Inovatec Partners with Lightico to Deliver Digitally Complete Customer Journeys for Lenders

Inovatec Systems, a provider of cloud-based software solutions for lenders, reached an agreement with Lightico, a software-as-a-service platform, to deliver digitally complete customer journeys to lenders in North America.

May 27, 2022 Inovatec Systems | Lightico | Vlad Kovacevic | Zviki Ben Ishay Ian Koplin

LPA Hires Malka to Lead Expansion into US

LPA, a capital markets technology and advisory firm, will expand into the United States, with Serge Malka joining the firm as LPA US managing director. Malka will be responsible for the acceleration of LPA’s American operations with the opening of a new office in New York.

May 26, 2022 Blythe Masters | LPA | Peter Schurau | Serge Malka Ian Koplin

Angelo Gordon Closes AG Credit Solutions Fund II with $3.1B of Equity Commitments

Angelo Gordon closed the AG Credit Solutions Fund II with $3.1 billion of equity commitments, exceeding the fund’s $3 billion target in seven months from the initial opening to final close. 

May 25, 2022 AG Credit Solutions Fund II | Angelo Gordon | Josh Baumgarten | Ryan Mollett Ian Koplin

Santa Cruz County Bank Launches ABL Division, Medina and Shodiss to Lead

Santa Cruz County Bank launched an asset-based lending division. Lee Shodiss will serve as senior vice president and director of the division, while Shelly Medina will serve as senior vice president and ABL operations manager for the division.

May 24, 2022 Krista Snelling | Lee Shodiss | Santa Cruz County Bank | Shelly Medina Ian Koplin

Phoenix Management Survey Says Supply Chain Disruptions and Inflation are Biggest Fears

According to Phoenix Management’s Q2/22 Lending Climate in America survey, supply chain disruptions and continued inflation are the biggest concerns for consumers and the U.S. economy.

May 23, 2022 Michael Jacoby | Phoenix Management Ian Koplin

CohnReznick Launches Gamechangers in ESG Awards Program

CohnReznick launched a new awards program to recognize U.S.-based businesses that are “changing the game” through their commitment to environmental, social and governance strategies and practices.

May 20, 2022 CohnReznick | David Kessler | Gamechangers in ESG Awards | John Alfonso | Mark Hooley Ian Koplin

Lawrence Financial Funds $30MM in Q1/22

Lawrence Financial funded $30 million in deals during Q1/22, including $10 million in purchase order financing for a distributer of COVID-19 home test kits.

May 20, 2022 FSW Funding | Lawrence Financial Ian Koplin

ABI Honors Keen-Summit Capital Partners with Asset Sale of the Year Award

The American Bankruptcy Institute’s asset sales committee named Keen-Summit  Capital Partners the winner of the asset sale of the year award for its sale of the 6,400-acre Big Horn ranch in the Chapter 11 proceeding of Lighthouse Resources.

May 20, 2022 American Bankruptcy Institute | Big Horn Coal Company | Century 21 BHJ Realty | Harold Bordwin | KCP Properties | Keen-Summit Capital Partners | Matthew Bordwin | Rosebud Coal Sales Company Ian Koplin

CIT Provides $30MM for Arizona Apartment Complex Acquisition

CIT’s real estate finance business provided $30 million for the acquisition of Madison Grove Apartments, a 171-unit multi-family complex located in the north Phoenix area, by Brass Enterprises.

May 19, 2022 Aryeh Berger | Brass Enterprises | Chris Niederpruem | CIT Ian Koplin

Great Plains National Bank Utilizes Jack Henry’s A/R Financing Program

Great Plains National Bank has been leveraging Jack Henry’s accounts receivable financing program, BusinessManager, to create additional revenue opportunities for local businesses and assist with COVID-19 pandemic recovery.

May 19, 2022 BusinessManager | Gary Lewis | Great Plains National Bank | Jack Henry | Mandell Greteman Ian Koplin