News

Sallyport Commercial Finance closed a $2 million accounts receivable financing facility for a provider of turnkey furniture and fixtures for the education sector. Referred to Sallyport via its parent company, the client was seeking a solution to bridge seasonal cash...

The Asset Based Lending Institute (ABLI)’s professional training programs have experienced steady year-over-year growth in enrollments. “ABLI was founded with a mission to equip lending professionals with practical, high-quality training that supports stronger credit decisions and more effective risk management,”...

Luke Barrett joined Choate as a principal in the firm’s finance and restructuring group. Barrett will advise clients on a wide range of restructuring, bankruptcy and insolvency matters, including large Chapter 11 cases and complex out-of-court restructurings. Barrett has extensive...

Vivek Chandrasekhar, a former lawyer with the U.S. Department of the Treasury’s Office of Tax Policy, joined Perkins Coie’s tax and environment, energy and resources practices as a partner in Washington, D.C. Chandrasekhar, who helped develop guidance for energy projects...

Crescent Capital Group, an alternative credit investment firm, hired Juan Grana as managing director to head the firm’s bank capital solutions team focusing on credit risk-sharing transactions. In addition, Doran Chernichen will also be joining the bank capital solutions team...

Davis Polk added Oran Ebel as a partner in the investment management practice in New York. He joins the firm after more than 12 years with Blackstone Credit & Insurance. “Oran is a sophisticated credit funds lawyer with significant experience...

Fed rate cut provides modest relief as ABL market adapts to shifting dynamics The Federal Reserve's 25 basis point rate cut to 4.00%-4.25% on September 17 marked the central bank's first reduction in nine months, providing modest relief to asset-based...

eCapital, a tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, appointed Estevan Ruiz as head of credit and risk for its transportation division. Ruiz, a seasoned finance professional in commercial and transportation...

Octagon Credit Investors, a credit-focused asset manager, expanded its private credit platform with the appointment of Sean Sullivan as managing director and head of private credit, and Michael Ahrens, who will join the firm on Sept. 22 as principal. “The...

Lee Gibson, CEO and director of Southside Bancshares and Southside Bank, a subsidiary of the company, will retire, effective Dec. 31, 2025. Gibson will continue as a director of the company and the bank. Succeeding him as CEO upon his...