News

American credit specialist CIFC launched a UCITS fund with commitments of over £50 million ($65.8 million) as it builds its presence in Europe.

King Trade Capital provided a new $8 million trade finance facility to a California-based home goods and party supply company that has a fast-growing relationship with one of the world’s largest online retailers.

The CFO Alliance, a membership network of more than 7,000 CFOs and qualified finance executives, released its 9th annual CFO Sentiment Study to provide insights into the strategic planning and financial outlook of CFOs for 2019.

Turnaround specialist James Mesterharm, a managing director at AlixPartners, has been tapped to lead restructuring efforts during PG&E’s soon-to-be-filed bankruptcy, according to sources talking Reuters.

Par Funding developed a factoring agreement with Quantum Builders, a registered service-disabled-veteran-owned company. Par Funding provided funds for the company in exchange for its accounts receivable.

Tradewind provided a $500,000 non-recourse export factoring facility to a leading designer, manufacturer and exporter of technical tubes and hoses based in Spain.

TradeCap Partners closed a $325,000 production finance facility to support a Michigan-based government contractor with a $635,000 fixed-price contract award.

Capital Now provided a $200,000 credit facility to a commercial electrician company located in Alberta.

Car app company Fair closed a $50 million debt facility with Silicon Valley Bank. The funds will be used to buy cars for the company’s users as it begins to scale globally.

Great American Group named Drew Jakubek and Bill Soncini national marketing managers of the firm’s Advisory and Valuation Services business.