News

Chicago Atlantic, an alternatives investment manager focused on niche markets, launched its emerging markets private credit strategy, which is expected to expand the firm’s private credit capabilities into high-growth markets across Latin America, Asia, Eastern Europe, the Middle East and...

H.I.G. Capital, a global alternative investment firm, appointed Brian Schwartz, a longstanding member of H.I.G.’s leadership team and the firm’s co-president, as CEO. Schwartz succeeds co-founder Sami Mnaymneh, who will transition to executive chairman alongside fellow co-founder Tony Tamer. As...

First Business Bank’s asset-based lending team recently closed and funded a $5.1 million credit facility to support the acquisition of a New Jersey industrial packaging manufacturer. First Business Bank expanded the client’s existing financing to cover the full scope of...

NXT Capital closed a senior credit facility in support of CenterOak Partners’ acquisition of Grismer Tire & Auto Service. NXT Capital acted as joint lead arranger, joint bookrunner and administrative agent on this transaction. “NXT Capital’s insight and support were...

TradeCap Partners closed a $4 million purchase order (PO) funding facility for a distributor of industrial parts and materials. TradeCap’s facility was used to support high volume and time-sensitive customer orders. The customized funding solution was structured to support the...

Sumitomo, SMBC Aviation Capital, Apollo-managed funds and Brookfield completed the previously announced acquisition of Air Lease and renamed the business Sumisho Air Lease. This transaction is aimed at improving the financial position of the business with long-term support and aviation...

First Bank appointed Will Aiken as managing director, specialty businesses. In this role, Aiken will oversee a portfolio of First Bank’s specialty businesses, including CarBucks, SBA, bankcard, syndications and asset-based lending. With more than 20 years of banking experience and...

Ares Management, a global alternative investment manager, added E.G. Morse as partner and head of Asia credit. Morse most recently served as co-head of China and head of China global markets for Goldman Sachs Group. Ares also appointed Dinesh Goel...

Winston & Strawn added Lee Discher to its transactions department as a partner in the finance practice in Chicago. Discher represents corporate borrowers and private equity sponsors and borrowers in complex business transactions, with a particular focus on debt finance....

Lendscape, a global provider of commercial finance technology, formed a strategic partnership with JDR Solutions, an outsourced lease servicing and portfolio management firm in the U.S. equipment finance market. The collaboration will give JDR’s customers (banks, captive finance businesses and...