News

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...

ORIX USA completed the acquisition of a majority equity ownership of Hilco Global. Hilco Global will operate as a subsidiary of ORIX USA. The Hilco Global executive leadership team will retain a minority equity ownership position going forward. As part...

First Citizens Bank’s energy finance business provided a $60 million credit facility to Triple Oak Power, a U.S.-based renewable energy developer focused on developing sustainable energy plants. This new credit facility will be used to provide interconnection security postings for...

The number of distressed small businesses electing to file for subchapter V of chapter 11 of the U.S. Bankruptcy Code increased 17% to 200 last month from the 171 registered in August 2024, according to data provided by Epiq AACER,...

Benefit Street Partners, a credit-focused alternative asset manager with strategies spanning the credit spectrum, closed a $2.3 billion private credit continuation vehicle, BSP Debt Fund IV CV. This transaction was led by Coller Capital. BSP Debt Fund IV CV was...