Eldridge Industries is launching Eldridge, an asset management and insurance holding company with approximately $74 billion in assets under management. And Eldridge will be wholly owned by Eldridge Industries and consist of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions.Eldridge Capital Management will be focusing on four investment strategies: corporate credit, GP solutions, real estate credit, and sports, media, and entertainment. Eldridge Wealth Solutions, an
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December 09, 2024 @ 08:15 AM
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IDB Bank appointed Chris Dowd as its new Senior Vice President and Head of Specialty Finance. In this role, he will lead a portfolio in excess of $1 billion across key national business segments including Sponsor & Leverage Finance, Syndications, Asset-Based Lending and Factoring. Dowd will report directly to IDB Bank Executive Vice President and Head of New York Commercial Banking, Lissa Baum."We are pleased to announce Chris' appointment to the role of Head of Specialty Finance," said Baum.
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December 11, 2024 @ 08:22 AM
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The Huntington National Bank hired industry veteran Christopher Wood to grow its capital markets activities that help corporate and sponsor-owned companies finance investments, acquisitions and other strategic transactions.Wood will serve as executive managing director of capital markets and sponsor coverage and join Huntington Commercial Bank's leadership team. In this capacity, he will lead corporate finance, sponsor coverage, syndicated and leveraged finance, investment grade and equity
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December 10, 2024 @ 08:14 AM
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Next Level Aviation (NLA), a leader in the global distribution of used serviceable materials (USM) for all Boeing and Airbus commercial aircraft and associated jet engine platforms, has secured a new $50MM revolving credit facility with PNC Bank with the potential to expand this facility over time as NLA grows. This significantly increased working capital credit facility will allow Next Level Aviation® to expand its inventory of serviceable material, as well as support the diversification of NLA
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December 11, 2024 @ 08:10 AM
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Ares Commercial Finance announced that it and other Ares Management credit funds have provided a $55 million senior secured revolving line of credit to Liquid Death (formally known as Supplying Demand, Inc). The Company, based in Los Angeles, California, is a premium beverage brand that sells better-for-you non-alcoholic beverages in infinitely recyclable cans. Liquid Death is known for its unique branding and entertainment-first marketing approach that has built it into the third most-followed
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December 16, 2024 @ 08:15 AM
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