News

First Busey, the holding company for Busey Bank, received the approval of the Federal Reserve to acquire by merger CrossFirst Bankshares, the holding company for CrossFirst Bank. Both companies received shareholder approval for the transaction on Dec. 20, 2024. “We...

C2FO, an on-demand working capital platform, surpassed $400 billion in December in lifetime funding to its customers and achieved $1 billion of daily funding for the first time. These milestones reflect a significant shift in the business financing landscape, with...

Independence Contract Drilling (ICD), which provides land-based contract drilling services for oil and natural gas producers in the United States, successfully completed its Chapter 11 restructuring process and has emerged as a private company that is financially and operationally stronger....

Specialist asset-based lender Ultimate Finance reported a new record high loan book reached of £342 million and strong new business across all three products, up 11% in 2024. The asset-based lender’s highlights include: Reaching a record total loan book of...

Trinity Capital, an alternative asset manager, committed $12.5 million in growth capital to Upward Health, an in-home, multidisciplinary medical group providing 24/7 whole-person care. “Upward Health’s unique approach to healthcare delivery has positioned them as a leader in their space,”...

The Goldman Sachs Group is engaging in several actions to better serve corporate and investor clients and grow its business in private credit, private equity and other asset classes. The firm is creating the Capital Solutions Group, which will combine...

Percent, a platform powering the modern private credit marketplace, released its 2025 Private Credit Outlook. This annual report highlights how private credit is one of the most resilient and dynamic asset classes in global finance, nearing $2 trillion in market...

eCapital, a provider of financing solutions for small and medium-sized businesses across North America and the United Kingdom, has extended a $35 million factoring facility to a logistics provider. This funding unlocks essential working capital, enabling the client to address...

A new survey by Grant Thornton, a leading provider of audit, tax, and advisory services, highlights the shifting priorities of chief financial officers (CFOs) in the technology sector. As the tech landscape evolves, these executives are increasingly focused on fostering...

The value of global private equity exits — including IPOs, secondary buyouts, trade sales and bankruptcies — reached a five-year low of $392.48 billion in 2024, Preqin data shows. Trade sales, including sales to management, was $193.6 billion across 1,177...