News

Platinum Credit Opportunities Funds (PCOF) and Ares Commercial Finance (ACF) provided financing to support Kingswood Capital Management’s acquisition of Daramic, a Charlotte, NC-based global leader in supplying polyethylene and phenolic resin-based battery separators to the lead battery industry. “This financing...

Scorpio Tankers received a commitment from Bank of America for a credit facility of up to $50 million. The credit facility will be used to finance two 2015 built LR2 product tankers, STI Rose and STI Alexis. The credit facility...

Obra Capital, a specialized alternative asset management firm, added Ashish Sinha as managing director, asset-based finance. He will support the firm’s asset-based opportunistic credit strategy out of the firm’s New York office, reporting to Matt Roesler, senior managing director and...

The following members of the American Bankruptcy Institute (ABI) were elected to leadership positions as officers and directors during ABI’s Annual Spring Meeting April 23 – 25 in Washington, D.C.: Stephen D. Lerner of Squire Patton Boggs (Cincinnati) has become...

CohnReznick, a professional services firm, added Hank Kahrs as a managing director in its restructuring and dispute resolution practice. Based in Los Angeles, Kahrs brings deep expertise in quantifying economic damages in complex cases, helping clients accurately understand and pursue...

Beach Mill Partners, a growth advisory and M&A firm, will join Tower Partners, a private investment bank and advisory firm serving the middle market. As part of the transaction, Mark McLindon, managing partner and founder of Beach Mill Partners, will...

Proskauer released its latest Private Credit Default Index, which tracks senior-secured and unitranche loans in the United States. The Index revealed a default rate of 2.73% for the period of January 1, 2026 – March 31, 2026. The rate represents...

The week ending April 25, 2026 underscored the bifurcated reality confronting middle market participants. Public equities pushed to record territory — the S&P 500 closed Friday at 7,165.08, a fresh all-time high4, and the index has now logged four consecutive...

Argo Fund Solutions, a provider of private capital fund administration services, appointed Ishita Shah as president and chief operating officer. In this role, Shah will partner closely with CEO Nikolaos Perros to lead Argo and drive its next phase of...

Valitana, a provider of analytics, workflow and portfolio management solutions for structured credit professionals, secured a growth equity investment from FTV Capital, a sector-focused growth equity firm with a strong track record of investing in high-growth financial technology companies. The...