Big Cypress Capital, 4 Rivers Property Group and Declaration Partners Form Joint Venture

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.

September 19, 2023 4 Rivers Property Group | Aaron Miller | Big Cypress Capital | Declaration Partners | Max Mazzone Ian Koplin

TAB Bank Celebrates 25 years of Providing Financial Solutions

TAB Bank is celebrating 25 years of providing financial solutions for businesses, families and individuals across the U.S.

September 18, 2023 Rick Bozzelli | TAB Bank Ian Koplin

U.S. Bank Launches Initiative to Serve Healthcare Practices, Persichetti to Lead

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.

September 15, 2023 Dee O’Dell | Joe Persichetti | U.S. Bank Ian Koplin

Blackstone Integrates Asset-Based Finance, Insurance and Corporate Credit Groups into Single Unit

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.

September 14, 2023 Beth Chartoff | Blackstone | Brad Marshall | Dwight Scott | Gilles Dellaert | Heather von Zuben | Ida Hoghooghi | Jonathan Pollack | Michael Zawadzki | Rob Camacho | Rob Horn | Rob Zable | Will Skinner Ian Koplin

H.I.G. Capital Closes $5.5B Middle-Market LBO Fund IV

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.

September 13, 2023 H.I.G. Capital | Jordan Peer Griffin | Keval Patel | Sami Mnaymneh | Tony Tamer Ian Koplin

eCapital Secures ABL Deals Exceeding $160MM in Recent Transactions

eCapital reported a summer surge in deals within its asset-based lending group, securing a combined aggregate value exceeding $160 million in new facility commitments.

September 13, 2023 eCapital | Marius Silvasan Ian Koplin

Small Business Loan Approval Rates Continue to Slide at Big Banks

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.

September 12, 2023 Biz2Credit | Rohit Arora Ian Koplin

Solifi Named on 2023 IDC FinTech Top 100

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.

September 11, 2023 David Hamilton | International Data Corporation | Marc DeCastro | Solifi Ian Koplin

KBRA: Private Credit ABS Volume Continues at Healthy Clip

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.

September 11, 2023 Ian Koplin

Lendscape and Lenvi Riskfactor Announce New Partnership

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.

September 11, 2023 Lendscape | Lenvi Riskfactor | Richard Carter Ian Koplin