News

PNC Bank released findings from its second annual Financial Wellness in the Workplace report, which summarizes survey data and in-depth interviews from more than 1,000 U.S. workers and more than 500 U.S. employers.

CohnReznick, an advisory, assurance and tax firm in the United States, has opened a digital forensic lab facility outside of Washington, DC as part of its expanding cybersecurity and incident response capabilities.

Rand Capital, a business development company providing alternative financing for lower middle market companies, completed the previously reported acquisition of its portfolio company, SciAps, by Spectris.

The Institute for Portfolio Alternatives (IPA) relaunched its brand, representing a new chapter for the organization. The company also launched a new website designed to highlight its offerings and enhance user engagement.

Axxes Capital, a private markets asset management firm, secured strategic investment from Grupo Mercantil Santa Cruz as part of its Series A fundraising round. This investment will bolster Axxes Capital’s growth and extend its reach throughout Latin America.

C&N invested in local education with donations totaling $921,556 to area educational improvement, scholarship and pre-kindergarten scholarship organizations. These donations were made under the Educational Improvement Tax Credit (EITC) Program.

nFusion provided a $2 million factoring facility to help a construction company pay subcontractors faster in order to acquire additional subcontractors’ services, which enabled the company to take on bigger projects and continue to grow.

KBRA released research on the potential default of Khoros (formerly known as Lithium Technologies) and its effects on KBRA-rated transactions and the wider private credit market.

euNetworks closed on a €2.1 billion equity recapitalization. Investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super and direct investments from the Investment Management Corporation of Ontario (IMCO) and APG Asset Management.

Deerpath Capital Management, a private credit manager focused on lending to the U.S. lower-middle market, reset and upsized Deerpath CLO 2018-1, a $402.8 million collateralized loan obligation (CLO).