News

The final week of 2025 concludes a transformative year for middle market finance, defined by the paradox of record-breaking private credit growth alongside emerging structural vulnerabilities that tested the industry’s underwriting discipline. While the holiday week remained characteristically quiet, 2025...

J.P. Morgan Asset Management’s private equity group (PEG) closed its 12th flagship fund, PEG Global Private Equity XII (GPE XII). GPE XII closed above its $1.25 billion target at $1.44 billion. “We are pleased to announce the close of PEG Global...

SI Group, a global developer and manufacturer of performance additives, process solutions and chemical intermediates, completed a comprehensive recapitalization transaction supported by its lenders and equity partners. Through this transaction, SI Group has reduced its outstanding net indebtedness by approximately...

Baker Garrington provided a $250,000 factoring facility to an oilfield services company based in North Dakota.

Hilton Global Associates appointed Heather Calabret-Morison as senior director of business development. Calabret-Morison brings extensive experience in enhanced due diligence across private markets, working hand-in-hand with compliance professionals, legal teams and investment professionals throughout the deal lifecycle. In her new...

Cascadia Capital, an independent investment bank serving middle-market clients globally, served as co-advisor to Audax Private Equity on the sale of Enviromatic Systems to Wind Point Partners. Wind Point acquired the company on December 8, 2025. Terms of the transaction...

Law firm Winston & Strawn represented Apogem Capital as lead investor in connection with Encore Consumer Capital’s single-asset continuation vehicle for Lion Beverages, a full-service contract manufacturer of specialty beverages. The transaction builds on Apogem’s growing track record of anchoring...

Deerpath Capital Management, a provider of cash-flow-based senior debt financing to sponsor-backed U.S. lower middle market companies, closed Deerpath Fund VII. The fund exceeded its $2 billion equity target and, together with anticipated leverage, is expected to support approximately $3.5...

Akumin entered into an agreement with certain noteholders representing over 95% of outstanding senior secured notes due in 2027 and 2028, and Stonepeak, an alternative investment firm, that will reduce debt, enhance liquidity and extend its debt maturities related to...

Distribution Solutions Group (DSG), a specialty distribution company, amended and expanded its senior secured credit facility through 2030. The new facility includes $700 million of term debt and a revolving credit arrangement of $400 million, a $255 million increase over...