Private equity firms are heading into 2025 with increasing momentum, bolstered by favorable economic trends and renewed confidence in deal-making, according to BluWave’s Q4 2024 PE Industry Insights Report. This report offers data-driven analysis of private equity’s evolving priorities and highlights the strategies shaping the industry for the year ahead.“Private equity leaders are shifting from cautious defensive strategies to bold, forward-looking investments,” said Sean Mooney, founder and
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January 30, 2025 @ 08:15 AM
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Encina Private Credit (“EPC”) bolstered the size of the team with key hires during 2024, enabling the business to deliver strong new business volume growth of 74% in its first out enterprise value loan product, compared to 2023. Encina continued to partner with direct lenders and private equity sponsors to support portfolio companies with growth capital and finance add-on acquisitions. “We are pleased to announce the following additions to the Encina Private Credit team during this past year.
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January 30, 2025 @ 08:14 AM
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Trinity Capital announced the commitment of $25 million in growth capital to Wisetack, a leading pay-over-time platform for home services.Wisetack provides consumer financing for home services such as HVAC, plumbing, and pest control, allowing customers to quickly and easily set up pay-over-time options. Wisetack is integrated into the software tools that home service businesses already use, making it easy for the businesses to start offering their customers these flexible options."Wisetack
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January 30, 2025 @ 08:12 AM
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TAB Bank announced the addition of Steel Capital Management, a New York City-based finance company specializing in e-commerce solutions, to its portfolio of Lender Finance clients. TAB Bank has extended a $12 million credit facility to support Steel Capital Management as they provide capital solutions to accelerate growth for Direct-to-Consumer (DTC) companies.Steel Capital Management selected TAB Bank because of its expertise in lender finance, flexible financing structures, competitive cost of
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January 30, 2025 @ 08:00 AM
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PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced that its subsidiary, PKF Clear Thinking, will transition under the PKF O'Connor Davies name, effective January 29, 2025. PKF Clear Thinking's business lifecycle advisory solutions will be rebranded as "Turnaround and Restructuring Services" within PKF O'Connor Davies' Strategy and Transaction Advisory practice, reflecting the firm's ongoing commitment to delivering innovative and specialized
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January 30, 2025 @ 08:00 AM
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The national Citizens Business Conditions Index (CBCI) rose to 51.0 in the final quarter of 2024, bolstered by solid corporate revenue trends and sustained strength in the service sector. The reading indicates that business conditions improved modestly in the fourth quarter, as the Federal Reserve continued to lower interest rates and election-related uncertainty abated.While employment trends and new business growth were neutral to the index on a national level, severe weather events and labor
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January 30, 2025 @ 07:58 AM
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Antares Capital, an alternative credit manager with approximately $80 billion in capital under management and administration, announced the appointment of Olga Kosters as Managing Director, Head of Credit Secondaries.Kosters will help oversee the expansion of Antares’ Credit Secondaries investment strategy, which will focus on both GP-led and LP-led credit secondaries opportunities leveraging the firm’s extensive private credit and structuring expertise. Based in New York, Ms. Kosters reports to
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January 30, 2025 @ 07:50 AM
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First Citizens Bank announced that its Commercial Real Estate business has provided $47.7 million for Aspen College Park, a student housing facility at the University of Maryland in College Park. Owned by an affiliate of GTIS Partners and developed by Aspen Heights Partners, the facility is located at 4205 and 4206 Knox Road. It offers 129 units with a total of 432 beds and 136,135 rentable square feet and features various community amenities, including a resort-style pool and tanning booth, a
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January 30, 2025 @ 07:29 AM
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Gordon Brothers announced store closing sales are underway at all 93 Peavey Mart locations in Canada.The Canadian farm and ranch retailer is offering up to 30% off the original ticketed price on all agriculture, farm and ranch, work wear, lawn and garden, hardware and homesteading supplies and merchandise.“Peavey Mart has long been a staple in communities throughout Canada and is the go-to retailer for agricultural and home improvement supplies,” said Durien Sanchez, Managing Director, Retail at
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January 30, 2025 @ 07:00 AM
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Abacus Finance Group, a provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies, announced the promotions of Sean McKeever, who is a Founding Partner, from COO to President and Greg Scanlon from Associate to Senior Associate, and the hiring of Jeremy Pak as an Analyst.“Sean and Greg are key members of what has become one of the strongest investment teams in our industry. Additionally, as we enter our fourteenth year, our team’s experience
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January 30, 2025 @ 07:00 AM
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U.S. Bancorp announced that President Gunjan Kedia will become the company’s chief executive officer at the conclusion of the organization’s annual meeting of shareholders on April 15. Kedia also was elected to the company’s Board of Directors. Current Chairman and CEO Andy Cecere will serve as executive chairman, continuing to lead the Board of Directors and supporting Kedia as she assumes her new role.“One of the hallmarks of U.S. Bancorp is its thorough and measured approach to succession
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January 29, 2025 @ 08:15 AM
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Hilco Real Estate (HRE) has expanded New York City office with the addition of four seasoned real estate professionals, enhancing the firm's established presence in the Northeast region. Jeff Hubbard and Katie DeCoste join as senior managing directors and Christian Koulichkov as managing director, all focusing on asset disposition services. Additionally, Todd Eyler joins as senior vice president specializing in lease advisory services.Each new team member brings over two decades of experience in
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January 29, 2025 @ 08:08 AM
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Republic Business Credit announced the promotion of Bruce Sarver to Senior Vice President, Portfolio Manager of its Asset-Based Lending (ABL) Team. This promotion underscores Republic’s commitment to expanding its ABL portfolio and strengthening its position as a market leader in the middle and lower middle-market sectors.Bruce Sarver will report directly to Republic’s Chief Operating Officer, Matthew Begley. Sarver began his career in the secured finance and lending field in 2013 as an
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January 29, 2025 @ 08:03 AM
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On.Energy, one of North America’s fastest growing power asset owners and proven end-to-end integrator of battery energy storage projects, has closed construction credit facilities provided by Pathward and BridgePeak Energy Capital to build its 160 MWh Palo de Agua battery storage portfolio across the state of Texas. This new financing will allow On.Energy to accelerate its U.S. business growth, which already includes 80 MWh of operational assets in Houston and a combined 2 GWh+ of battery energy
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January 29, 2025 @ 08:01 AM
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Versana announced the addition of Bain Capital Credit as a subscriber to its centralized, digital data platform. Bain Capital is one of the world’s leading private investment firms specializing in corporate credit and has become the 13th top-tier financial institution to join Versana’s innovative platform.Bain Capital will directly benefit from Versana’s high-quality data offering, which will increase operational efficiencies and reduce costs. The firm is also an early adopter of the recently
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January 29, 2025 @ 08:00 AM
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