The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted gain of 3.57% for April. The gain in the reading highlights the quickened pace of hiring efforts as small businesses engage in increased economic activity.
Boundary Street Capital, a private credit investment manager focused exclusively on the digital infrastructure, enterprise software and technology services sectors, closed BSCP SBIC I, a credit fund with more than $330 million in capital commitments.
Monroe Capital became a signatory to the United Nations-supported Principles for Responsible Investment, which works to understand investment implications of environmental, social and corporate governance factors.
Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.
According to cumulative data for 2020 published in SFNet’s Annual Asset-Based Lending Survey, the $273.9 billion in total credit commitments by asset-based lenders in 2020 increased just 2% compared with the $268.6 billion in total credit commitments recorded for 2019.