Big Cypress Capital, an SB360 Capital Partners affiliate, along with 4 Rivers Property Group and Declaration Partners, formed a joint venture to develop ground-up Class A self-storage facilities in high-growth markets throughout the Southeast.
U.S. Bank launched a new cross-business initiative to serve healthcare practices with up to $25 million in annual revenue, appointing Joe Persichetti head of healthcare business banking to lead the effort.
Blackstone integrated its corporate credit, asset-based finance and insurance groups into a single new unit, Blackstone Credit & Insurance. The new structure is meant to accelerate growth by creating a more seamless experience for clients and borrowers.
H.I.G. Capital closed H.I.G. Middle Market LBO Fund IV. The fund closed with aggregate capital commitments of $5.5 billion in addition to co-investment separately managed accounts of $450 million, significantly exceeding its original target.
Small business loan approval percentages at big banks (more than $10 billion in assets) fell from 13.3% in July to 13.2% in August, according to the latest Biz2Credit Small Business Lending Index. Big bank lending to small businesses has now dipped every month since June 2022.
Solifi was named among the top 100 on the International Data Corporation’s 2023 FinTech Rankings. Now in its 20th year, this annual vendor ranking program recognizes the world’s top 100 hardware, software and service providers to the financial services industry.
According to new research from Kroll Bond Rating Agency, private asset-backed securities as a proportion of KBRA’s total ABS rating assignments have routinely approached or exceeded 25% of the transaction mix dating back to 2020.
Lendscape, a technology provider for secured finance, and Lenvi Riskfactor, a provider of risk and fraud analytics for commercial finance, teamed up to offer enhanced digital risk management for finance providers across its entire lending operation.