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.
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.
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.
Carlyle Global Credit led a $250 million refinancing in support of American Industrial Partners’ portfolio company The Carlstar Group.
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.
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.
VSS Capital Partners, a private investment firm investing in healthcare, business services and education, added W. Preston Hutchings as senior advisor.
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.
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.