital, founded in 1994, is a leading lender... Read Story

Man Group plc entered into an agreement to acquire a controlling interest in Varagon Capital Partners, L.P., a leading U.S. middle market private credit manager with $11.8B of assets under management (‘AUM’) and $15.4B of total client... Read Story

Bain Capital Credit announced that the firm’s Private Credit Group acted as sole lender and administrative agent for a senior credit facility to support Audax Private Equity’s strategic investment in Congress Wealth Management, an independent... Read Story

CVC Credit, the $41 billion global credit management business of CVC, announced the final close of CVC CLO Equity III at its hard cap with $800 million of commitments. Across its period of deployment, this equity fund is intended to support over $10... Read Story

ABL Advisor's offices will be closed on Tuesday, July 4 in observance of Independence Day. We will return with our Daily eNews on Wednesday, July 5. We wish all of our readers a safe and happy holiday! Read Story

Medalist Partners, an alternative investment management firm focused on private credit and structured credit, is pleased to announce the final closing of Medalist Partners Asset-Based Private Credit Fund III. The oversubscribed fund is closing with... Read Story

Moritt Hock & Hamroff announced that Leslie Berkoff and Theresa Driscoll, partners of the firm, have been recognized by Lawdragon as 500 Leading U.S. Bankruptcy & Restructuring Lawyers for 2023.  The annual Lawdragon 500 Leading Lawyers in America is... Read Story

Oaktree Capital Management closed its Life Sciences Lending Fund and its related vehicles (“the Fund”), with total capital commitments in excess of $2.3 billion. The Fund, which is Oaktree’s first dedicated life sciences fund, was oversubscribed and... Read Story

Victory Park Capital (“VPC”), announced the launch of Triumph Capital Markets (“Triumph”), an affiliate of VPC focused on structured financing and capital markets solutions.Triumph will be led by experienced asset-backed securitization and capital... Read Story

Ninepoint Partners has expanded its partnership with Monroe Capital.Monroe will be enhancing its institutional offerings in the Canadian market through the expanded partnership with Ninepoint Institutional Partners LP, a division of Ninepoint... Read Story

New data suggests a pattern of credit expansion and a significant shift in credit usage, indicating potential challenges for businesses according to the Equifax Canada Market Pulse Business Credit Trends Report for Q1 2023. Additionally, it... Read Story

Cohn & Dussi announced that Attorney William J. Delaney was recognized by Super Lawyers for 2023. Delaney, Counsel at Cohn & Dussi, has been named to the Super Lawyers list for Bankruptcy every year since 2008. Only 5 percent of lawyers are named... Read Story

ABL Advisor's offices will be closed on Monday, June 19th in observance of Juneteenth Day. We will return with our Daily News on Tuesday, June 20th.We wish all of our readers a safe and happy holiday! Read Story

Traditional bank lenders are applying more pressure to borrowers and now showing less tolerance when mid-sized companies in the U.S. miss financial targets, according to a new survey of business executives and lenders sponsored by Carl Marks Advisors... Read Story

John Hancock Investment Management, a company of Manulife Investment Management, expanded availability for its alternative investment product offering. Having launched its first alternative allocation fund in 2009, the firm continues to see increased... Read Story

HPS Investment Partners closed its second Core Senior Lending Fund ("CSL II") and parallel investment funds and accounts, with approximately $10 billion in investable capital. This includes $7.3 billion in equity commitments.CSL II will focus on... Read Story

SQN Banking Systems reported that long-term President Joe Uhland has announced his retirement effective June 30, 2023.Chief Technology Officer Stan Jaslar will replace Uhland as SQN president and CEO.Uhland has led SQN Banking Systems since 1996, and... Read Story

A&G Real Estate Partners is entertaining offers on 49 David’s Bridal leases across the United States—transactions that must be presented for bankruptcy court approval by June 30. “Interested retailers and landlords need to act now to seize these... Read Story

Horizon Technology Finance announced that Horizon Secured Loan Fund I LLC, Horizon's wholly-owned subsidiary ("HSLF"), has amended its senior secured debt facility with a large U.S. based insurance company. Under the amended agreement, the commitment... Read Story

Ninepoint Partners, one of Canada’s leading alternative investment management firms, released a new white paper that analyzes the factors they believe are setting the stage for the continued growth of the private debt asset class across the globe.... Read Story

Paul Hastings is advising Morgan Stanley on its $1.55 billion of committed bridge financing for RenaissanceRe’s Holdings Ltd. acquisition of American International Group's treaty reinsurance business, which includes Validus Reinsurance Ltd. and its... Read Story

BroadLight Capital launched a $225 million debut fund to invest in growth stage companies across consumer and technology sectors.Co-founded by prominent entertainment attorney, Kevin Yorn, renowned talent manager, Rick Yorn, and seasoned investment... Read Story

EisnerAmper announced that the partners and colleagues of Chicago-based accounting and advisory firm Morrison & Morrison are joining EisnerAmper in a transaction expected to close in the summer of 2023.Founded more than 75 years ago, Morrison &... Read Story

EisnerAmper announced its new, state-of-the-art website. The site promises to be a go-to informational resource for clients, colleagues and the public-at-large who rely on timely, comprehensive content to help run their businesses.Using advanced... Read Story

Legacy Corporate Lending (“Legacy”) a new asset-based lending (ABL) company, announced its launch as an independent lender focused on serving the needs of middle market companies across North America. Legacy is launching with a significant equity... Read Story

US Capital Global launched a newly formed Mergers and Acquisitions (M&A) division, headed by investment banking veterans Jeffrey Sweeney (Chairman and CEO), Charles Towle (COO and Managing Partner), Mitchell R. Cohen (Senior Vice President and... Read Story

LexisNexis® Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders, SMB lending fraud has increased significantly during the past 12 months, with many smaller banks, credit unions and... Read Story

Securitize, a firm digitizing the issuance, management, and trading of real-world assets, launched a new feeder fund offering tokenized exposure to an evergreen private credit fund from leading private markets investment firm, Hamilton Lane... Read Story

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc., has signed a definitive agreement to acquire a majority interest in Deerpath Capital Management, LP and its associated affiliates. Deerpath Capital is a U.S.... Read Story

Ryan Gross, a Director at Getzler Henrich & Associates, received the 2022 NextGen Award by the Turnaround Management Association- Detroit Chapter at their inaugural Awards Ceremony.  The NextGen Award recognizes  emerging  restructuring leaders  who... Read Story

Kian Capital Partners, a lower-middle-market focused private investment firm, closed the firm’s latest fund, Kian Growth Partners III, L.P. (“KGP III” or “the Fund”), which was oversubscribed at $400 million.Kian’s existing limited partners (“LPs”)... Read Story

Moritt Hock & Hamroff opened a new office in the Fort Lauderdale, FL metro area serving the Southeast Florida market. The office will be supported by four attorneys from the Florida-based law firm of Ritter & Chusid including one of its founders... Read Story

Jefferies Financial Group and Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking Corporation, SMBC Nikko Securities Inc., and SMBC Nikko Securities America Inc. (collectively, “SMBC Group”) have expanded their strategic alliance to collaborate... Read Story

CVC Credit announced that it has priced Apidos XLV (45), a new issue Collateralized Loan Obligation (“CLO”) vehicle totalling $500 million (c.€450 million). Bank of America served as lead arranger. Apidos XLV is the fifth CLO priced by CVC Credit’s... Read Story

The private capital market is alive and well, according to a new report from Proskauer. The leading international law firm released the findings of its annual Private Credit Survey which asked more than 150 executives at private credit firms across... Read Story

Ares Management Corporation announced the launch of Ares Strategic Income Fund (“ASIF”), a perpetual capital, continuously offered, non-traded business development company, which seeks to primarily invest in directly originated, senior secured... Read Story

J.P. Morgan Growth Equity Partners (GEP) closed its inaugural Growth Equity Fund ("Fund"), with over $1 billion in aggregate capital commitments raised from a broad set of institutions, family offices and individual investors across the Americas... Read Story

EisnerAmper announced that the directors and colleagues of Louisiana-based accounting, assurance, tax, consulting and technology firm Postlethwaite & Netterville (“P&N”) will be joining EisnerAmper in a transaction anticipated to close by the summer... Read Story

Hilco Global made a $50,000 donation to SUNRISE DAY CAMP-CHICAGO, a new day camp for kids with cancer which will open this June in Lake Zurich, Illinois.  Sunrise Day Camp-Chicago will provide a full-summer day camp experience specifically designed... Read Story

Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank, announced an expanded line of flexible working capital solutions for small to medium-sized businesses, increased customer base, and new website with helpful resources for business owners.... Read Story

SG Credit Partners announced the re-branding of Stonegate Capital, which it acquired in late 2021, to SG Consumer Products. SG Consumer Products provides asset-based lines of credit plus IP/brand and M&E term loans primarily to sponsor-backed... Read Story

Wingspire Capital completed five transactions with cumulative commitments of more than $230 million in the first quarter of 2023.The types and sizes of the transactions were diverse, as were the borrowers — ranging from a major cosmetics brand to a... Read Story

Intrinsic, a national valuation and transaction advisory firm based in Denver, Colorado launched a separate Fixed Asset Valuation practice. Intrinsic has historically served its clients with fixed asset valuation needs through its network of... Read Story

FTI Consulting released the findings of its 2023 U.S. Loan Market Survey, which offers insight into bank and non-bank lenders’ perspectives on the U.S. loan industry and highlights expectations for leveraged credit market conditions in 2023.This... Read Story

The fourth quarter Phoenix Management “Lending Climate in America” survey results reveals the imminent threat of a slow-down in consumer spending.With extra tax credits and pandemic-related stimulus payments halted, the IRS has warned Americans to... Read Story

Golub Capital BDC originated $157.4 million in new middle-market investment commitments during the three months ended March 31, 2023. Approximately 98% of the new middle-market investment commitments were one stop loans and 2% were equity and other... Read Story

Gordon Brothers will sell retail leases and operate going-out-of-business sales at all 39 retail store locations of Esco Ltd., operating as Shoe City, throughout Maryland, Virginia and Washington, D.C. After 70 years in business, Shoe City filed for... Read Story

B. Riley Financial earned top honors during The M&A Advisor 17th Annual Turnaround Awards Gala held on March 22, 2023 at The Colony Hotel in Palm Beach, Florida.B. Riley was awarded in the following categories in recognition for its leadership in... Read Story

Sound Point Capital Management, a credit-oriented investment manager overseeing approximately $32 billion in total assets, entered into an agreement to acquire Assured Investment Management LLC and certain of its related asset management entities... Read Story

Hancock Whitney has established a new companywide asset-based lending (ABL) division primarily serving 12 states across the southern United States. Mike Knuckles, an asset-based lending executive with decades of industry experience, will lead the... Read Story

Mitsubishi HC Capital America – and its subsidiary, Mitsubishi HC Capital Canada – along with Mitsubishi HC Capital (U.S.A.) and ENGS Commercial Finance has merged to create the largest non-bank, non-captive finance provider throughout North America... Read Story

The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. Lenders will collect and report... Read Story

Solifi announced Merchant West Group, a leading privately owned South African financial institution, will upgrade from an on-premise system to Solifi ABL on the Open Finance Platform.The upgrade is instrumental in the delivery of Merchant West... Read Story

Versana announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market.... Read Story

Hilco Digital Assets, a Hilco Global company and leader in the acquisition and monetization of premium digital assets, has made a substantial strategic investment in Squadhelp.com, a disruptive naming platform that combines AI, Crowdsourcing, and... Read Story

Carl Marks Advisors announced that Scott Webb, Partner, has been awarded Investment Banker of the Year at the 17th Annual Turnaround Awards, hosted by The M&A Advisor. The award was presented on Wednesday, March 22, following the 2023 Distressed... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to General Die Casters, Inc. on its combination with Dart Casting, Inc.Headquartered in Twinsburg, OH, General Die Casters is a leading, value-added provider of complex, close tolerance... Read Story

Monroe Capital was selected as the 2022 Best Performance in Private Debt - Mid-Cap Award recipient by Korean Economic Daily. Best Asset Managers by Korean Investors Awards Program was created in 2020 by The Korea Economic Daily Global Edition, one of... Read Story

Ares Management Corporation and Mubadala Investment Company, a global sovereign investor, formed a joint venture to invest in global credit secondaries opportunities.The joint venture, anchored by Mubadala, will initially aim to deploy approximately... Read Story

In a poll conducted by The Secured Finance Network (SFNet), since new CA disclosure rules were implemented in December 2022, 40% of respondents were found to be “no longer lending” to prospective borrowers who fall within the regulations’ threshold... Read Story

White Oak Global Advisors announced that the firm, together with its financing affiliates, originated $1.4 billion of loan transactions across 60 deals in 2022.“2022 was an exceptional year for White Oak,” said Andre Hakkak, Co-Founder & CEO. “The... Read Story

In its commitment to support the communities where it operates, Mitsubishi HC Capital Canada has completed its inaugural United Way campaign. Several local organizations will benefit from the company’s donations. These include Anna et la Mer, the... Read Story

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. announced it originated $15.1 billion in private placement debt and private structured credit across 245 transactions in 2022. This included $4.1... Read Story

Deerpath Capital Management announced the closing of its Deerpath CLO 2023-1 ("the Fund"), a $504 million Collateralized Loan Obligation (CLO).Deerpath CLO 2023-1 represents the seventh CLO issued by Deerpath since 2018 and its largest CLO issuance... Read Story

Crescent Capital BDC announced the closing of the previously announced merger with First Eagle Alternative Capital BDC. The combined company, which will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group... Read Story

Marathon Asset Management announced the closing of Bryant Park Funding 2023-19 Ltd., a $400 million new issue Collateralized Loan Obligation (“CLO”). This is the first new CLO executed by Marathon’s global Performing Credit platform in 2023, as well... Read Story

On International Women’s Day, SFNet president and former CEO of Gerber Finance and eCapital ABL, Jennifer Palmer, announced the formation of JPalmer Collective. The asset-based lending firm will provide customized financing solutions with white-glove... Read Story

United Furniture Industries ("UFI") has engaged a joint venture of SB360 Capital Partners ("SB360") and Hilco Global ("Hilco") (SB360 and Hilco together are hereinafter referred to as the "JV") as exclusive agents for the disposition of Inventory... Read Story

Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Originations for equipment and automotive finance lenders in North America. The newest features enable a multitude of automated... Read Story

Monroe Capital announced continued strong investment activity for 2022. The firm closed approximately $6 billion in new financing commitments across 115 separate transactions. Monroe’s assets under management increased by 29% to approximately $16... Read Story

The Maurice A. Deane School of Law at Hofstra University has named Juliana Gonzalez as the recipient of the 2022-2023 Moritt Hock & Hamroff Business Law Honors Fellowship and Estelle Gregory as the recipient of the 2022-2023 Marc Hamroff Annual... Read Story

Monroe Capital was selected as the recipient of two separate Private Debt Investor (“PDI”) awards, including the 2022 Lower Mid-Market Lender of the Year and CLO Manager of the Year in the Americas.  PDI is published by PEI, the only global B2B... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to Apogee IT Services, backed by Brook Venture Partners, on the sale of its U.S. assets to Magna5. Magna5 is a national provider of managed IT, cybersecurity and cloud-based services and... Read Story

Spouting Rock Asset Management announced an ownership stake in Altan Asset Management LLC (Altan), an investment management firm that aims to drive outsized returns by diligently seeking overlooked opportunities in the global equity markets.Led by... Read Story

Wolters Kluwer announced that it intends to bring together four of its global enterprise software businesses to form a new division, Corporate Performance & ESG. This is to meet the growing demand from corporations and banks for integrated financial... Read Story

Solifi announced the addition of a leading German transport equipment manufacturer to its European asset finance customer portfolio. Under the new pan-European agreement, Solifi will implement its end-to-end Originations and Portfolio Management... Read Story

Stonebriar Commercial Finance (“Stonebriar”) continued to serve its valued customer base, originating $2.3 billion of new business volume for 2022, a 53% increase over 2021, while increasing ending receivables and serviced assets to over $5.6 billion... Read Story

Bain Capital Credit, a leading global credit specialist, announced the launch of Bain Capital Private Credit (“BCPC” or the “Fund”), a perpetual life, non-traded business development company. The Fund will offer access to income-producing investments... Read Story

AlixPartners entered into an agreement to acquire leading independent restructuring practice THM Partners LLP (THM). The proposed transaction will see THM’s 40 Partners and staff located in the UK, Germany, and Singapore joining AlixPartners’... Read Story

B. Riley Advisory Services expanded the firm’s appraisal and valuation services with the addition of a dedicated field examination practice. This experienced team specializes in developing company-specific field examination procedures in... Read Story

Global M&A Network presented the 14th Annual Americas M&A Atlas Awards at a gala held this year in New York City on January 19. Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market... Read Story

FTI Consulting announced the publication of Navigating Today’s Environment | The Directors’ and Officers’ Guide to Restructuring (Second Edition), which examines key topics and challenges facing directors and officers leading distressed enterprises... Read Story

EisnerAmper signed a multi-year sponsorship agreement with LPGA golf star Paula Creamer to become a brand ambassador. As part of this agreement, EisnerAmper’s logo will be featured on Creamer’s golf shirts during all her golf-related appearances... Read Story

Nuveen, the $1.1 trillion investment manager of TIAA, and Churchill Asset Management, an investment-specialist affiliate of Nuveen, announced that Nuveen Churchill Private Capital Income Fund (PCAP) will offer qualified individual investors1 access... Read Story

Wingspire Capital provided $700+ million in senior secured financing commitments in 2022, bringing its total to $3 billion in its third year of operations. “We are pleased to reach this commitment milestone in our third year of operations as we... Read Story

Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve both the lender and borrower... Read Story

Rosenthal & Rosenthal announced the launch of a new recourse factoring program designed to meet the unique financing needs of growing service businesses and light manufacturing or assembly businesses. An alternative to bank financing, Rosenthal’s... Read Story

In response to increasing demand for top-tier data security by large asset-based lenders, Asset Compliant Solutions (ACS) announced that the company has secured SOC-2 Certification from the American Institute of Certified Public Accountants (AICPA).... Read Story

Diamond Scaffold Services, a scaffolding rental company with locations in the southern United States, has retained SC&H Capital to run the bankruptcy court-approved sale process for the Company. Founded over 20 years ago, DSS is a provider of... Read Story

Citizens M&A Advisory served as the financial advisor to Eagle Merchant Partners on its acquisition of Eskola Roofing & Waterproofing, a leading provider of commercial roofing and waterproofing services.Eagle Merchant Partners is an Atlanta-based... Read Story

Dekel Capital has launched Dekel Correspondent Lending (DCL), which on behalf of capital providers including a global asset manager and large European bank, will  originate balance sheet and CMBS loans for the acquisition, refinancing and... Read Story

SLR Capital Partners closed on $2.2 billion of equity commitments within SLR's direct cash flow lending and specialty finance strategies ("Multi-strategy Private Credit") during the second half of 2022. Inclusive of anticipated leverage, the... Read Story

eCapital Corp. issued $95 million in lines of credit during the fourth quarter of 2022 through its eCapital ABL North America division. With this working capital, the companies – which include CPG products in the home and lawn categories – plan to... Read Story

Main Street Alliance (MSA), a non-profit organization that works with small businesses across the country to create an equitable economy, announced it has partnered with Biz2Credit, a leading online financing resource, to provide working capital and... Read Story

The fourth quarter Phoenix Management “Lending Climate in America” survey results reveal that inflation continues to plague the economy and is expected to do so well into 2023..Phoenix’s Q4 2022 “Lending Climate in America” survey asked lenders how... Read Story

Finance ERC, a new financial services industry provider, announced its innovative solution for businesses affected by the COVID-19 pandemic and economic shutdown.The brainchild of two alternative financing industry pioneers, David Goldin & Jeffrey... Read Story

Turnarounds & Workouts has again recognized Getzler Henrich & Associates with the prestigious honor of being selected as one of the top U.S. Outstanding Turnaround Firms.Getzler Henrich, founded in 1968, is one of the nation's oldest and most... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to The Acacia Group, an independent sponsor specializing in digital transformation, on its acquisition of Isos Technology, an award-winning Atlassian Platinum and Enterprise Solution... Read Story

In honor of Martin Luther King, Jr. Day, ABL Advisor will be closed Monday, January 16th. We will return with our Daily eNews on Tuesday, January 17th. Read Story

Cresset Partners has launched the Cresset Partners Private Credit Fund, LLC (the "Fund"). The Fund invests in a diversified portfolio of private senior secured loans, among other private credit opportunities, with the objective of delivering... Read Story

Golub Capital BDC originated $247.0 million in new middle-market investment commitments during the three months ended December 31, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 3% were senior secured... Read Story

Solifi, a global fintech software partner for secured finance, announced its newest technology partnership with Codat to make it easier for asset-based lending (ABL) firms to make smarter, faster, and actionable credit decisions. Using pre-built APIs... Read Story

LSQ, a leading provider of working capital finance and payments solutions, and Calculum, an industry leader in financial artificial intelligence (AI) and data-analytics services, announced an agreement to collaborate and combine LSQ working capital... Read Story

Cohn & Dussi, a full-service law firm with its principal office in Boston, MA, announced four attorneys from the firm were named Top Lawyers by Boston magazine.Boston magazine’s Top Lawyers List recognizes lawyers throughout Greater Boston for... Read Story

Editor's note: This news story was published in error on December 27, 2022 and has been retracted. We apologize for the error.  Read Story

ABL Advisor will be closed Friday, December 30th through Monday, January 2nd for the New Year’s holiday. We will return with our Daily eNews Blast on Tuesday, January 3rd.We wish all of our readers, advertisers and colleagues a safe holiday and a... Read Story

National Funding announced that the San Diego Business Journal recognized CEO and Founder David Gilbert in the finance section of its annual edition of the SD 500 - The Most Influential People in San Diego.The Business Journal taps into its veteran... Read Story

Stifel Financial Corp. signed a definitive agreement to acquire Torreya Partners LLC (“Torreya”), a leading independent M&A and private capital advisory firm serving the global life sciences industry. Terms of the transaction were not... Read Story

Cohn & Dussi LLC announced three attorneys at the firm were recognized by Super Lawyers for 2022. William J. Delaney, Counsel at Cohn & Dussi, has been named to the Super Lawyers list for Bankruptcy every year since 2008. Only 5 percent of lawyers... Read Story

Main Street Capital Corporation announced the closing of a private notes offering totaling $100.0 million in aggregate principal amount (the "Notes"). The Notes are unsecured and bear interest at a fixed rate of 7.84% per year, payable semiannually... Read Story

ABL Advisor will be closed Friday, December 23rd through Monday, December 26th for the Christmas holiday. We will return with our Daily eNews on Tuesday, December 27th.We wish all of our readers, advertisers and partners a very safe and happy holiday... Read Story

The third quarter saw continued confidence in the asset-based lending market, according to data released by the Secured Finance Network, and that was welcome news as the country wrestles with inflation, rising interest rates and a slowed... Read Story

Configure Partners acted as exclusive financing advisor to Hidden Harbor Capital Partners (HHCP) in securing committed debt capital to support HHCP’s acquisition of Avtron Power Solutions (Avtron), the global market leader in the design and... Read Story

B. Riley Financial, one of the largest creditors of Core Scientific, Inc, issued an open letter to Core Scientific shareholders and lenders.In light of Core Scientific's strategic alternatives process with respect to its capital structure, B. Riley... Read Story

CIBC Asset Management is expanding its strategic relationship with Ares Management Corporation to add  strategies that invest in global private credit markets.  Ares is currently the sub-advisor to the Renaissance Floating Rate Income Fund.... Read Story

Gordon Brothers has transformed and sold the global ORSAY brand, archives, and related trademarks and other intellectual property to a private investor from the Czech Republic operating under Orsay International. The private investor will continue to... Read Story

Vida Capital, a portfolio company of RedBird Capital Partners and Reverence Capital Partners, announced a corporate rebranding, which includes the changing of its name to Obra Capital, Inc. (the “Company” or “Obra”), as part of the Company’s ongoing... Read Story

KKR announced the release of Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA) and Racim Allouani, Head of Portfolio... Read Story

William Blair has continued its investment banking growth in Europe with the opening of an office in Madrid and the addition of investment banking capabilities to the firm’s office in Zurich.“William Blair’s investment banking momentum in Europe... Read Story

Tidal Financial Group, a leading ETF investment and technology platform, announced the listing of the Senior Secured Credit Opportunities ETF, an actively managed secured credit fund managed by Gateway Credit Partners. The fund seeks to generate... Read Story

Kroll announced the acquisition of Appraisal & Valuation Consultants LTD (AVC), an independent firm that specializes in the valuation of oil, gas, petrochemical, chemical, power, mining, metals processing and offshore facilities for insurance and... Read Story

Armstrong Teasdale announces that USFN, a national trade association representing America’s leading mortgage banking attorneys, has named the firm among its 2022 Award of Excellence recipients.Award of Excellence recipients are USFN members in good... Read Story

The M&A Advisor announced the winners of the 21st Annual M&A Advisor Awards on Tuesday November 16, 2022. The Awards Gala is the premier celebration of the year for the industry's leading M&A Dealmakers attracting the industry's leading M&A... Read Story

Capstone Partners was named "Middle Market Investment Banking Firm of the Year" by The M&A Advisor at their 21st Annual M&A Awards in New York, NY on November 15, 2022. This marks Capstone's third esteemed 'Investment Bank of the Year' award earned... Read Story

Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support Odyssey Investment Partners’ acquisition of Magna Legal Services.Headquartered in Philadelphia, Magna provides... Read Story

Phoenix American (“Phoenix”) announced its new client partnership with real estate investment fund sponsor Ashford Inc. Phoenix will fulfill the agent and back-office operational needs of Ashford with its industry-leading investor services platform... Read Story

Fordham University director of athletics Ed Kull announced a partnership with Moritt Hock & Hamroff LLP to advise the Rams with Name, Image, and likeness (NIL) matters for their student-athletes. "We are thrilled to be working with Dan Lust and... Read Story

ABL Advisor's offices will be closed on Thursday, November 24 and Friday, November 25 in observance of Thanksgiving. We will return with our Daily eNews Blast on Monday, November 28.We wish all of our readers a safe and happy Thanksgiving holiday! Read Story

Portage Point Partners announced the launch of a Transaction Advisory Services (TAS) practice. The TAS practice will be led by industry veterans Travis Pittman and Sandy Ryan who will be responsible for the growth and development of the new practice... Read Story

Great Elm Capital Corp. (GECC), a business development company, today announced that it has launched Great Elm Healthcare Finance, LLC (“GEHF”) with an affiliate of Berkadia Commercial Mortgage, LLC (“Berkadia”) as its strategic minority partner. Led... Read Story

Cohn & Dussi has been named to the inaugural Great Places to Work list by The Secured Lender.The Secured Lender is published by SFNet, an industry organization that serves as a key resource for professionals in the secured finance industry. The... Read Story

Solifi announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve the lender and borrower experience through self-service functionality, gain insights... Read Story

Solifi, a global fintech software partner for secured finance, announced its Solifi Asset-Based Lending (ABL) software-as-a-service (SaaS) solution on its open finance platform now supports more than $1B in loans outstanding for lenders globally.... Read Story

Castlelake announced that it completed the final closing of Castlelake Income Opportunities II, L.P. (“CIO II” or the “Fund”), with approximately $782 million in capital commitments. CIO II, an asset-based private credit product, is the successor to... Read Story

Moritt Hock & Hamroff has received national recognition in the 2023 "Best Law Firms," rankings by U.S. News & World Report and Best Lawyers.The firm has been ranked as a Tier 1 in the 2023 U.S. News & World Report - Best Lawyers "Best Law Firms" list... Read Story

EisnerAmper announced that the partners and colleagues of La Jolla, California-based accounting and advisory firm Lindsay & Brownell CPAs & Advisors (“LB Advisors”) are to join EisnerAmper in a transaction expected to close in December of 2022.... Read Story

eCapital Corp. (“eCapital”), a leading finance provider for businesses across North America and the U.K., was named to Inc. Business Media’s inaugural Power Partner Awards. The program honors B2B organizations across the globe that have proven track... Read Story

Monroe Capital closed a $502.5 million term debt securitization known as Monroe Capital MML CLO XIV, LTD. The term financing was Monroe's second new CLO completed in 2022 and is secured by a portfolio of middle market senior secured loans.Monroe sold... Read Story

Rosenthal & Rosenthal completed several transactions, including an asset based lending deal and three deals for Rosenthal’s newest division, Pipeline, serving e-commerce and direct-to-consumer businesses. The funding and financing facilities will... Read Story

Nuveen, the investment manager of TIAA, entered into a definitive agreement to acquire a controlling interest in Arcmont Asset Management, a leading European private debt investment manager with $21 billion in committed capital. The acquisition will... Read Story

Fortress Investment Group was ranked as the 2nd fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications. The report provides a qualitative and... Read Story

The third quarter Phoenix Management “Lending Climate in America” survey results reveals the impact inflation is having on global economic conditions and consumer spending.Phoenix’s Q3 2022 “Lending Climate in America” survey asked lenders to... Read Story

Hilco Global has issued a timely report that explores the current state of the US economy with a narrowed focus on the rise of consumer debt and how that will inform near-term receivables planning for businesses and creditors. A Rising Tide of... Read Story

Gulp Data, a new fintech enterprise, is changing the capital acquisition game for startups with the launch of its data-as-an-asset financing model. Unlike conventional and venture debt that too often results in dilution, lost control and exorbitant... Read Story

nFusion Capital provided 39 new factoring, inventory finance, and asset-based lending facilities during the third quarter of 2022 for an aggregate of $14 million, and $102 million in receivables purchased. With an average days to close of 17, the... Read Story

EisnerAmper announced that the colleagues of Maryland-based firm The Hoffman Group, a Certified Public Accounting and advisory firm, have joined EisnerAmper.Founded in 2017, The Hoffman Group is a full-service accounting and business consulting firm... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to Greenshades Software in a growth recapitalization led by Gearbox Capital, LLC and Waypoint Capital. As part of the transaction, existing investors, including SFW Capital Partners... Read Story

Main Street Capital Corporation announced the following recent activity in its private loan portfolio. During the third quarter of 2022, Main Street originated approximately $269.9 million in new commitments in its private loan portfolio across eight... Read Story

SLR Investment Corp. has entered into a joint venture agreement with SunStone Senior Credit L.P. (the “Investor”) to create SLR Senior Lending Program LLC (“SSLP”). The joint venture is expected to invest primarily in senior secured cash flow... Read Story

Veteran private equity fund manager Richard Waryn has joined forces with transportation and logistics entrepreneur Todd Harman and M&A specialist Michael Seeley to form Ridgefield Partners LLC, a top-tier mergers & acquisitions and strategic advisory... Read Story

Golub Capital BDC originated $176.7 million in new middle-market investment commitments during the three months ended September 30, 2022. Approximately 91% of the new middle-market investment commitments were one stop loans, 7% were senior secured... Read Story

Middle market private companies in the Golub Capital Altman Index experienced year-over-year revenue growth of 12% and earnings decline of 2% during the first two months of the third quarter of 2022. This compares to year-over-year revenue growth of... Read Story

Gordon Brothers and TAGeX Brands, one of the nation’s largest liquidation resources for restaurants, food service operators, supermarkets and convenience stores, have formed a strategic alliance to provide comprehensive real estate and equipment... Read Story

Solifi announced MyTechMag named Solifi as one of the world’s top 10 banking technology solution providers in 2022. Solifi was recognized for its innovative fintech solutions built on the company’s software-as-a-service (SaaS)-based open finance... Read Story

IR2 Holdings, LLC (“IR2”) announced its formal launch of a specialized joint venture between Alan Kestenbaum, Gaurav Mehta and funds and accounts managed by Oaktree Capital Management, L.P. (“Oaktree”), leveraging a unique collection of expertise... Read Story

Berkeley Research Group (BRG) announced the creation of an integrated Strategic Performance Solutions (SPS) group within the firm's Corporate Finance practice. Bringing together BRG's Private Equity PortCo Services, Finance Excellence and Performance... Read Story

National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, closed its second asset-backed securitization (ABS) for $125 million. Guggenheim Securities served as sole structuring advisor and the... Read Story

The law firm of Moritt Hock & Hamroff LLP announced Leslie A. Berkoff, Ted A Berkowitz, Michael Cardello III, James P. Chou,  Robert S. Cohen, Theresa A. Driscoll, Andrew B. Eckstein, Robert M. Finkel, Robert J. Fryman, Stephen J. Ginsberg, Henry L.... Read Story

Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Wholesale Finance SaaS solution, which includes several new automated features to better manage inventory audits, provide real-time... Read Story

Austin Financial Services (“AFS”), a Los Angeles, CA based provider of asset-based lending solutions to small and medium sized businesses for over 40 years, closed a $115 million debt recapitalization with two lenders, lowering the company’s overall... Read Story

Global M&A Network has named A&G Real Estate Partners Co-President Andy Graiser to its 2022 list of “Top 100 Restructuring Professionals.” The ninth-annual “Distinction in Deal-Making Award” recognizes “highly respected, successful and innovative”... Read Story

Mitsubishi HC Capital Canada announced it has reached $2 billion in financing assets. Founded as CLE Leasing in Grand-Mère, Québec in 1979, the company has grown from a small, local finance shop to become a pan-Canadian specialty finance powerhouse... Read Story

Wintrust Business Credit announced plans to expand its geographic reach from a regional provider to a national ABL platform.  Since its founding in 2008, WBC has provided best-in-class asset-based lending solutions with a focus on middle-market... Read Story

Oaktree Specialty Lending Corporation (“OCSL”)and Oaktree Strategic Income II, Inc. (“OSI II”) entered into an agreement to merge together with OCSL as the surviving company, subject to stockholder approval and customary closing conditions. The... Read Story

InterVest Capital Partners, formerly known as Wafra Capital Partners, a leading investment manager in structured finance verticals and a pioneer of Sharia-compliant investment products, announced a major rebrand.InterVest Capital Partners, previously... Read Story

Solifi announced it was named to the 2022 IDC FinTech Rankings. The 19th annual vendor ranking recognizes the world’s top 100 leading hardware, software, and service providers to the financial services industry.“We are honored to be recognized by IDC... Read Story

eCapital announced the creation of a new division, eCapital Healthcare, dedicated to serving clients within the healthcare industry with fast and flexible financial solutions designed for their unique needs.  The new division will be led by 20+ year... Read Story

FG Financial Group announced the expansion of its growth strategy through the formation of a merchant banking division. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and... Read Story

Deerpath Capital Management reported investment activity of $3 billion into US-headquartered companies backed by private equity sponsors over a 12-month period ending June 30, 2022.Deerpath invested in more than 100 businesses across a diverse set of... Read Story

White Oak Global Advisors announced that the firm, together with its financing affiliates, provided over $1 billion in loans across all platforms between January 1 and June 30, 2022. The total dollar amount accounts for the combined value of 45... Read Story

Solifi announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to provide a richer experience for customers and lenders, mitigate risk, and streamline... Read Story

Fifth Third Private Bank, a division of Fifth Third Bank announced the release of its collaborative research with the National Center for the Middle Market, housed at The Ohio State University Max M. Fisher College of Business. The research provides... Read Story

Mizzen Capital, a New York based private-debt, SBIC fund, has deployed AIO Logic's loan and portfolio management platform, AXIS.AXIS by AIO Logic is an end-to-end loan and portfolio management platform designed for the complex needs of SMB and middle... Read Story

MetLife Investment Management (MIM), the institutional asset management business of MetLife, originated $9.2 billion in private placement debt and private structured credit for the first half of 2022 across 137 transactions. This was a record for MIM... Read Story

Best Lawyers in America has recognized nine Moritt Hock & Hamroff attorneys in its 2023 edition. Six attorneys were included in The Best Lawyers in America and three attorneys were included in The Best Lawyers: Ones to Watch in America.Best Lawyers... Read Story

Revelation Machinery, which specializes in the Manufacturing and Industrial industries with services in Auctions/Liquidations, Asset Recovery and Remarketing, was recognized as one of the fastest-growing private companies in the US. Named one of the... Read Story

Commercial Finance Partners announced the expansion of it direct funding programs. The company is providing accounts receivable financing for small businesses seeking cash flow solutions; typically focusing on smaller businesses who sometimes get... Read Story

Solifi, a global fintech software partner for secured finance, announced the launch of its software-as-a-service (SaaS)-based lease and loan pricing solution for the U.S. equipment and automotive finance industries. The SaaS version of Solifi’s... Read Story

EisnerAmper announced that the partners and colleagues of Minneapolis-based accounting and advisory firm Lurie LLP will be joining EisnerAmper in a transaction anticipated to close in September of 2022.With more than 200 employees, 24 partners, and... Read Story

Phoenix announced that Brian Gleason, Senior Managing Director & Shareholder at Phoenix Management Services, has been named a Top Restructuring Consultant by Global M&A Network. The most accomplished, influential, and innovative consultants... Read Story

Solifi, a global fintech software provider for secured finance, announced British Car Auctions (BCA) extended its Solifi platform contract to support the expansion of its wholesale finance offering.The BCA Partner Finance service supports dealers... Read Story

The July 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second... Read Story

Hilco Corporate Finance (HCF), a boutique investment bank, is accelerating its growth by re-imagining corporate finance advisory for the middle market.Over the past 12 months, HCF has doubled its size and expanded its geographic presence – first with... Read Story

AIO Logic announced the launch of their AXIS commercial lending platform. AXIS by AIO Logic provides commercial lenders with increased efficiency and accuracy throughout the loan life cycle by providing them with unprecedented automation and... Read Story

Balbec Capital, a global alternative asset manager with over $11 billion in platform assets, announced the closing of its fifth global flagship fund, InSolve Global Credit Fund V, L.P. (the “Fund” or “IGCF V”), with total commitments of over $1.5... Read Story

Owl Rock, a division of Blue Owl Capital Inc. announced that certain of its funds have made an initial equity commitment to Amergin Asset Management, a newly formed portfolio company created to invest in a leasing platform focused on railcar and... Read Story

Castlelake, a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, and Aequum Capital Founder, LLC ("Aequum"), a tech-enabled specialty finance lender, announced a partnership... Read Story

Encina Private Credit (“EPC”) announced a significant expansion to its capital base with $500 million in incremental capital commitments. This capital will enable the platform to scale its first-out, enterprise value loan product in partnership with... Read Story

A&G Real Estate Partners was named “Real Estate Restructuring Firm of the Year” at Global M&A Network’s 14th Annual Turnaround Atlas Awards. The July 21 announcement marked the third consecutive year in which the Melville-based advisory firm has... Read Story

FTI Consulting was named to Forbes magazine’s 2022 list of America’s Best Employers for Women.Commenting on the recognition, Holly Paul, Chief Human Resources Officer at FTI Consulting, said, “We strive to ensure FTI Consulting is an employer of... Read Story

Versana announced that industry veteran David Kamp has joined the firm as Chief Technology Officer (CTO). In this role, Kamp is responsible for Versana’s technology strategy, while building and managing its engineering and development teams. He will... Read Story

Red Mountain Capital Partners LLC (“Red Mountain”) announced the launch of Red Mountain Capital Advisors LLC (“RMCA”) and Red Mountain Securities LLC (“RMS”), an investment banking platform focused exclusively on providing advisory services for... Read Story

The Global M&A Network announced the winners of the 14th Annual Turnaround Atlas Awards, naming national interim management and advisory firm SierraConstellation Partners (“SCP”) as the winner of “Private Equity Deal of the Year” for their work with... Read Story

Specialty Finance Startup Company established in Buffalo, New York closes $5MM round of equity and $35MM of funding to support Small to Medium Sized businesses nationwide.  Culain Capital Management (Culain) officially launched a new Specialty... Read Story

B. Riley Financial earned multiple awards at the 14th Annual Turnaround Atlas Awards. Presented by Global M&A Network, the Turnaround Atlas Awards recognize the best value-creating transactions, outstanding firms, professionals and leaders for their... Read Story

Squire Patton Boggs won the ‘Turnaround of the Year Award (large)’ for its innovative work on the Ferrellgas Partners pre-packaged chapter 11 restructuring.The Turnaround Atlas Awards, presented by Global M&A Network, recognize the best... Read Story

Phoenix IB acted as the exclusive financial advisor and investment banker to Polymeric Resources Corporation in arranging, structuring, and negotiating a refinancing of $30 million through Citizens. The new refinancing consists of a Revolving Line of... Read Story

Solifi, a global fintech software partner for secured finance, announced that Mountain Ridge Capital (MRC) selected and recently deployed Solifi’s asset-based lending (ABL) software solution. A start-up ABL independent with seasoned finance... Read Story

SSG Capital Advisors (“SSG”) acted as the investment banker to Panhandle Oilfield Services, Inc, a portfolio company of Argosy Private Equity (“Argosy”), in the placement of a $12 million asset-based credit facility. The credit facility was used to... Read Story

KKR announced the final close of KKR Asset-Based Finance Partners (“ABFP” or the “Fund”), KKR’s first fund dedicated to asset-based finance investments “ABF.”  The approximately $2.1 billion fund will commit capital globally to privately originated... Read Story

Golub Capital BDC originated $449.6 million in new middle-market investment commitments during the three months ended June 30, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 2% were senior secured loans... Read Story

John Hancock Investment Management, a company of Manulife Investment Management, and Marathon Asset Management announced the launch of John Hancock Asset-Based Lending Fund (the fund). The fund is subadvised by Marathon Asset Management (Marathon), a... Read Story

Providing companies and their advisors with fast access to reliable working capital solutions has always been at the center of Gibraltar Business Capital’s (“GBC”) mission.Gibraltar Business Capital is taking that commitment a step further by... Read Story

The Merchant Opportunities Fund, a Vancouver-based private debt fund focused on investing in specialty finance portfolios, has increased its revolving debt facility with the Bank of Montreal ("BMO"). The facility now consists of a $27.5 million... Read Story

HPD Lendscape has evolved its brand to reflect the company’s market position and progressive approach to the financial sector. As part of this initiative, the business has changed its name from HPD Lendscape to Lendscape  – matching the name of its... Read Story

SC&H Capital acted as the exclusive investment banker to CCX, Inc., dba Braeburn Alloy Steel (“Braeburn”), in the sale of substantially all of its assets to a G.O. Carlson subsidiary (“Carlson”) in the United States Bankruptcy Court for the District... Read Story

H.I.G. Capital ("H.I.G."), announced that its portfolio company, Riveron Consulting, has acquired Clermont Partners, a women-owned consultancy specializing in environmental, social, and governance (“ESG”) communications and strategy, investor... Read Story

Sumitomo Mitsui Banking Corporation (SMBC)  President and CEO Makoto Takashima announced that the bank has entered into a strategic alliance with Marathon Capital LLC for collaboration in ESG-related space.Marathon Capital, headquartered in Chicago... Read Story

Citizens M&A Advisory served as the financial advisor to New State Capital on its acquisition of Patuxent Roofing and Contracting, an independent provider of re-roofing installation and services. New State has the ability to invest up to $100... Read Story

Wingspire Capital Holdings announced an agreement to acquire Liberty Commercial Finance LLC (“Liberty”). Wingspire Capital is a portfolio company of Owl Rock Capital Corporation, a publicly traded business development company that is... Read Story

Mitsubishi HC Capital America achieved record results from its Technology Finance team for fiscal year 2021, ending March 31, 2022. Offering supply-chain financing to value-added resellers (VARs) specifically in the technology industry, the team... Read Story

Mountain Ridge Capital ("MRC"), an asset-based commercial finance company, announced its official launch.Strategically backed with equity from Arena Investors, Mountain Ridge Capital is focused on originating, underwriting and managing asset-based... Read Story

Deerpath Capital Management announced the launch of its newest international office in London, England.The office, located in Berkeley Square, will serve as Deerpath's European headquarters, and is led by private markets specialist Tania Kutner, Head... Read Story

B. Riley Financial has been recognized in three individual categories of The M&A Advisor's 16th Annual Turnaround Awards, demonstrating its cross-platform leadership in middle market investment banking, restructuring and the retail industry. B.... Read Story

KKR announced that it is partnering with Andrew K. “Andy” Silvernail, the former Chairman and CEO of Madison Industries and IDEX Corporation, to pursue new acquisition opportunities.  Silvernail will work alongside KKR as an Executive Advisor to... Read Story

SellersFunding, a fintech provider for ecommerce sellers, announced the addition of two new products to its robust lineup of working capital products, Invoice Factoring and Purchase Order (PO) Financing. Invoice Factoring and PO Financing support... Read Story

Percent, the platform powering the future of private markets, and Anzen, the first ever protocol for private credit protection, announced the launch of a new risk mitigation tool that offers accredited investors on Percent's platform seamless access... Read Story

EisnerAmper announced that the partners and staff of New York City-based accounting and advisory firm Raich Ende Malter & Co. LLP (“REM”) will be joining EisnerAmper in a transaction anticipated to close in the summer of 2022.Founded in 1972, REM has... Read Story

Victory Park Capital announced the final close of its latest fundraise for its Asset Backed Opportunistic Credit strategy (the “Fund”). The Fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed... Read Story

EQ Riskfactor, a global provider of risk management software for the commercial finance market (part of Equiniti Group), unveil its new partnership with Solifi. A global fintech software partner, Solifi provides market-leading, mission-critical... Read Story

SC&H Capital, a leading investment bank specializing in M&A advisory, announced that its client, Marine Technologies, Inc. (“MTI”) has sold its marine construction operation to Ballard Marine Construction LLC (“Ballard”) via an asset sale.  MTI was... Read Story

Business development companies (BDCs) have periodically evolved since their creation in the late 1980s, with the advent of perpetual non-traded BDCs being the most recent example, Fitch Ratings says. Continuous fundraising in perpetual non-traded... Read Story

Nexseer Capital announced that the management team of W. Scott McCullum (President), Jonathan Albin (Chief Operating Officer) and Robert Davis (Executive Vice President) have acquired majority ownership of the company. The senior management team... Read Story

Encina Equipment Finance (EEF) announced it has provided a $15 million equipment lease line to a specialty materials company for the installation of a new manufacturing line. EEF was represented by Reed Smith LLP. For more equipment finance and... Read Story

SLR Business Credit has announced that its subsidiary Fast Pay Partners has been rebranded as SLR Digital Finance (“SLRDF”). SLRDF provides asset-based loans and factoring facilities to ad tech and digital media businesses throughout the United... Read Story

SSG Capital Advisors (“SSG”) acted as the investment banker to Listen Technologies Corporation in the placement of a financing package, which enabled Listen to refinance existing indebtedness and will provide additional capital for growth. The... Read Story

Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, announced the final close of the AG Credit Solutions Fund II, L.P. (the “Fund”) with $3.1 billion of equity commitments, exceeding the Fund’s $3.0... Read Story

CohnReznick launched a new awards program to recognize U.S.-based businesses that are “changing the game” through their commitment to environmental, social, and governance (ESG) strategies and practices.The Gamechangers in ESG Awards program... Read Story

Altimer Capital launched a new alternative asset management firm targeting credit opportunities in the rapidly growing area of digital transformation. The new private credit and structured equity firm will offer innovative and customized financing... Read Story

Crestmark, the Commercial Finance Division of MetaBank, N.A., secured a total of $12,801,160 in ABL/factoring financial solutions for 11 new clients; Crestmark Equipment Finance provided $10,080,680 in 11 new large ticket transactions and $2,320,351... Read Story

Monroe Capital announced the final close of its Monroe Capital Opportunistic Private Credit Fund I (“Fund”) with approximately $500 million of investable capital, including targeted fund leverage. The Fund has limited partner commitments from over 75... Read Story

BlackRock secured more than $800 million in initial commitments toward its $1 billion target for the BlackRock Impact Opportunities Fund. This new fund, the first multi-alternatives strategy of its kind, is already beginning to invest in businesses... Read Story

Deerpath Capital Management announced the closing of Deerpath CLO 2022-1, a $375 million collateralized loan obligation (CLO).Deerpath CLO 2022-1 represents the fifth CLO issued by Deerpath since 2018 and brings the firm's total CLO assets under... Read Story

William Blair announced the launch of its Private Capital Advisory practice. The practice expands William Blair’s robust financial sponsor advisory platform to provide financial sponsor clients with highly relevant and differentiated strategic advice... Read Story

Fourshore Partners announced its acquisition of Celtic Capital Corporation.With an appetite for the more complex transactions, Celtic Capital has a history of success in crafting creative, flexible financing solutions with no financial covenants. As... Read Story

Yieldstreet launched the Enhanced Crypto Fund which offers crypto investors an easier way to modernize their portfolio to include crypto and blockchain assets.“Yieldstreet is all about access that gives you the potential to help build a more stable... Read Story

Ritchie Bros. Auctioneers announced its wholly owned indirect subsidiary, Ritchie Bros. UK Holdings Ltd. (RB Purchaser) is discontinuing the Phase 2 review by the UK Competition and Markets Authority (the CMA). The Sale and Purchase Agreement dated... Read Story

Monroe Capital announced the final close of its 2022 Monroe Capital Private Credit Fund IV (“Fund”) with $4.8 billion of investable capital, including targeted fund leverage and separately managed accounts investing alongside the Fund. The Fund has... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to DSG Consulting, LLC on its sale to Corporate Visions, Inc., a portfolio company of The Riverside Company.DSG is a technology-enabled growth consultancy that helps B2B companies... Read Story

The Disputes and Investigations practice at Alvarez & Marsal (A&M) published Threatscape 2022, that examines three major fraud, compliance, regulatory risks and investigations trends the firm expects to see in Asia and provides mitigation strategies... Read Story

Gordon Brothers, the global advisory, restructuring and investment firm, has received $300 million in financing from Canada Pension Plan Investment Board (CPP Investments) through its subsidiary CPPIB Credit Investments Inc., increasing the firm’s... Read Story

Monroe Capital has been recognized by Global M&A Network as the Small Mid-Markets Lender of the Year. Award winners were honored at the virtual Americas M&A Atlas Awards Gala held on January 29th.This award recognizes the firm’s notable... Read Story

White Oak Global Advisors announced its adoption of Impact Rate of Return®, a comprehensive impact analytics system provided by Global Impact LLC.Global Impact, led by its President Howard W. Buffett, will guide the effort as White Oak’s newest... Read Story

Newly-formed Meriwether Group Capital (MWGC) launched this month to make commercial loans available to businesses that fall outside the criteria required by traditional lenders. The MWGC Hero Fund focuses on small to mid-sized companies that meet the... Read Story

Yieldstreet, a leading digital alternative investment platform driven to help millions of people unlock access to previously unattainable investments, is launching a platform that allows investors the unique opportunity to invest in individual... Read Story

Golub Capital BDC originated $306.3 million in new middle-market investment commitments during the three months ended March 31, 2022. Approximately 94% of the new middle-market investment commitments were one stop loans, 2% were senior secured loans... Read Story

TCG BDC announced that it will change its name to Carlyle Secured Lending effective April 11th, 2022.“We are pleased to announce the renaming of TCG BDC as Carlyle Secured Lending. Our new name best reflects Carlyle’s twenty-year investment heritage... Read Story

National Loan Exchange, a division of Heritage Global and a leading loan sale advisor of charged off and nonperforming asset portfolios, announced that Ashley Arens-Yager has joined its team as Assistant Vice President – Sale Operations, where she... Read Story

Big Shoulders Capital and Iroquois Industrial Group have formed a partnership to acquire the assets of Benda Manufacturing, a leader in conveyor and product handling systems for the food industry and other industries requiring integrated production... Read Story

AlixPartners announced a strategic alliance with Cypress International, a Washington, D.C.-based consultancy specializing in helping industry support the U.S. Department of Defense (DoD) and other federal-government departments and agencies. The... Read Story

Golub Capital acted as Left Lead Arranger and Administrative Agent on a $1.3 billion unitranche facility to finance CVC Capital Partners’ acquisition of a controlling interest in Radwell International, Inc. from Greenbriar Equity Group. Greenbriar... Read Story

SLR Investment Corp. announced the closing of the previously announced merger with SLR Senior Investment Corp. (“SUNS”), with SLRC as the surviving company. The combined company will operate as SLR Investment Corp. and continue to trade on the NASDAQ... Read Story

Paul Hastings significantly strengthened its position among elite Wall Street firms with today’s announcement that a high-profile team of 18 financial restructuring partners has joined its New York and Los Angeles offices.The team is led by... Read Story

In November 2021, SG Credit Partners acquired Stonegate Capital and announced its entry into asset-based lending with a focus on high-growth consumer products. The result of the combined companies is the ability to deliver a complete range of... Read Story

FTI Consulting announced the Company has been named to Forbes magazine’s list of America’s Best Management Consulting Firms for the seventh consecutive year, recognized in 13 sectors and functional areas.Commenting on the recognition, Steven H. Gunby... Read Story

A decrease in first-lien term loan recoveries, driven by the pandemic, has begun to reverse, with 2021 ultimate recoveries reverting back to historical levels, according to a new Fitch Ratings report.“The coronavirus pandemic, resulting EBITDA... Read Story

eCapital announced the launch of the Five Star Load Board and Five Star Dispatch platforms under the Five Star brand. These tools have been designed specifically for the underserved owner-operator, small fleet and freight brokerage segments as part... Read Story

CIT, a division of First Citizens Bank, is launching a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment.Golf & Turf is part of CIT’s Business Capital group... Read Story

Pinnacle Financial Partners has formed a debt capital markets group that will house its existing loan syndications team and future efforts in the bond capital markets. In addition, Pinnacle has created a new specialty group to provide financing to... Read Story

Monroe Capital closed a $457 million term debt securitization known as Monroe Capital MML CLO XIII, LTD. The term financing was Monroe’s eighth new issue CLO completed since 2018 and is secured by a portfolio of middle market senior secured... Read Story

SLR Investment Corp. and SLR Senior Investment Corp. announced that each company obtained stockholder approval of the proposals related to the previously announced merger of SLRC and SUNS (the “Merger”) at their respective special meetings of... Read Story

Amsterdam-based Hilco Industrial Acquisitions, B.V., an operating company of U.S.-based Hilco Global, announced the strategic acquisition of all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany. The... Read Story

The first quarter Phoenix Management “Lending Climate in America” survey results reveals the majority of lenders anticipate geopolitical tension and an increase in interest rates to be the biggest economic headwind in 2022.Phoenix’s Q1 2022 “Lending... Read Story

Businesses are investing in technology to expand online operations and facilitate remote work during the pandemic. But many of those same businesses are also eager to see their employees return to the workplace in greater numbers over the long... Read Story

Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), directed the Agency to provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program Borrowers for a... Read Story

Utica Equipment Finance completed three transactions totaling $5,150,000 in the first half of March. $1,250,000 capital lease secured by a hypercar and support vehicles to transport and deliver the vehicle. Utica was able to provide them working... Read Story

Alvarez & Marsal’s (A&M) Healthcare Industry Group has launched a Public Health practice. This practice will work with national, state and local governments, not for profit and community-based healthcare organizations to meet evolving healthcare... Read Story

MetLife Investment Management (MIM), the institutional asset management business of MetLife, originated $15.6 billion in private placement debt and private structured credit across 247 transactions in 2021. This included $3.0 billion of investments... Read Story

Alvarez & Marsal (A&M) continues to expand its Healthcare Industry Group offerings with the launch of its Human Capital and Workforce Management Practice. Led by Bianca A. Briola, the practice will focus on developing strategic solutions for... Read Story

CBRE Group announced a decision to discontinue most of its business in Russia in response to the horrific attack on Ukraine. The company has begun the process of exiting its office in Moscow, which provides leasing, investment, property management... Read Story

Great Elm Capital Corp. (GECC), a business development company, launched Great Elm Utica, LLC (“GEU”), a joint venture between GECC and Utica Leaseco (“Utica”), to co-invest in proprietary equipment financing transactions sourced by Utica.Founded in... Read Story

North Mill Equipment Finance (NMEF) announced the closing of its fifth commercial equipment backed securitization (ABS), NMEF Funding 2022-A (NMEF 2022-A). The $371,070,000 transaction represents North Mill’s largest ABS issuance to date, surpassing... Read Story

Monroe Capital Corporation BDC released its fourth quarter and full year 2021 results. Fourth Quarter 2021 Financial Highlights: Paid quarterly dividend of $0.25 per share Current annual cash dividend yield to shareholders of approximately... Read Story

Monroe Capital was selected as the recipient of two Private Debt Investor (“PDI”) awards, including the 2021 Senior Lender of the Year and Lower Mid-Market Lender of the Year, in the Americas.PDI is published by PEI, the only global B2B information... Read Story

Hildene Capital Management, an asset management firm focused on distressed and event-driven opportunities within credit, has entered into a strategic relationship with Leucadia Asset Management (“LAM”), a division of Jefferies Financial Group Inc. In... Read Story

Horizon Technology Finance announced that Horizon Secured Loan Fund I LLC, Horizon's wholly-owned subsidiary ("HSLF"), has amended its senior secured debt facility with a large U.S. based insurance company. Under the amended agreement, the commitment... Read Story

The Maurice A. Deane School of Law at Hofstra University has named Nicholas Tramposch as the recipient of the 2021-2022 Moritt Hock & Hamroff Business Law Honors Fellowship and Rachel November as the recipient of the 2021-2022 Marc L. Hamroff Annual... Read Story

Monroe Capital announced record investment activity for 2021. The firm closed in excess of $6.3 billion in new financing commitments across 131 separate transactions. Monroe’s assets under management increased by 35% to $12.7 billion as of December... Read Story

Configure Partners announced the successful completion of a financing in support of Hidden Harbor Capital Partners’ (“Hidden Harbor”) acquisition of Superhero Fire Protection, LLC (“SuperHero”). SuperHero is a leading Fire, Life and Safety installer... Read Story

FTI Consulting released the findings of its 2022 U.S. Loan Market Survey, which provides insight into the impact of COVID-19, inflation and other economic trends on the U.S. loan industry, along with expectations for leveraged credit market... Read Story

Configure Partners completed a financing for 1435 Rail Equipment Leasing and Maintenance, Inc. (“RELAM”), a portfolio company of an affiliate of Paceline Equity Partners. RELAM is the leading provider of maintenance-of-way (“MOW”) equipment, and... Read Story

Jack Henry & Associates announced that Independent Financial has expanded its collaboration with Jack Henry, selecting the company's digital lending platform, LoanVantage®, to automate commercial loans for small and medium-sized businesses.McKinney... Read Story

Cerebro Capital, a commercial loan marketplace, released its Q4 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. Cerebro reports commercial lenders continued to ease lending standards in the fourth quarter... Read Story

Blue Owl Capital has entered into a definitive purchase agreement to acquire Wellfleet Credit Partners LLC ("Wellfleet") from affiliates of Littlejohn & Co., LLC ("Littlejohn"). The transaction is expected to close in March 2022 and is subject to... Read Story

BizCap opened an office in Dallas, marking another milestone in its national geographic expansion plan.Leading the growth effort for the new Dallas office is David Schubel, BizCap’s vice president of originations. With BizCap since 2020, Mr. Schubel... Read Story

Solifi, a leading provider of mission-critical software for the secured finance industry, announced that Exeter Finance extended its agreement to use the Solifi (formerly IDS and White Clarke Group) platform in more than 11,000 U.S. auto dealerships.... Read Story

Bain Capital Specialty Finance announced the formation of Bain Capital Senior Loan Program, LLC ("SLP"). The SLP will provide BCSF with greater balance sheet flexibility to capitalize on senior middle market loan opportunities to borrowers in North... Read Story

LSQ has forged a partnership with the Michigan Minority Supplier Development Council (MMSDC), a non-profit organization committed to driving economic growth in minority communities, to provide working capital assistance to minority-owned businesses... Read Story

Ares Management Corporation announced that new financing commitments made across its U.S. direct lending strategies more than doubled to $33.4 billion in 2021. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed... Read Story

MidCap Business Credit has formed a new entity MidCap Equipment Finance LLC and has retained a team of seasoned investment professionals to begin offering equipment loans and leases to middle market companies in the U.S. and Canada. This new product... Read Story

Kapitus, a provider of small business financing, announced the closing of a $200 million asset-backed securitization (ABS). This new financing positions Kapitus for continued growth following a banner year in 2021, which saw the company’s highest... Read Story

Crestmark, the Commercial Finance Division of MetaBank, N.A., announced a series of organizational changes as part of a company-wide initiative to enhance customer experience and improve operational execution. “Refocusing our organizational structure... Read Story

NFS Leasing, a privately-held leader in equipment finance across the U.S. and Canada, is expanding its product offerings to include asset-based loans. An asset-based loan enables a company to access the equity in its business assets, converting that... Read Story

White Oak Global Advisors announced that the firm, together with its financing affiliates (collectively, “White Oak”), originated $2.1 billion of loan transactions across 133 companies in 2021. As small and medium enterprises (SMEs) continue to look... Read Story

PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory firms, introduced PKF Clear Thinking, LLC, a subsidiary of the Firm specializing in business advisory services for companies at any stage of their life cycle. Formally... Read Story

Phoenix recognizes Michael Jacoby, Senior Managing Director and Shareholder, for his 3 decades of service at Phoenix.Jacoby joined Phoenix in 1992, and at the time became its 4th employee. He became a shareholder in 1994 and has been instrumental to... Read Story

Great Elm Capital (GECC), a business development company, acquired a majority equity interest in Sterling Commercial Credit, LLC (“Sterling”) a leading asset-based lender.Established in 2004, Sterling provides asset-based loans to middle market... Read Story

Solifi™ (formerly IDS), a global software partner for secured finance, exited 2021 – a transformational year of growth – with the launch of its new website www.solifi.com. The website encompasses the company’s complete market-leading portfolio of... Read Story

NFS Leasing, a privately-held leader in equipment finance across the U.S. and Canada, achieved 16% year-over-year growth of originations in 2021. “Our growth throughout 2021 speaks to the strength of our team, our ability to move quickly in response... Read Story

Solifi announced a collaboration with BlackBerry Limited that will integrate BlackBerry IVY with the company’s open finance platform to drive innovative, high-impact finance use cases for OEMs and automotive finance providers. Solifi becomes the... Read Story

Wingspire Capital achieved a milestone of exceeding $1 billion in commitments in just its second year of operations as it provided more than $600 million in senior secured financing commitments for 2021.Wingspire’s 2021 transactions ranged in size... Read Story

LiquidX, the global technology solutions provider for working capital, trade finance, and trade credit insurance, has expanded its technology offering to include reporting capabilities for securitization facilities. LiquidX sourced and facilitated a... Read Story

Wingspire Capital announced the expansion of its product mix with the creation of a dedicated Equipment Finance division that will offer a full suite of flexible capital solutions delivered with Wingspire’s trademark level of creativity, flexibility... Read Story

Principal Global Investors®, through its direct lending business, Principal Alternative Credit, closed out 2021 with a more than eight-fold increase in committed capital, advancing its plans to expand its private debt capabilities. Marking the... Read Story

Benefit Street Partners announced record originations for both the fourth quarter and full-year 2021. BSP originated a record $2.8 billion of commitments across 41 issuers in the fourth quarter of 2021, resulting in record annual originations of $7.7... Read Story

Houlihan Lokey announced that Chris Hastings has joined the firm as a Managing Director in the Capital Markets Group. Hastings will join Sean Fitzgerald in New York to provide equity solutions, including growth capital, structured equity, and PIPEs... Read Story

SSG Capital Advisors acted as the investment banker to Custom Ultrasonics, Inc. (“CUI”) in the sale of substantially all of its assets to Wassenburg Medical B.V. (“Wassenburg”). The transaction closed on December 31, 2021.Headquartered in Ivyland... Read Story

Crown Partners completed a successful recapitalization of Arsenal Funding, a merchant cash advance provider.Headquartered in New York City, Arsenal has provided merchant funding to thousands of small businesses and corporate organizations since 2014.... Read Story

Värde Partners and Hawkins Way Capital formed a joint venture to acquire more than $1 billion of value-add and distressed hospitality and housing assets in major U.S. cities. The assets will operate under a Hawkins Way affiliate.    The JV, through... Read Story

Robbins, Salomon & Patt, Ltd. (RSP) and DiMonte & Lizak, LLC (D&L) have merged their Chicago-based law practices to form Robbins DiMonte, Ltd. The combination expands the firms’ collective capabilities in core practice areas including business and... Read Story

Golub Capital announced record originations for both the fourth quarter of 2021 and the full year. The Firm closed over $15 billion in commitments during the fourth quarter and over $36 billion in commitments for all of 2021.  “2021 was Golub... Read Story

Blue Owl Capital, a leading alternative asset manager, will bring its institutional quality middle-market lending capabilities to Canadian accredited investors. The initiative positions Blue Owl as one of the first U.S.-based private credit managers... Read Story

Hunter Point Capital (“HPC”), an investment firm focused on taking minority stakes in middle-market alternative asset managers, announced a strategic investment in Iron Park Capital (“IPC”), a global alternative investment manager with deep... Read Story

American Bank announced the acquisition of ACG Equipment Finance (ACG), a fully integrated direct equipment financing company headquartered in Austin, TX. The acquisition is another milestone in American Bank’s growth strategy, enhances the bank’s... Read Story

SLR Investment Corp. amended its senior secured credit facility. The amendment includes a reduction in the Credit Facility’s pricing grid of 25 basis points, to LIBOR + 175 – 200 basis points, based on certain conditions. The Credit Facility was... Read Story

AlixPartners announced the completion of the acquisition of the business and assets of Galt & Company, which specializes in helping management teams achieve and sustain superior growth in shareholder value. The acquisition closed on December 31, 2021... Read Story

Cerebro Capital, a commercial loan marketplace, released its Q3 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. Cerebro reports lenders continued to ease lending standards, making it easier for businesses to... Read Story

The staff of ABL Advisor would like to extend Happy New Year wishes to all of our readers and advertisers. Thank you for your loyalty and goodwill throughout 2021! We will return with the Daily eNews Blast on Monday, Jan. 3, 2021.ABL Advisor's... Read Story