News

Credit Acceptance completed a $600 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company conveyed loans having a value of approximately $750.2 million to a wholly owned special purpose entity which will transfer the loans to a trust.

British Columbia Investment (BCI) has entered into a definitive agreement with Arctos Partners to sell its majority stake in Hayfin Capital Management. Following completion of the transaction, BCI will remain a limited partner in certain key Hayfin fund strategies.

Zeta Global, an AI-powered marketing cloud, released its Zeta Economic Index (ZEI) for September 2024. The ZEI’s primary measure of U.S. economic health, the economic index score, registered 69.1 points, which represents a modest month over month increase of 1%...

Continued growth is driving the recent addition of a portfolio strategist and the impending additions of a wealth consultant and two private bankers to the First Citizens Wealth team as it expands its capacity to help clients meet their financial...

Haynes Boone secured victories for EagleView in two separate patent disputes. Partner Greg Webb led the team in defending EagleView’s patents in both cases, resulting in favorable rulings that protect key intellectual property rights related to geospatial technology.

HarbourVest Partners, a global, independent private markets asset manager, closed its eleventh dedicated private equity secondaries fund, Dover Street XI. The fund was oversubscribed and closed at its hard cap of $15.1 billion, including the general partner’s commitment.

Orchids Paper Products has entered into an option agreement with Orchids Investment. The option gives the company the right to execute an asset purchase agreement with OI, through which, should the company exercise the option, OI would acquire substantially all...

Wingspire Equipment Finance, a large-ticket equipment finance company, completed its inaugural asset-backed securitization (ABS), WEF 2024-1.

Customers can donate to wildfire relief efforts through bank’s California ATMs

Commercial Credit, the parent company of Commercial Credit Group, Commercial Funding and Keystone Equipment Finance, has been named to the Business North Carolina Mid-Market Fast 40 List for the 12th year.