News

Stifel Financial added Launny Steffens, a veteran financial services leader credited with helping build Merrill Lynch’s retail business, as vice chairman of asset management. In this newly created role, Steffens will focus on growing Stifel’s financial advisor network, advancing the...

Catalyze, a developer and independent power producer (IPP) of distributed renewable energy assets, closed a $200 million three-year HoldCo revolving and term debt and letter of credit facility from Deutsche Bank. The new facility bolsters the company’s capital capacity and...

Rithm Capital, a global alternative asset manager, entered into a definitive agreement to acquire Crestline Management, an alternative investment manager with approximately $17 billion in assets under management. Rithm’s combined platform, including Crestline and Sculptor, will be comprised of $98...

A Tiger Group online auction closing on Sept. 11 features audiovisual gear from Red Letter Rentals, a Southern California rental house known for its clientele of filmmakers, cinematographers and productions. “We are very pleased to be chosen by Red Letter...

Gordon Brothers, the global asset experts, formed a $1.5 billion joint venture with Davidson Kempner Capital Management and entered into a supporting lender finance facility with Wells Fargo Capital Finance. “We’re proud to partner with two highly experienced and strategically...

Bow River Capital, a Denver-based alternative asset manager, is expanding its evergreen private equity team with the addition of Erick Podwill as a director. “We are thrilled to welcome Erick to our growing team,” Jeremy Held, managing director at Bow...

Despite concerns over inflation, supplier price increases and recent declining demand and profit expectations, PNC’s latest semi-annual survey of small and mid-sized business owners found a 23-year record-high share of business owners (84%) optimistic about the prospects for their own...

GridStor, a developer and operator of utility-scale battery energy storage systems, closed a $50 million letter of credit with NORD/LB in support of its development goals. “We are proud to continue our partnership with NORD/LB as we develop battery energy...

Global professional services firm Alvarez & Marsal (A&M) has strengthened its healthcare industry group with the addition of managing directors Seth Ciabotti and Christopher Smedley and senior director Elizabeth Gonzales in its hospital and health systems practice. “As federal funding...

Honigman added Tricia Collins as a partner in its Grand Rapids office. Collins, who joins Honigman after nearly a decade at Kirkland & Ellis, is the most recent addition to the firm’s corporate department and commercial transactions group. “Tricia will...