News

General Atlantic and UBS Group AG (NYSE: UBS) announce today a strategic partnership focused on private credit opportunities. The collaboration between UBS and General Atlantic Credit (GA Credit) aims to enhance investing clients' and borrowers' access to a broader set...

Sidley is pleased to announce that Brian Fahrney has begun his tenure as the firm's Executive Committee Chair, and that he will continue serving on Sidley's Management Committee. Mr. Fahrney succeeds Michael Schmidtberger, who had served as Chair of the...

Independent Growth Finance (IGF) has announced three senior appointments. Michael Fletcher has been promoted to Managing Director, and Andrew Hey to Head of Credit. Joysheel Mitter also joins the business as Commercial Director. The appointments follow another strong year for...

NEW YORK — Rosenthal & Rosenthal, the leading private commercial finance firm in the United States, today announced that, going forward, the 87-year-old company will be doing business under a new moniker, Rosenthal Capital Group (RCG). The name change, refreshed branding...

BEVERLY, MA — NFS Leasing, Inc., a leading independent equipment finance company serving non-investment-grade businesses, has announced it will rebrand as NFS Capital, LLC, as part of its long-term growth strategy. The rebrand reflects the company's commitment to expanding its equipment...

NEW YORK — Ares Management Corp raised over US$20 billion ($30.8 billion) in the first quarter this year, as appetite for private credit saw the manager's AUM surge above US$500 billion. Ares Management's assets under management climbed 27% to a total...

PHILADELPHIA  — Rite Aid Corp. has filed for Chapter 11 bankruptcy protection for the second time in less than two years, citing ongoing financial challenges, including mounting debt and increased competition in the retail pharmacy sector. The Philadelphia-based drugstore chain...

DALLAS — CSW Industrials, Inc. (CSWI) has successfully renewed and upsized its Revolving Credit Facility, taking the commitment from $500 million to $700 million. This move is strategically designed to bolster the company's financial flexibility and support its pursuit of...

BETHESDA, MD — MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $40 million senior secured credit facility to Bedrock Manufacturing Company, LLC ("BMC" or the "Company"). Proceeds from the credit...

NEW YORK – JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth women-led and natural products companies, today announced the closing of a line of credit to a woman-owned, children’s furnishings and toy company. The company will use the...