News

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...

Austin Financial Services (AFS) added Todd Witmer as senior vice president, BDO for the Midwest Region. In this role, he will spearhead the company’s business development efforts across the Midwest, delivering innovative asset-based lending solutions in the $1 million to...

Middle market private companies in the Golub Capital Altman Index grew earnings by 3% year over year in Q3/25. Revenue grew 4% during the same period. “Middle market companies showed solid revenue and profit growth in the third quarter, underscoring...

First Business Bank’s floorplan financing team funded a $1.2 million inventory floorplan line of credit with an established automotive dealership in Ohio. The dealer made the decision to return to First Business Bank after expanding to a much larger location....

Ultimate Finance formed a relationship with an established transport business, having supported the company with an invoice finance facility since 2017. When the business was acquired to become part of an international transport service solutions group, it turned to Ultimate...