Ares Management Corporation announced that funds managed by its Credit Group closed approximately $13.8 billion in U.S. direct lending commitments across 90 transactions during the fourth quarter of 2024 and approximately $48.2 billion in direct lending commitments across 341 transactions in the 12 months ended December 31, 2024. The $48.2 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business. Below is a description of selected transactions
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February 05, 2025 @ 08:15 AM
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Balbec Capital, an alternative investment manager with over $16 billion in platform assets, announced the successful final closing of InSolve Global Credit Fund VI (“IGCF VI”), which between the flagship fund and related vehicles, raised over $1.7 billion in equity commitments, making this Balbec's largest fundraise cycle to date. Balbec received strong support from both existing clients and new investor relationships globally, including sovereign wealth, pension funds, insurance companies
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February 05, 2025 @ 08:05 AM
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SG Credit Partners, through its Commercial Finance division, announced its partnership with a leading regional off-price apparel retailer. The senior debt investment refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth plan. The client is one of the largest regional chains in the country, operating hundreds of stores across multiple states and primarily serving small-to-midsized markets. They cater to cost-conscious
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February 05, 2025 @ 08:00 AM
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WSFS Bank, the primary subsidiary of WSFS Financial Corporation appointed Kathryn Bittner to the position of Senior Vice President, Chief Operating Officer, Commercial Banking, reporting to James (Jim) Wechsler, Executive Vice President and Chief Commercial Banking Officer.Bittner succeeds Wechsler who was promoted to Chief Commercial Banking Officer effective January 1, 2025.In her new role, Bittner will oversee operations, finance, sales strategy, and the credit development program for
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February 05, 2025 @ 07:58 AM
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There were 539 commercial chapter 11 filings recorded in January 2025, a 16 percent increase from the 465 commercial chapter 11s in January 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial bankruptcy filings rose 11 percent in January 2025, with the 2,358 filings ticking up from the 2,126 filings in January 2024. Small business filings, captured as subchapter V elections within chapter 11, increased 7 percent to 171 in
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February 05, 2025 @ 07:51 AM
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EB5 Capital, a Regional Center operator in the EB-5 industry, secured a $100 million credit facility with EagleBank, one of the largest community banks in the Washington, DC area. This new credit facility, which doubles the firm’s previous $50 million credit line with EagleBank, will significantly enhance EB5 Capital’s ability to remove syndication risk for its sponsors and provide the necessary capital to support future growth.“This credit facility marks a monumental step forward for EB5
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February 05, 2025 @ 07:50 AM
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Monroe Capital has expanded its platform to Australia with the appointment of Galen Fu as Director, Business Development. Fu will be based in the firm’s Sydney, Australia office and will be responsible for client servicing and capital raising across Australia.Fu has more than 14 years of experience in capital raising, portfolio management and banking in the Asia-Pacific region. Prior to Monroe, he was a Director in the Capital Markets team at Hines Investment Management where he was responsible
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February 05, 2025 @ 07:45 AM
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Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is acting as Joint Lead Arranger on a $325 million senior secured credit facility for Solidcore, a Pilates workout fitness chain based in Rosslyn, Va. The financing supports the acquisition of a majority stake in Solidcore by private equity firm L Catterton.Solidcore owns and operates a national network of fitness studios providing targeted strength training on custom-built Pilates
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February 05, 2025 @ 07:44 AM
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Republic Business Credit closed out a dynamic 2024 with a time-sensitive $4,500,000 asset-based loan to an innovative organic clothing manufacturer located in Los Angeles, California. Republic refinanced an existing loan from a private credit fund that decided to focus on larger corporate transactions through its direct lending model. Republic’s lending solution has empowered the company to meet surging demand for its organic apparel offerings in 2025. Recognizing the unique cyclical nature of
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February 05, 2025 @ 07:38 AM
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Tiger Group announced an executive-level promotion that positions the company for further growth at a time of rising demand for its financial, disposition, asset-valuation and advisory services. Ryan Davis has been promoted to Chief Operating Officer, having previously led a nationwide team of appraisal group associates, financial analysts and writers as Executive Managing Director of Tiger Valuation Services. He assumes the role of COO from Tiger Principal Michael McGrail. Tiger Group has
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February 04, 2025 @ 08:15 AM
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XS Financial, an established equipment finance company serving middle-market storied credits, amended and upsized its current $70 million line of credit with Needham Bank to $100 million, with First Citizens Bank participating for $20 million. XS Financial intends to use loan proceeds to fund additional CAPEX and equipment leases with new and existing customers.Gramercy Capital Group, LLC (through INTE Securities LLC) served as financial advisor to XS.David Kivitz, CEO of XS Financial, commented
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February 04, 2025 @ 08:10 AM
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Wells Fargo released its 2024 Q4 Commercial Business Sentiment Report in collaboration with Barlow Research Associates. Following the 2024 presidential election, survey results found that commercial business sentiment had not only improved when compared to Q3 2024, but reached the highest sentiment index score, 112.9, recorded in the past four years (up from 102.3 in Q3 2024). Between November 15 – November 22, 2024, 307 commercial companies with annual revenues ranging from $10 million to $500
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February 04, 2025 @ 08:07 AM
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eCapital announced the appointment of Akshay Lazarus as Chief Product Officer, bringing extensive expertise in AI strategy, product innovation, and digital transformation. Lazarus joins in this critical role as eCapital continues to advance its solutions for the SMB market, reinforcing its commitment to empowering businesses with faster access to capital.A recognized leader in the sector, Lazarus has led large-scale digital initiatives at globally renowned companies. Most recently, as General
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February 04, 2025 @ 08:05 AM
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nFusion Capital announced that senior construction financing specialist Curtis Powell has joined their team as Senior Vice President of Business Development. Powell will lead efforts to cultivate and maintain client and referral relationships in the construction industry across the United States to support business development efforts and ensure alignment with nFusion Capital’s business objectives. He will be headquartered in our Knoxville, TN office. “Curtis' deep experience in construction
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February 04, 2025 @ 08:03 AM
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Mitsubishi HC Capital America has identified five trends that are likely to play a significant role in shaping the construction industry in 2025. “Economic growth remains at the forefront of industry discussions,” says Chris Johnson, Senior Vice President of construction lending at Mitsubishi HC Capital America. “However, this year may mark a turning point. As markets adjust to evolving conditions and technological advancements, cautious optimism is taking hold.”
Digital Transformation:
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February 04, 2025 @ 08:00 AM
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