News

Provident Bank, a New Jersey-based financial institution with branches across New Jersey, Eastern Pennsylvania and parts of New York, appointed Renee Altomonte as executive vice president, retail banking director. Reporting to Vito Giannola, executive vice president, chief banking officer, Altomonte...

Monroe Capital, a premier asset management firm specializing in private credit markets, opened its office in Abu Dhabi, United Arab Emirates, following receipt of its Financial Services Permission (FSP) from the Financial Services Regulatory Authority of ADGM, the international financial...

SouthStar Capital funded a $500,000 accounts receivable financing facility for a Charlotte-based company that provides uniforms to hospitals and senior living facilities across the Southeast. As sales reached approximately $100,000 per month, the company faced growing cash flow challenges caused...

SLR Capital Partners, a private credit platform operating in specialty finance direct lending to U.S. middle market companies, added Mac Fowle as president of asset-based lending (ABL). In this newly created role, Fowle will lead the expansion of SLR’s ABL...

Trinity Capital, an alternative asset manager, committed $130 million in growth capital to Candel Therapeutics, a clinical-stage biopharmaceutical company focused on developing viral immunotherapies to help patients fight cancer. “As cancer incidence continues to rise, the need for truly transformative...

White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, provided a combined $37 million in new financing commitments for two companies within the retail and energy industries: an omnichannel retailer of work-related clothing, merchandise and accessories, and...

The Huntington National Bank appointed Jay Turakhia as regional president for Northeast Ohio, succeeding Sean Richardson, who has been promoted to president of Huntington Distribution Finance. Turakhia brings to this role extensive experience in regional and commercial banking. He will...

SLR Business Credit (SLRBC) funded a new senior secured credit facility for a large-scale distributor of specialty polymers. The company had outgrown its bank line and needed a larger credit facility to support its growth. Its bank partner introduced SLRBC...

AIP Capital, an alternative investment manager focused on opportunities in asset-based finance, and Breeze Airways, a leisure carrier offering direct flights from underserved markets, closed a $47.5 million secured debt financing through AIP’s private credit strategy. The financing is secured...

Stellus Capital Management provided senior debt financing and an equity co-investment in support of Platform Partners’ acquisition of Champion Contractors & Services, a national commercial roofing and storm restoration services provider. “Platform is excited to partner with the Champion team...