News

Obra Capital, an asset management firm with a specialized approach to alternative investing, closed its second collateralized loan obligation (CLO) offering, Obra CLO 2. Obra CLO 2, at over $500 million in size, builds on Obra’s inaugural CLO 1 and...

Encina Private Credit, a specialty finance company that provides first-out, enterprise value loans to private equity-sponsored and non-sponsored borrowers across the middle market, appointed Mark Patchell as chief commercial officer and head of originations. Patchell will lead the nationally deployed...

nFusion Capital recently provided a $20 million asset-based lending facility to support a vertically integrated manufacturer of garden products’ growth strategy. With limited time and an urgent need for capital just before their peak selling season, the company was referred...

MannKind, a company focused on the development and commercialization of inhaled therapeutic products and delivery devices for patients with endocrine and orphan lung diseases, and funds managed by Blackstone have entered into an up to $500 million strategic financing agreement....

Octane, a fintech aiming to revolutionize buying experience for major recreational purchases, executed a $300 million forward-flow transaction with the Moore Specialty Credit (MSC) Platform, the private asset-backed finance platform of Moore Capital Management, a global private investment management firm....

Evolution Credit Partners, an alternative credit investment manager, added Scott Barek as managing director. Based in the New York office, Barek will lead structured credit investments and support the firm’s continued efforts to deliver differentiated, risk-managed solutions to institutional investors....

A Northeast manufacturer of printed circuit boards has secured a $2.5 million line of credit from Prestige Capital to support its turnaround strategy. Introduced by a long-term friend and colleague who recently joined a loan brokerage organization, the company required...

Wells Fargo is collaborating with the National Center for the Middle Market (NCMM) at The Ohio State University Max M. Fisher College of Business. Wells Fargo’s commercial banking group will provide the NCMM with insights into the banking needs of...

Quickpay Funding established a $200,000 invoice factoring facility for a California-based ship repair company specializing in maintenance and fabrication services for U.S. Navy vessels. The new facility offers the working capital needed to manage labor costs, purchase materials and mobilize...

Global law firm Clifford Chance is advising KKR in connection with the purchase of an equity stake in Harley-Davidson Financial Services (HDFS) and a back book of loans, and in connection with a forward flow purchase agreement to acquire loans...