Mountain Ridge Capital announced the promotions of Tree Buckingham, Matt Salatti, and Will Tyler. Buckingham will take over as Chief Operating Officer managing operations and IT for MRC and sister factoring company, Alpine Ridge Funding (“Alpine”). Salatti was promoted to Chief Financial Officer, now leading all financial strategy and supervising financial reporting. Tyler’s new role of Managing Director of Underwriting has Tyler overseeing underwriting for both the MRC and Alpine team. With
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January 17, 2025 @ 08:15 AM
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Percent, a platform powering the modern private credit marketplace, released their 2025 Private Credit Outlook. This annual report highlights how private credit is one of the most resilient and dynamic asset classes in global finance, nearing $2 trillion in market size. Amidst macroeconomic shifts seen in 2024 – from the Federal Reserve’s cautious rate cuts to a contentious U.S. presidential election and heightened, evolving geopolitical tensions – private credit has demonstrated unparalleled
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January 17, 2025 @ 08:10 AM
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An internationally recognized food producer encountered a once-in-a-lifetime opportunity to purchase a competitor's facility. Strategically located, the facility offers potential savings in both distribution and logistical costs while also providing a major boost in production.The deal became available at a competitive price through a business relationship, and the client needed to act fast, within 20 days, to secure the opportunity before it went to market.The company had a lender willing to
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January 17, 2025 @ 08:09 AM
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Trinity Capital committed $12.5 million in growth capital to Upward Health, an in-home, multidisciplinary medical group providing 24/7 whole-person care.The company partners with health plans and other risk-bearing entities to address the unique needs of high-risk, high-need patients, delivering care that aims to improve health outcomes and quality of life. Upward Health was ranked number 7 on the 2023 Inc. 5000 list of the fastest-growing private companies in the United States, and number 6 on
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January 17, 2025 @ 08:08 AM
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Maturity walls over the next two years will require many non-bank financial institutions (NBFIs) to remain active in issuing new debt in order to manage refinancing risk and retain funding flexibility, according to Fitch Ratings in a new report.Spread tightening in 2024 and Fed interest rate cuts late in the year helped spur NBFIs to tap the debt markets more frequently, a trend Fitch expects will continue and that is particularly noteworthy for business development companies (BDCs), according
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January 17, 2025 @ 08:08 AM
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eCapital extended a $35 million factoring facility to a prominent logistics provider. This funding unlocks essential working capital, enabling the client to address financial challenges and strengthen its role in the global supply chain.The logistics company, which specializes in optimizing the container supply chain to facilitate international trade, has faced significant pressures over the past two years. These challenges reflect industry-wide declines in sales and rising operational costs.
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January 17, 2025 @ 08:04 AM
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Altriarch Asset Management announced the successful closing of a $12.5 million senior secured revolving facility for RLTYco, Inc. (“RLTY”). The two year loan, which has an option to extend an additional year, will give RLTY the ability to expand its portfolio and enhance its innovative financial offerings for real estate professionals, brokerages and developers.Danielle Brown, General Partner at Altriarch, commented on the partnership stating, “We are thrilled to support RLTY as they continue to
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January 17, 2025 @ 07:21 AM
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Buchalter announced the opening of its newest office in Chicago, Illinois with addition of lawyers and staff of the Chicago office of Robbins DiMonte, Ltd joining Buchalter. The Chicago office has 25 attorneys and support staff, including Shareholders Thomas Jefson, Steven Jakubowski, Patrick Owens, David Resnick, R. Kymn Harp, James Mainzer, Justin Weisberg, and Thomas Yardley Jr. Joining them are Jennifer Barton, Emily Kaminski, Teresa Minnich, Christine Walsh, Marko Van Buskirk, Timothy
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January 17, 2025 @ 07:00 AM
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The Goldman Sachs Group announced several actions to better serve corporate and investor clients and grow its business in private credit, private equity and other asset classes. The firm is creating the Capital Solutions Group, which will combine and grow its comprehensive suite of financing, origination, structuring and risk management solution activities in Global Banking & Markets. The firm will also expand its alternatives investment team in Asset & Wealth Management to ensure the best
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January 16, 2025 @ 08:15 AM
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JOANN Inc., the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate a sale process to maximize the value of its business. JOANN stores and JOANN.com are open in the ordinary course and continue to serve customers. Team Members are continuing to receive pay and benefits.
Previously on ABL Advisor: JOANN Emerges from Restructuring
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January 16, 2025 @ 08:12 AM
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Apollo and Standard Chartered PLC announced a long-term strategic partnership to support and accelerate financing for infrastructure, clean transition and renewable energy globally, leveraging the leading origination and distribution capabilities of both firms.As part of the agreement, Standard Chartered and Apollo Clean Transition Capital (“ACT Capital”), a sustainable investing platform, plan to contribute up to US$3 billion of clean energy and transition financing across a range of asset
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January 16, 2025 @ 08:10 AM
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Garrington Capital announced the appointment of Tammy Kemp to the position of President of Garrington.“Tammy's strategic vision and commitment to excellence make her the ideal leader to drive Garrington's continued growth and success," said Toreigh Stuart, Managing Director, Garrington.Since joining Garrington in 2016, Kemp has played a pivotal role in shaping the firm’s credit and risk strategy. In her most recent role as Executive Vice President and Chief Credit Officer, she was responsible
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January 16, 2025 @ 08:05 AM
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Colbeck Capital Management raised $700 million in capital commitments for its third flagship fund, Colbeck Strategic Lending III (the “Fund” or “CSL III”), exceeding its target by 40%. The Fund received strong support from both existing Colbeck clients and new investor relationships globally, including public and private pensions, insurance companies, endowments, foundations, consultants, registered investment advisors and family offices. The Fund’s successful final close brings Colbeck’s
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January 16, 2025 @ 08:03 AM
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MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced the closing of $73,200,000 in total bridge and working capital financing for a portfolio of seniors housing and healthcare properties across Ohio. The $64,700,000 floating-rate senior bridge loan will be used by the sponsorship group, a repeat client of MonticelloAM, to recapitalize the existing debt on the portfolio, consisting of independent living, assisted living, and skilled nursing properties.
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January 16, 2025 @ 08:01 AM
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AlixPartners announced that David Garfield and Rob Hornby have been appointed to serve as Co-Chief Executive Officers, effective February 1, 2025. The new Co-Chief Executives, both of whom are currently in senior leadership roles at AlixPartners, were selected following an extensive process, which considered a range of internal and external candidates.David and Rob succeed Simon Freakley, who has served as Chief Executive Officer since 2015. Simon has become the Executive Chairman of
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January 16, 2025 @ 08:00 AM
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