News

J.P. Morgan is set to expand its private credit commitment. The firm is allocating $50 billion from its balance sheet, along with nearly $15 billion from multiple co-lenders. This strategic move is designed to extend the firm’s direct lending capabilities...

Clear Mountain Bank hired Chris Morris as commercial banking executive. In his role, Morris will be responsible for guiding commercial relationship growth, which will include leading, coaching and supporting the bank’s commercial lending production team. Morris brings to Clear Mountain...

Utica Equipment Finance funded a $7.5 million capital lease for a waste management provider in the Midwest. The lease, secured by trucks and waste containers, will be used to refinance existing debt, consolidating obligations from 60 different lenders. The lessee...

Republic Business Credit provided a $1.5 million non-recourse factoring facility to a California-based apparel manufacturer, fueling the company’s growth plans. The facility was designed to offer the manufacturer advances on its receivables, along with the security of credit protection and...

Runway Growth Capital, a provider of growth loans to venture and non-venture backed companies seeking an alternative to raising equity, promoted Greg Greifeld to chief investment officer. In his new role, Greifeld will oversee Runway’s investment strategy, deal structuring and...

CIT Commercial Services has provided $100 million in financing to Wiesner Products, a designer, importer and distributor of men’s, women’s and children’s apparel and accessories. Wiesner aims for strategic growth through acquisitions and addition of new product categories that improve...

BriteCap Financial, a non-bank lender, appointed John Corona as director of partner success. Corona brings with him more than a 10-year track record of significant accomplishments in business financing and partner development. “We’re thrilled to welcome John to BriteCap and...

Atlas Energy Solutions entered into an agreement with Stonebriar Commercial Finance to refinance its existing term loan facility with a new $540 million single advance term loan. Proceeds from the term loan will be used to repay the existing facility...

Surf Internet the company has raised $175 million in new equity funding and secured an upsized $300 million debt facility. The equity investment was led by Macquarie Capital, with participation from existing investors Bain Capital and Post Road Group. The...

Star Mountain Capital, an employee-owned investment firm, hired Jeff Feinberg as a managing director and strategic portfolio partner. Feinberg will focus on enhancing Star Mountain’s approach to value creation within its portfolio companies as investors seek differentiated sources of yield...