Dynasty Financial Partners closed a minority capital raise to fuel its ongoing growth. Several of Dynasty’s long-standing investors and members of its Board of Directors supported the round, as well as three strategic investors, including existing...
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October 09, 2024, 08:00 AM
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BlackRock and Santander announced the signing of a memorandum of understanding (MoU) by which funds and accounts managed by BlackRock will invest up to US$1 billion per year in select project finance, energy finance, and infrastructure debt...
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September 27, 2024, 08:05 AM
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BlackRock has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow...
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July 02, 2024, 07:52 AM
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BlackRock and Santander announced that funds and accounts managed by BlackRock will provide financing on a $600 million diversified portfolio of infrastructure credit across communications, energy, power and transportation sectors via a structured...
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April 11, 2024, 08:31 AM
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Star Mountain Capital announced that Frank Porcelli has joined as Senior Advisor. Star Mountain has one of the largest teams focused on investing in established, profitable, small and medium-sized private U.S. businesses (the “lower middle-market”)...
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March 22, 2024, 07:58 AM
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Pagaya Technologies, a global technology company delivering AI-driven product solutions for the financial ecosystem, closed a credit facility with participation from Funds and Accounts managed by BlackRock U.S. Private Capital, UBS O’Connor, JPMorgan...
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February 08, 2024, 07:49 AM
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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...
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December 12, 2023, 07:21 AM
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Clifford Chance advised funds managed by BlackRock Financial Management on the purchase of US$220 million in senior secured notes issued by a Canadian resorts developer owned by Freed Corp. The proceeds of the notes, which were secured by real estate...
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December 08, 2023, 06:00 AM
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Bloomberg reported that BlackRock predicts that the global private debt market will roughly double to $3.5 trillion by 2028.According to the Bloomberg report, BlackRock is forecasting that major shifts in financial markets will spur more borrowers to...
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October 27, 2023, 08:18 AM
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BlackRock and Kreos Capital announced a definitive agreement under which BlackRock will acquire full control of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries.The acquisition of...
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June 08, 2023, 07:55 AM
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Clifford Chance advised BlackRock and Silver Point Finance in connection with a US$350 million asset-based term loan facility for InfraBuild, Australia’s largest fully vertically-integrated steel manufacturer, processor and distributor. The proceeds...
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June 01, 2023, 07:37 AM
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Heelstone Renewable Energy closed on a $175 million credit facility with BlackRock Alternatives (“BlackRock”), through a fund managed by its Infrastructure Debt business, to fund the initial construction and development of utility-scale solar and...
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March 01, 2023, 07:57 AM
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Lazard Asset Management (LAM) announced that Jennifer Ryan has joined the firm as Managing Director and Head of North American Distribution, effective immediately. Based in New York, Ms. Ryan joins from BlackRock where she held leadership roles in...
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January 27, 2023, 07:00 AM
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Clifford Chance has advised BlackRock in connection with a US$150 million term loan facility for Puttshack, a tech-infused mini golf entertainment venue. The proceeds of the loan will support Puttshack's rapid growth strategy in the United States as...
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October 14, 2022, 07:00 AM
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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...
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May 11, 2022, 07:38 AM
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Wells Fargo announced that Tim O’Hara will join the Corporate & Investment Bank (CIB) on May 9, as head of Banking. In this role, Tim will lead corporate and investment banking origination and execution within CIB’s Banking Division, which is...
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April 19, 2022, 08:00 AM
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Elevate Brands, a leader in acquiring and operating Amazon FBA businesses, announced a refinancing and upsizing of their credit facility to $400 million. Led by funds and accounts managed by BlackRock, this brings the company’s funding total to $590M...
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March 16, 2022, 07:32 AM
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Root, the parent company of Root Insurance Company, completed a new term loan facility with BlackRock Financial Management, on behalf of funds and accounts under its management, and its affiliates and co-investor. The five-year, $300 million term...
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January 27, 2022, 07:58 AM
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BlackRock Capital Allocation Trust announced that the Trust has entered into a 179-day rolling line of credit facility with BNP Paribas Prime Brokerage International, Limited. BNP is required to provide 179 days’ notice of termination to the Trust...
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August 09, 2021, 05:57 AM
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Boxed, an e-commerce grocery platform selling bulk consumables to households and businesses, and an e-commerce enabler selling software and services to enterprise retailers around the world, entered into a new $45 million secured credit facility...
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August 06, 2021, 07:05 AM
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BlackRock TCP Capital announced the extension of its SVCP Credit Facility by two years to May 6, 2026. Other amendments to the Facility terms include a reduction in the stated interest rate to LIBOR plus 1.75%, subject to certain borrowing base...
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June 25, 2021, 07:14 AM
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Carver Bancorp, the holding company for Carver Federal Savings Bank ("Carver"), a certified Minority Depository Institution ("MDI"), and Bank of America closed a Senior Secured Social Impact Revolving Credit Facility with BlackRock's Alternative...
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June 18, 2021, 07:33 AM
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Velocity Financial entered into a new $175 million, 5-year term loan with a syndicate of lenders including funds managed by Blackrock’s U.S. Private Capital group, Oaktree Capital Management, L.P., and UBS O’Connor. The new facility has an initial...
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February 11, 2021, 07:00 AM
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BlackRock Capital Investment Corporation announced the appointments of Nik Singhal as President, effective November 3, 2020, and Abby Miller as Chief Financial Officer and Treasurer, to be effective as of November 9, 2020, at which time Michael...
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November 05, 2020, 08:28 AM
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BlackRock, Inc and certain of its subsidiaries entered into Amendment No. 9 ("Amendment No. 9") to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, Amendment No....
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April 01, 2020, 09:00 AM
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Amid rising concerns about a downturn in the economic cycle, institutional investors are looking to mitigate risks by increasing allocations to private markets according to BlackRock’s annual survey of global institutions.
Globally, over half (56%1)...
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January 21, 2019, 08:21 AM
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Wells Fargo Bank, N.A., and a group of institutional investors, including funds affiliated with BlackRock, Inc. and PIMCO, announced that they have reached a settlement that resolves two class action lawsuits in federal and state court related to...
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November 13, 2018, 07:06 AM
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BlackRock Inc. and Tennenbaum Capital Partners, LLC (TCP) announced a definitive agreement under which BlackRock will acquire TCP, a manager focused on middle market performing credit and special situation credit opportunities.
The acquisition...
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April 20, 2018, 07:13 AM
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Fifth Street Finance Corp. announced that its Board of Directors has appointed Patrick J. Dalton as Chief Executive Officer and elected him as a member of the Board of Directors, effective January 2, 2017. Dalton will succeed Todd G. Owens, who will...
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November 30, 2016, 07:48 AM
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On Dec. 12, Bloomberg reported Caesars Entertainment Corp. highest-ranked lenders spurned the casino company’s efforts to restructure its most indebted unit, imperiling tentative agreements reached over three months of talks with a broader group of...
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December 15, 2014, 07:35 AM
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