The November Credit Managers’ Index from the NACM decreased slightly after hitting a 15-year high in October. The overall score of 57.9, which was down half a point from October, is the second-highest reading in the last 12 months.
Black Olive Capital launched its intelligent inventory and purchase order lending platform. Black Olive will provide businesses with $500,000 to $10 million of liquidity based on inventory or purchase orders. Carlos D. Gomez co-founded the company and will serve as president.
According to a survey from HSBC, 98% of Canadian issuers factor sustainability into their practice. While issuers and investors reported common ground on investment opportunities in infrastructure investment, the two groups differ when it comes to clean power technology.
BMO Financial Group ranked in the 91st percentile of banks globally on the Dow Jones Sustainability Indices. The DJSI is a set of best-in-class benchmarks for investors who recognize that sustainable business practices are critical to generating long-term shareholder value.
DataLink Software raised a senior secured credit facility led by Varagon Capital Partners, with participation from Comvest Partners and BC Partners Credit. In addition, DataLink received a growth investment from an investor group led by DWS’s global private equity business.
400 Capital Management, a $4.4 billion alternative credit asset manager, hired Quinn R. Barton III to expand its investments in commercial real estate finance. Barton, formerly a managing partner at Carmel Partners, joined as a senior portfolio manager of CRE and CMBS.
H.I.G. Capital, a global alternative asset management firm, closed its third European lower middle market fund, H.I.G. Europe Capital Partners III, with aggregate capital commitments of $1.3 billion (€1.1 billion).
Tiger Group will host online auctions on Dec. 2 and Dec. 16 for the remaining $7 million of its inventories of disposable and durable medical supplies plus other assets from two East Coast facilities operated by American Medical Depot, a distributor of medical equipment.