PNC Financial Services and the TCW Group partnered to deliver private credit solutions to middle market companies. The new joint strategy will focus primarily on directly originated, senior secured cash-flow and asset-based loans to both sponsored and non-sponsored middle market companies.
Colbeck Capital Management welcomed Jared Talisman as a managing director and head of originations for the firm. Talisman most recently served as a managing director at Principal Alternative Credit, where he led and managed the sourcing, structuring and due diligence of non-sponsored private credit investments.
Western Alliance Bancorporation promoted Jocelyn Lynch to the President and CEO of Western Alliance Trust. Lynch brings tremendous experience to her elevated role, having served previously as managing director in the corporate trust group at Western Alliance Trust.
Grant Thornton appointed Arla Lach to lead the Chicago market, succeeding Mark Sullivan, who is retiring after more than 14 years with the firm. In this role, Lach will lead nearly 1,000 professionals, helping them provide service to the firm’s clients across the country.
BizCap, a commercial finance firm established in 2002, helped Quady Winery, a family-owned operation in Central Valley, CA, secure an $11 million term loan and a $6 million line of credit to recapitalize and refuel future strategic growth initiatives.
LSQ originated twin $1 million accounts receivable finance facilities, totaling to $2 million, for sister software firms. The additional working capital will be used to support new growth and an expanded client base.
Aircraft Engine Lease Finance (AELF) completed a $40 million credit facility with Merchants Bank. The credit facility is collateralized, in part, by four of the company’s ten A330-200s.
Flushing Financial, the parent holding company for Flushing Bank, added a dedicated team to expand SBA lending nationwide. This initiative underscores the company’s commitment to fostering economic growth and providing tailored financial solutions to small businesses.
Brookfield Asset Management and Castlelake entered into an agreement whereby Brookfield will acquire a 51% stake in Castlelake’s fee-related earnings. The amount of capital to be invested will be approximately $1.5 billion.
Community Investment Management (CIM) closed a $75 million credit facility with Jeeves. In addition to supporting the company’s scaling, this financing will enhance Jeeves’ financial product suite in its primary Latin American markets: Brazil, Colombia and Mexico.