Finitive Launches Online Lending Platform with $1.3B

Fintech company Finitive launched its zero-fee alternative lending investment platform. It received commitments for transactions with an aggregate capacity of $1.3 billion.

Energy Industry Vets Launch Madava Finance, Close 1st Transaction

Industry veterans Robb Turner and Mark Green launched Madava Financial to provide direct loans to energy companies. Madava closed its first transaction – a $100 million unitranche debt facility for XRO Energy. Madava also completed an ABL facility with Goldman Sachs.

Piper Jaffray Launches MM Lending Arm With $1B Equity

Piper Jaffray formed Piper Jaffray Finance, a wholly owned lending subsidiary that will provide committed debt facilities for middle-market clients based in North America.

Ablrate Launches New IFISA-Eligible Loan Product

Ablrate, a peer-to-peer ABL lender, launched a new IFISA-eligible loan product at 8% with no minimum term and no lock in. MTF received the first such loan in a facility of up to $6.9257 million.

Investors Bank Launches Equipment Finance Group

Investors Bank is launching an equipment finance group that will enhance its commercial and industrial lending capabilities with middle market companies. A seven-person team of equipment financing professionals, led by group leader Kenneth L. Walters, has joined the bank.

Sawyer to Lead New Ankura Trust Company

Ankura launched Ankura Trust, a newly formed New Hampshire-chartered non-depository trust company that will specialize in providing successor indenture trustee and loan agency services in distressed and default situations. David Sawyer will lead the new venture as CEO.

Breakout Capital Launches FactorAdvantage Hybrid Platform

Fintech lender Breakout Capital launched FactorAdvantage, a hybrid financing solution which enables factors and invoice financing lenders to expand their markets. Charleston Capital Management provided a $50 million credit facility to support the new platform.

Global Payout Launches Logistics Company SecurCapital

Global Payout launched its newly formed logistics subsidiary, SecurCapital. The new company will focus on supply chain finance logistics and will offer fintech services to the supply chain finance marketplace.

GA Telesis Launches Leveraged Finance Group

GA Telesis launched a new division called Leveraged Finance Group to provide secured aircraft financing for lessors, investors and airlines. GAT appointed David Lloyd and Nolan Heske as managing directors of LFG.

Umpqua Bank Hires Former KeyBanc Exec to Launch Capital Markets Unit

Umpqua Bank hired Chad Riddle, former director of investment banking at KeyBanc Capital Markets, to lead a new Capital Markets division as managing director.