iCapital Network, the financial technology platform democratizing alternative investments, announced that The Carlyle Group has invested in the company as a strategic partner.
Wells Fargo and a group of institutional investors, including funds affiliated with BlackRock and PIMCO, reached a settlement that resolves two class action lawsuits.
Certain funds managed by Athyrium Capital Management and Highbridge Capital Management provided a facility consisting of $50 million in new secured first lien term loans and $22.5 million of new secured term loans to Novelion Therapeutics, a biopharmaceutical company.
PennantPark Floating Rate Capital upsized its credit facility led by SunTrust Robinson Humphrey to $520 million from $405 million.
Two River Community Bank announced the addition of Jeff Halverstadt as vice president and commercial loan officer serving the central and northern New Jersey area. Halverstadt brings more than 30 years of commercial banking experience to Two River Community Bank.
Funds managed by affiliates of Apollo Global Management and GE Capital reached an agreement where Apollo will acquire a $1 billion equity portfolio from GE Capital’s Energy Financial Services unit.
The Federal Reserve raised the target range for the federal funds rate to 2% to 2-1/4% in view of realized and expected labor market conditions and inflation.
LBC Credit Partners provided senior secured credit facilities to Huron Capital to support the refinancing of Drake Automotive Group and the add-on acquisitions of Proforged and DV8.