News

Applied Digital, a designer, builder and operator of sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking and blockchain workloads, today closed a $300 million senior secured bridge facility led by Goldman Sachs. The facility is intended...

Encina Private Credit (EPC) served as the administrative and collateral agent on a senior secured credit facility supporting Kingswood Capital Management’s strategic investment in Soulshine Farms and Pearl River Foods. EPC provided a first out tranche in the form of...

LibreMax Capital, an asset management firm specializing in securitized products and asset-backed finance, launched the LibreMax Asset-Backed Income Fund, its first interval fund that provides investors with access to private asset-backed finance (ABF) and traded structured credit opportunities. LMIFX seeks...

Trinity Capital’s sponsored investment fund, Trinity Capital SBIC LP, received approval from the U.S. Small Business Administration (SBA) to operate as a Small Business Investment Company (SBIC). The fund is the company’s third sponsored investment fund that has received such...

Prospect Capital and an affiliate have provided a first lien senior secured term loan and a preferred equity investment in Security Fire Systems (SFS), aggregating approximately $26 million, in collaboration with Blackford Capital. “Prospect is pleased to provide growth capital...

Brookridge Funding recently closed $2.6 million in purchase order facilities for five government reseller clients, including: $750,000 for a FL reseller of military equipment $750,000 for a TX reseller of scientific equipment $500,000 for a GA reseller of appliances $300,000...

Archway FinCo, a national direct lending firm focused on delivering flexible, relationship-driven capital solutions, added Michael Goletz as a managing director. Based in Indianapolis, Goletz will lead efforts to expand Archway’s presence across the Midwest, sourcing and structuring customized financing...

nFusion Capital promoted Melanie Guzman to executive vice president of factoring. In her new role, Guzman will spearhead the firm’s nationwide factoring growth strategy and oversee its international portfolio management team. With nearly 20 years of experience in commercial finance, including...

The week ending May 2 closed with the Federal Open Market Committee holding the federal funds target range at 3.50%–3.75% on an 8-4 vote — the most dissents at a single meeting since 1992 — capping Chair Jerome Powell's final...

Potomac Bank appointed Brian J. Hester as vice president, commercial relationship manager at its main office in Charles Town, West Virginia. Hester will support current commercial loan clients and develop new commercial client relationships in the Jefferson County, West Virginia,...