John Hancock, Marathon Asset Management Launch Asset-Based Lending Fund

John Hancock Investment Management and Marathon Asset Management launched John Hancock Asset-Based Lending Fund, which will invest at least 80% of its net assets in asset-based lending investments.

July 13, 2022 Andrew G. Arnott | Bruce Richards | John Hancock Asset-Based Lending Fund | John Hancock Investment Management | Marathon Asset Management Rita Garwood

First Eagle Alternative Credit Provides $20MM Term Loan to Nicole Miller

First Eagle Alternative Credit, the alternative credit platform of First Eagle Investments, provided a $20 million term loan to Nicole Miller, a global fashion and lifestyle brand.

July 13, 2022 First Eagle Alternative Credit | First Eagle Investments | Gordon Brothers | Larry Klaff | Nicole Miller | Tobias Nanda Rita Garwood

Biz2Credit: Small Business Loan Approval Rates Rose Slightly in June 2022

Small business loan approval percentages at big banks inched upwards from 15.3% in May to 15.4% in June, while small banks’ approvals also rose from 20.9% in May to 21.1% in June, according to the latest Biz2Credit Small Business Lending Index.

July 13, 2022 Biz2Credit | Biz2Credit Small Business Lending Index | loan approvals | Rohit Arora | Small Business Lending Rita Garwood

CIT Hires Samuels as Business Development Officer

CIT, a division of First Citizens Bank, hired Geoffrey Samuels as a business development officer in its Asset-Based Lending business.

July 13, 2022 Asset Based Lending | Chris Esposito | CIT | First Citizens Bank | Geoffrey Samuels Rita Garwood

Carlyle Global Credit Agents $275MM Credit Facility Refi for The Carlstar Group

Carlyle Global Credit led a $250 million refinancing in support of American Industrial Partners’ portfolio company The Carlstar Group.

July 13, 2022 American Industrial Partners | Carlyle Global Credit | The Carlstar Group Rita Garwood

Stellus Capital Provides Unitranche Financing to Support Baker Manufacturing Acquisition

Affiliates of Stellus Capital Management provided senior debt financing and an equity co-investment to support Blue Sage Capital’s acquisition of Baker Manufacturing Company.

July 13, 2022 Baker Manufacturing Company | Blue Sage Capital | Gavin Roseman | Jonathan Pearce | Stellus Capital Management Rita Garwood

William Blair Adds Alpert to Continue Private Capital Advisory Expansion

William Blair added Gage Alpert to the Private Capital Advisory investment banking practice. Alpert joins as a director in New York, where he will work with clients on secondary solutions and direct equity capital-raising.

July 13, 2022 Gage Alpert | Mike Custar | Private Capital Advisory | William Blair Rita Garwood

VSS Capital Partners Appoints Hutchings as Senior Advisor

VSS Capital Partners, a private investment firm investing in healthcare, business services and education, added W. Preston Hutchings as senior advisor.

July 13, 2022 Jeffrey Stevenson | VSS Capital Partners | W. Preston Hutchings Rita Garwood

Horizon Technology Finance and Trinity Capital Provide Additional $20MM Venture Loan to Nexii

Horizon Technology Finance and Trinity Capital provided an additional $20 million venture loan to Nexii Building Solutions, a green construction company that designs and manufactures low carbon buildings and products.

July 13, 2022 Gerald A. Michaud | Horizon Technology Finance | Nexii | Ron Kundich | Stephen Sidwell | Trinity Capital Rita Garwood

Irontrax Adds Wilichowski to Appraisal Staff

Rick Wilichowski joined the Irontrax team from Gordon Brothers/AccuVal Associates. Wilichowski brings a wealth of knowledge from his more than 30 years in the appraisal business.

July 13, 2022 AccuVal Associates | Gordon Brothers | Irontrax | Rick Wilichowski Rita Garwood