Finacity and PNC Facilitate $26.6MM Receivables Securitization for Global IT Services Company

Finacity and PNC Bank launched a trade receivables securitization for a U.S.-headquartered technology support company. The securitization program will allow the company up to $25 million in senior funding provided by PNC, while Finacity will provide up to $1.6 million in junior funding.

October 22, 2021 Finacity | PNC Bank | White Oak Ian Koplin

ButcherJoseph Advises Haberfeld Partners on Senior and Junior Debt Refinancing

ButcherJoseph advised Haberfeld Partners on a senior and junior debt refinancing transaction. The transaction, which closed on June 30, marks the third closed deal between ButcherJoseph and Haberfeld.

August 5, 2021 ButcherJoseph | David Furnace | David Lake | Haberfeld Partners Ian Koplin

Lawrence Financial Group Closes $50MM in Financing in Q2/21

Lawrence Financial Group closed $50 million in financing during Q2/21, including $12.5 million in subordinated debt to an e-commerce seller of toner and printer ink products that wanted to keep its bank line but needed additional capital for its expansion.

August 5, 2021 Lawrence Financial Group Ian Koplin

PGIM Private Capital Provides Almost $6.5B in Senior Debt and Junior Capital in H1/21

PGIM Private Capital provided nearly $6.5 billion of senior debt and junior capital to more than 100 middle-market companies and projects globally in the first half of 2021, marking the company’s second largest first-half origination volume over the past decade.

July 16, 2021 Allen Weaver | PGIM Private Capital | Rougaroux Power Holdings | South West Water | ZircoDATA Ian Koplin

Penfund Provides $90MM Second Lien Credit Facility to Gastro Health

Penfund completed a second lien debt and equity co-investment in Gastro Health. Penfund is the lead investor for a $90 million second lien credit facility and also invested $10 million in equity, both of which supported the acquisition of Gastro Health by OMERS Private Equity.

July 9, 2021 Adam Breslin | Gastro Health | Jeremy Thompson | OMERS Private Equity | Penfund Ian Koplin

Patriot Capital Promotes Bilbrough to VP

Patriot Capital, a multi-strategy middle market investment firm, promoted Sean Bilbrough to vice president, effective immediately. Bilbrough joined Patriot Capital in June 2018 as a senior associate.

July 6, 2021 Patriot Capital | Sean Bilbrough | Tom Holland Ian Koplin

Audax Arranges Financing to Support QuantiTech & Millennium Engineering Company Merge

Audax Private Debt acted as administrative agent and co-lead arranger on a second lien credit facility to support the merger of QuantiTech and Millennium Engineering and Integration Company.

February 12, 2021 Audax Private Debt | QuantiTech | Sagewind Capital | Shehzad Ajmal | Steve Lefkowitz Phil Neuffer

Morgan Stanley Arranges Junior Capital Financing for Talent Systems

Morgan Stanley Private Credit served as co-lead arranger on junior capital securities for Caltius Equity Partners’ portfolio company, Talent Systems, to refinance existing debt and support the company’s acquisition of Spotlight Unlimited.

January 14, 2021 Alex Amin | Ashwin Krishnan | Bill Gassman | Caltius Equity | Garrick Ahn | Morgan Stanley Private Credit | Rafi Gordon | Spotlight Unlimited | Talent Systems Phil Neuffer

PGIM Private Capital Raises $2.23B for Sixth Mezzanine Fund

PGIM Private Capital completed fundraising for PGIM Capital Partners VI with capital commitments of $2.23 billion.

December 22, 2020 Allen Weaver | Jeff Dickinson | L.P. | PGIM Capital Partners VI | PGIM Private Capital Phil Neuffer

Audax Private Debt Agents Second Lien Credit Facility for Innovetive Petcare

Audax Private Debt acted as agent and sole lead arranger on a second lien credit facility to support add-on acquisitions and refinancing for Metalmark Capital’s portfolio company, Innovetive Petcare.

December 18, 2020 Audax Private Debt | Howard Hodden | Innovetive Petcare | Metalmark Capital | Shehzad Ajmal Phil Neuffer