News

MidCap Business Credit (MBC) closed a $16 million asset-based revolving and term loan credit facility for a privately held frac sand manufacturer based in the Midwest. The credit facility will be used to support the company’s working capital needs and...

Trinity Capital, an alternative asset manager, committed $15 million in growth capital to K2view, an enterprise data management innovator powering operational data products for generative AI. “K2view is at the forefront of solving a critical bottleneck in the enterprise adoption...

Vultr, a privately-held cloud infrastructure company, closed a $255 million syndicated credit facility including a $35 million uncommitted accordion, in addition to $74 million of recently-closed lease financing, for a total of $329 million of credit financing. The syndicated credit...

Morgan Stanley Capital Partners (MSCP), the middle market private equity buyout team within Morgan Stanley Investment Management, closed North Haven Capital Partners VIII (NHCP VIII or Fund VIII) with total capital commitments of approximately $3.2 billion. Fund VIII was oversubscribed,...

Altriarch Asset Management announced the closing of a $15 million senior secured revolving credit facility for Bigfoot Capital. The facility includes a $10 million accordion feature, allowing for expansion up to $25 million. Founded in 2017, and based in Denver,...

WhiteFiber, the wholly-owned HPC subsidiary of Bit Digital, entered into a definitive credit agreement with the Royal Bank of Canada (RBC) to finance its data centers business. The facility provides up to C$60 million in aggregate financing. Proceeds will be used to support the continued...

Ares Alternative Credit funds have entered into a definitive agreement for the acquisition of a 20% stake in Plenitude, a company in energy transition controlled by Eni, for approximately €2 billion. The consideration implies an enterprise value for Plenitude of...

Latham & Watkins added Zachary S. Podolsky to its New York office as a partner in the mergers and acquisitions and private equity practice. Podolsky advises public and private companies, boards of directors and special committees in negotiated and hostile M&A transactions. He also...

Lighthouse Financial completed a $2.75 million revolving line of credit to a New Jersey-based manufacturer and distributor of all-natural pest repellants. Due to balance sheet leverage, the existing bank would not increase the company’s line of credit to support growth...

Fallingst Technologies, alongside lending partner ABL OPCO LLC (d/b/a Mountain Ridge Capital, or MRC) and capital markets advisory firm AOL Sourcing, closed a $5 million structured capital facility for Strider Fitness Ventures. The $5 million infusion of IP-backed capital will...