News

Lorie K. Rupp, executive vice president and chief risk officer, will retire from First Citizens BankcShares following an exemplary 13-year career at the bank and more than 30 years in the financial services industry. BancShares plans for Tom Eklund, current...

The board of directors of First Financial Bank, subsidiary of First Financial Bankshares, made multiple promotions as part of its ongoing management succession, which management and the board have been working on for several years. James Alexander has been promoted...

New Mountain Capital, a growth-oriented alternative investment firm headquartered in New York, closed $1.2 billion for its second non-control private equity fund, New Mountain Strategic Equity Fund II, and its related vehicles. Investor demand for SEF II exceeded the fund’s...

EverGen Infrastructure closed its previously announced $13 million asset-level debt facility with Farm Credit Canada (FCC) through its wholly owned subsidiary Fraser Valley Biogas (FVB), repaid the majority of the company’s corporate debt facility and closed the second tranche of...

KORE Capital, a provider of accounts receivable–based working capital solutions, closed a new financing facility to support the growth of a small business owner who sought greater flexibility and capacity than their existing senior credit relationship allowed. The entrepreneur, who...

David Turner, chief financial officer of Regions Financial, will retire March 31 following a nearly 40-year career in auditing and finance, including 20 years of service at the bank. Regions Bank veteran Anil Chadha, who currently serves on Turner’s finance...

Rami Turayhi has joined Milbank’s New York office as a partner in the firm’s corporate/M&A group, with a focus on investment funds and asset management. “We warmly welcome Rami to Milbank,” Scott A. Edelman, chairman of Milbank, said. “Rami is...

Obra Capital, an asset management firm with a specialized approach to alternative investing, closed its third collateralized loan obligation (CLO) offering (Obra CLO 3) of over $450 million, to be managed by Obra CLO Management. Since launching its CLO platform in...

Lendscape appointed Brett Promisel as CEO following an extensive, global search process. Promisel joins Lendscape with more than 30 years’ experience leading global technology and financial services organizations, with a strong track record of driving growth, operational excellence and transformational...

Middle-market private companies in the Golub Capital Altman Index grew earnings by 3% year-over-year in the fourth quarter of 2025. Revenue grew 2% during the same period. Lawrence E. Golub, CEO of Golub Capital, said, “Middle market companies demonstrated steady...