MassMutual made an investment to become a minority equity owner in ATLAS SP Partners, the. warehouse finance and securitized products business of Apollo. As part of the commitment, MassMutual also agreed to invest in Apollo’s asset-backed finance franchise.
Insurance brokerage PCF Insurance Services closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and administrative agent for the transaction.
Blackstone appointed Dan Leiter head of international for Blackstone Credit and Insurance and Michael Carruthers European head of private credit. Leiter will lead the activity and expansion of the organization in EMEA and APAC regions.
According to a survey of more than 50 independent financial advisors conducted by alternative investment platform Crystal Capital Partners, there is a growing demand for private credit strategies among independent financial advisors.
B. Riley Securities served as exclusive financial advisor to GCT Semiconductor, a fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions, in connection with its approximately $667 million business combination with Concord Acquisition Corp III.
Law firm Stradley Ronon launched an office in Southern California, marking the firm’s ninth office and first on the West Coast. The office, which is located in Long Beach, CA, will be led by partner-in-charge Esther E. Cho, who previously served as chair of Keesal, Young & Logan’s executive committee.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the future growth of Epika Fleet Services, an existing portfolio company of Trivest Partners.
Real estate lender Hilco Real Estate Finance appointed Alexey Shokin senior business development consultant and promoted Patrick Davenport-Jenkins to the role of vice president.
SLR Digital Finance funded a $500,000 accounts receivable credit facility for a digital media startup that provides programmatic advertising services. The funding will strengthen the company’s working capital position as it begins working with larger agencies with longer payment terms.
Wingspire Equipment Finance provided a $25 million equipment leasing commitment to a global automotive supplier to support its growth and capital expenditure initiatives.