NACM’s November Credit Managers’ Index Eases Growth, Still Positive

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.

December 1, 2020 Chris Kuehl | NACM Ellie Delany

Gibraltar Provides $130.5MM in New Commitments During COVID-19 Pandemic

Asset-based lender Gibraltar Business Capital closed 12 transactions and $130.5 million in new commitments in the past nine months since COVID-19 was declared a pandemic.

December 1, 2020 Gibraltar Business Capital Ellie Delany

Black Olive Capital Launches as Inventory/PO Lending Platform

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.

November 30, 2020 Black Olive Capital | Carlos D. Gomez Ellie Delany

TD Bank Named to the Dow Jones Sustainability World Index for the Seventh Consecutive Year

For the seventh consecutive year, TD Bank was listed in the DJSI World Index, a benchmark for environmental, social and economic performance.

November 30, 2020 Andrea Barrack | Bharat Masrani | DJSI World Index | TD Bank Ellie Delany

Canadian Issuers and Investors Differ on Sustainable Finance Priorities, Progress

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.

November 30, 2020 Dan Leslie | HSBC Bank Canada Ellie Delany

BMO Ranked Among Most Sustainable Companies by Dow Jones

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.

November 30, 2020 BMO Financial Group | Simon Fish Ellie Delany

Varagon Capital Partners Provides Senior Secured Credit Facility to DataLink

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.

November 25, 2020 BC Partners Credit | Comvest Partners | DataLink Software | DWS | Kevin Steele | Kumber Husain | Russell Cassella | Varagon Capital Partners Phil Neuffer

400 Capital Management Hires Barton as Senior Portfolio Manager of CRE, CMBS

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.

November 25, 2020 400 Capital Management | Chris Hentemann | Quinn R. Barton III Phil Neuffer

H.I.G. Capital Closes H.I.G. Europe Capital Partners III at $1.3B (€1.1B)

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).

November 24, 2020 H.I.G | Jordan Peer | Sami Mnaymneh | Tony Tamer | Wolfgang Biedermann Ellie Delany

Tiger Group Sets Auctions for Remaining $7MM Medical Supplies Inventory

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.

November 24, 2020 American Medical Depot | Tiger Group Ellie Delany