Lincoln Financial, a leading provider of insurance, annuities, group benefits and retirement solutions, announced its expansion into the rapidly growing private markets industry, partnering with Bain Capital, a leading global private investment firm, and Partners Group, one of the largest firms in the global private markets industry, to launch two new private markets-focused funds. Lincoln expects the new offerings to be available in late 2025.“Powered by industry-leading distribution
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March 19, 2025 @ 08:30 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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23andMe Holding Co., a leading human genetics and biotechnology company, has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri (the “Court”) to facilitate a sale process to maximize the value of its business. The Company intends to continue operating its business in the ordinary course throughout the sale process. There are no changes to the way the Company stores, manages, or protects customer data.23andMe is seeking authorization from
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March 24, 2025 @ 08:12 AM
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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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Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced that it served as lead arranger for a $74.0 million second lien credit facility in support of a recapitalization transaction for MaxiTransfers ("Maxi"), a Housatonic Partners portfolio company. Wells Fargo continues as agent and lead to a $90.0 million revolving credit
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March 14, 2025 @ 08:10 AM
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