News

CHARLOTTE, N.C. — NN, Inc. (NASDAQ: NNBR) has completed a $183 million refinancing package through two separate agreements with PNC Bank and Marathon Asset Management, the company announced Tuesday. The transaction includes a $65 million asset-backed loan (ABL) from PNC...

BOSTON — Pathlight Capital LP announced it is serving as the Administrative Agent on a $210,000,000 senior secured credit facility for Spring Venture Group, LLC ("SVG"), one of the fastest growing omnichannel distributors of Medicare Advantage, and leading Medicare Supplement...

Minneapolis and Milton Keynes, UK – Solifi, a global fintech software partner for secured finance, announced the appointment of Mike Cagle as its new Chief Financial Officer. With over 20 years of experience in financial leadership and SaaS company management,...

eCapital Corp., a technology-enabled provider of financing solutions for small and medium-sized businesses (SMBs) across North America and the U.K., announced the renewal and upsizing of commitments under its core factoring facility from $725 million to $917 million. This expansion...

Boston, MA, April 15, 2025 – Gordon Brothers, the global asset experts, has appointed Liz Blue Head of North American Business Development, Retail & Real Estate Services. In this new role, Blue oversees the Retail and Real Estate Services teams’ business development strategy...

Great Elm Commercial Finance has introduced a revamped asset-based loan product aimed at helping small and middle-market importers manage rising costs caused by increasing tariffs. The new loan structure offers higher advance rates on imported goods and inventory, giving businesses...

NEW YORK -- Star Mountain Capital, LLC ("Star Mountain"), a rapidly growing, employee-owned investment firm with over $4 billion in assets under management (AUM), is pleased to announce a record year of portfolio company realizations in 2024, with 10 successful...

Crayhill Capital Management LP, a $3 billion alternative asset management firm specializing in asset-based finance, today announced the close of Crayhill Principal Strategies Fund III with approximately $1.31 billion of capital commitments, including $162 million of committed co-investment capacity, exceeding...

Boca Raton, FL – Cloud Capital Funding, a trusted leader in providing Factoring, Purchase Order Funding and Supply Chain Finance solutions to businesses, has funded a $2,000,000 purchase order funding and accounts receivable factoring facility to a Florida based Defense...

LEXINGTON, Ky. — MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American and European headquartered middle-market B2B industrial and specialty distribution companies, today announced that it has hired Jonathan La as Chief Financial Officer....