News

Portage Point Partners, a blue chip advisory, consulting, interim management and financial services firm focused on the middle market, added Robert Albergotti as managing director to the turnaround and restructuring services (TRS) practice. Albergotti has spent more than two decades...

Star Mountain Capital, a specialized, alpha-focused, employee-owned private markets investment firm with over $4 billion in assets under management, announced the transition of Peter K. Scaturro, Sr. from Senior Advisor to Vice Chairman. Mr. Scaturro has been serving as a Senior Advisor...

Third Point, an alternative asset manager with approximately $21 billion in assets, secured $400 million of investible capital for the first close of the Third Point Insurance Solutions Fund I, the firm’s first dedicated and rated structured private credit fund...

Burke & Herbert Financial Services made key hires aimed at enhancing the company’s commercial banking, treasury management and deposit growth teams. The new appointments augment the company’s ability to service its commercial client base while adding capacity for additional growth....

Hilco Real Estate Finance (HREF), the specialist bridge lender and subsidiary of Hilco Global, made a significant reduction in its lending rates, in most instances in excess of one percentage point per annum. Depending on collateral, rates may be reduced...

Loren R. Lembo joined Katten as a partner in the firm’s transactional tax planning practice, growing the roster of talented attorneys based in the New York office. “Loren strengthens our ability to deliver strategic, tax-efficient solutions on the most sophisticated...

Quickpay Funding established a $500,000 invoice factoring facility for an expanding commercial janitorial company specializing in office cleaning and maintenance services. This new facility is designed to provide the essential cash flow needed to support the company’s recent contract wins...

Encina Private Credit provided a $150 million commitment consisting of a revolver and term loan in the $525 million senior secured credit facility. Encina is serving as revolver agent in support of Centerbridge Partners and VSS Capital Partners portfolio company...

Madrigal Pharmaceuticals, a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), entered into a $500 million senior secured credit facility with funds managed by Blue Owl Capital, an alternative asset manager, to primarily advance Madrigal’s pipeline...

Leo Berwick, a global tax and financial advisory firm, serving preeminent infrastructure, private equity and pension funds and their portfolio companies, executed a credit facility for up to $75 million from Stone Point Credit, a private credit investment firm, subject...