News

Monarch Alternative Capital, an opportunistic credit and real estate investment firm, closed Monarch Capital Partners VI (MCP VI). The firm raised over $4.7 billion of capital for its sixth closed-end fund.

Cautious optimism marked Q2/24 in the asset-based lending market as banks and other lenders saw a rise in new-deal activity, according to data released by the Secured Finance Network (SFNet).

Despite the looming regulatory deadline for mandatory U.S. Treasury clearing, many firms are underprepared, according to a new study commissioned by Davies and conducted in partnership with Value exchange.

Alkegen, a global specialty materials platform, closed a refinancing transaction of its outstanding debt. The transaction was led by a consortium of new and existing lenders, including lead lender Oak Hill Advisors and funds managed by affiliates of Apollo Capital...

The latest analysis from Dominic Pappalardo, chief multi-asset strategist at Morningstar, reveals important trends in the U.S. corporate credit market, such as the market’s stabilization, the impact of the Fed’s rate cut and a cautious outlook on high yield.

XS Financial closed an agreement to be taken private by Mavik Capital, an investment firm, and Axar Capital Management, an alternative asset management firm.

Onity, a non-bank mortgage servicer and originator, closed multiple transactions to accelerate its ongoing capital restructuring plans.

Salute, a provider of integrated asset management services for the data center industry, received a majority investment from funds managed by New Mountain Capital, an alternative investment firm. Current investor LLR Partners will maintain a minority investment in the company.

According to a new report, the delinquency rate among KBRA-rated U.S. private label commercial mortgage-backed securities (CMBS) in September increased to 5.32%, up 34 basis points from August.

Beyond Air, a commercial stage medical device and biopharmaceutical company, terminated its loan and security agreements with Avenue Capital and entered into an $11.5 million loan agreement with an insider-led investor group.