Oxford Finance announced its Board of Managers has appointed Timothy A. Lex as President and Chief Executive Officer. J. Alden Philbrick, IV, who founded the company and has served as the Company’s Chief Executive Officer since inception, will assume the role of Executive Chairman and continue as Chairman of the board.Lex has served as the Company’s Chief Operating Officer since 2007 and as a member of the board since 2016. Mr. Lex will continue to serve on the board alongside Mr. Philbrick.“I
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March 13, 2025 @ 08:15 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years. Backed by Sequoia Heritage and Brookfield Asset Management, Pinegrove is a venture investment platform with combined assets under management of greater than $10 billion that works with founders, fund
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March 13, 2025 @ 08:12 AM
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Capitala Group, a leading private markets investment firm providing capital solutions to lower middle-market companies, announced that its latest fundraise was oversubscribed with over $1.0 billion in commitments, including leverage, and separately managed accounts. Capitala invests both debt and equity capital into small businesses located throughout the U.S. The Firm’s strategy supports family-owned, entrepreneur-owned, and independent sponsor-owned companies seeking non-control growth capital
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March 13, 2025 @ 08:05 AM
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First Citizens Bank's Healthcare Finance business has provided financing to enable a new partnership between Leavitt Equity Partners and Pediatrics Plus, the leading pediatric therapy provider based in Arkansas.Founded in 2002 and headquartered in Conway, Arkansas, Pediatrics Plus is a comprehensive pediatric therapy provider for children with developmental therapeutic needs. It offers a range of services including physical therapy, occupational therapy, speech and language pathology, and
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March 13, 2025 @ 08:00 AM
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MidCap Financial provided a $75 million senior secured credit facility to Dixie Group, Inc. Proceeds from the credit facility were used to refinance the Company’s existing revolving credit facility and will be used to support ongoing working capital needs.Dixie Group’s business consists principally of marketing, manufacturing and selling floorcovering products to high-end customers through its various sales forces and brands. The Company focuses primarily on the upper end of the floorcovering
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March 13, 2025 @ 07:55 AM
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Middle market leaders are navigating uncertainty while poised to make key longer-term investments in technology, talent, and growth according to propriety research on the views of C-Suite executives released by Citizens today.“Business leaders came into the year with a generally upbeat feeling about the economy, and that sentiment remains, despite macroeconomic volatility,” said Don McCree, senior vice chair and head of commercial banking, Citizens. “As businesses navigate an evolving market and
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March 13, 2025 @ 07:44 AM
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Truist announced the hiring of veteran commercial banking executive Gino Di Saverio, who leads a growing middle market banking team in New Jersey that includes three other recent hires. "Gino's sterling reputation for generating new client relationships and building high-performing teams will greatly benefit Truist," said Travis Rhodes, Truist's regional president for New Jersey and Pennsylvania. "His experience and leadership will help Truist grow its presence in the market and deepen
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March 13, 2025 @ 07:00 AM
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B. Riley Financial announced that a formerly wholly-owned subsidiary of the Company has merged with Cascadia Investments, Inc., a shell entity, as a result of which certain investors in Cascadia became minority stockholders of BRF's investment banking subsidiary, B. Riley Securities ("BRS").As part of the tax-free transaction, BRS is implementing its own operating and governance structure, and its common stock will now be quoted on the OTC Pink market under the ticker symbol "BRLY." BRS will
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March 12, 2025 @ 08:15 AM
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Andalusian Credit Partners, a leading middle market direct lending platform focused on diversified senior secured leveraged lending to non-sponsored and sponsor-backed companies, has strengthened its team with senior talent as ACP continues to strategically scale its business. Moses Awe, former Senior Director of Finance at Hercules Capital, Inc., the world’s largest business development company focused on venture lending, and Sandy Climan, CEO of Entertainment Media Ventures, have joined the
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March 12, 2025 @ 08:12 AM
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Trinity Capital, a leading international alternative asset manager, announced the appointment of Zach Taffet as Director of Capital Formation & Investor Relations. Taffet will help drive the strategic direction for the Company's private fund strategies and management of institutional capital through its RIA platform.Taffet brings nearly a decade of experience in capital raising and investor relations, most recently as a member of BlackRock's Infrastructure Capital Formation Team for their
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March 12, 2025 @ 08:10 AM
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Mountain Ridge Capital (“MRC”) and Accord Financial, Inc. provided a senior secured credit facility totaling $45 million to a plastic moldings manufacturer. As an existing borrower, the Company has seen significant growth over the past year, prompting MRC to increase the facility size to better support its continued expansion.Michael Carlson, Director of Originations for the Rockies and West Coast stated, “MRC always hopes to support our high growth borrowers through the next phase of their
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March 12, 2025 @ 08:05 AM
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First Citizens Bank's Energy Finance business served as lead arranger on approximately $133 million in financing on behalf of Cypress Creek Renewables to support the development of the Destiny Storage project, a utility-scale, standalone battery energy storage system in Texas.Cypress Creek Renewables is a leading renewable energy developer and independent power producer. It develops, finances, operates and owns solar and energy storage projects across the United States, bolstering the country’s
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March 12, 2025 @ 07:58 AM
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Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, agented a $45 million senior secured revolving credit facility.
The financing, in partnership with Wingspire Capital, will support an industry-leading provider of bed and bath softline products. The new facility will fund the company’s working capital needs, fueling its growth and operational efforts.
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March 12, 2025 @ 07:51 AM
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SLR Business Credit funded a $15 million asset-based revolving line of credit to a transportation and logistics company. The credit facility was used to pay down the previous lender and to provide working capital to support the company's continuous growth and expansion.The company provides transportation solutions through asset-based dry, refrigerated, and specialized full truckload, less-than-truckload, and brokerage services, with operations based in the Midwest, and a nationwide reach through
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March 12, 2025 @ 07:43 AM
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Clifford Chance hired partner Bryan Luchs, expanding its Corporate M&A practice and capability in the health and life sciences sector. Joining from White & Case, Luchs brings more than 28 years of experience representing acquirers, targets, boards of directors, special committees, investors and investment banks in complex domestic and cross-border deals including negotiated, unsolicited and in public and private transactions. Luchs has advised across a range of industries and has deep experience
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March 12, 2025 @ 07:30 AM
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