News

Ares Capital appointed Kort Schnabel, co-president, to CEO of the company, effective April 30, 2025. Concurrently, Kipp deVeer will be stepping down as CEO and will remain a member of the board of directors. Additionally, deVeer will continue to serve...

MidCap Financial, a commercial finance company focused on middle market transactions, provided a $36.35 million senior secured credit facility to Vulcan Metals. Proceeds from the credit facility were used to finance TerraMar Capital’s acquisition of the company and support ongoing...

Siena Lending Group closed a $40 million credit facility with Pharmachem Innovations. The five-year credit facility was used to finance the acquisition of Pharmachem by Turnspire Capital Partners and to provide additional working capital for the company’s growth. “Siena is...

Confidence among chief financial officers (CFOs) has surged following the 2024 U.S. elections, with 68% of finance leaders expressing optimism about the economy, according to a new survey from professional services firm Grant Thornton. The survey, conducted in the fourth...

First Citizens Bank and Sixth Street, a global investment firm, launched Sixty-First Commercial Finance, a new platform managed by First Citizens Institutional Asset Management and designed to provide flexible capital equipment financing solutions to middle market companies. A joint venture...

Silver Point Capital, a credit investing firm, closed a new fund that will focus on investing in the equity tranches of Silver Point-managed broadly syndicated loan CLOs. The fund accepted capital commitments of $250 million. The fund is designed to...

Overland Advantage, a business development company with a direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, served as sole lead arranger and book-runner for a $215 million credit facility in support of a...

Culain Capital has structured an $8 million accounts receivable financing facility for a health food provider, giving the company access to working capital to expand operations and meet rising market demand. The financing will allow the company to unlock cash...

Kevin Day, CEO of Lendscape, a global company in secured finance technology, is stepping down from his role. Day will remain with the company as an executive advisor and a member of the board of directors. “Kevin has been at...

Northern Trust has released its 2025 Capital Market Assumptions (CMA) report, projecting moderate returns for global equities, improved performance in high-yield bonds, and continued strength in private credit. The report highlights three key trends expected to shape global markets over...