News

NEW YORK — The Secured Finance Network (SFNet) recently released its Q4 2024 Asset-Based Lending Index and Lender Confidence Index, revealing the highest confidence levels in three years among both bank and non-bank lenders. "Confidence levels were up sharply, though...

OGDEN, Utah — TAB Bank has closed a $4 million asset-based lending (ABL) facility and $2.5 million equipment loan with HydroEdge Solutions, a water transfer and fluid management services provider for the energy industry. The financing will support HydroEdge Solutions'...

Blackstone (NYSE: BX) will launch its new Blackstone Private Multi-Asset Credit and Income Fund (BMACX) on May 1, 2025, as confirmed by President Jon Gray during a recent analyst call. The fund will test investors' appetite for alternatives in a...

BIRMINGHAM, Ala. — Porter Capital has delivered a $3.5 million financing package to an Oklahoma industrial staffing contractor undergoing ownership transition while experiencing significant growth. The 24-year-old contractor, which serves power plants, paper mills, and various industrial clients, required immediate...

NEW YORK — Sculptor Capital Management, a leading global alternative asset manager specializing in opportunistic investing, announced the final close of the Sculptor Tactical Credit Fund (STAX), which exceeded its target with nearly $900 million in assets under management. The...

WEST PALM BEACH, Fla. — GoldState Music, a premier music rights investment platform, has raised $500 million in strategic capital, including a structured capital facility co-led by Northleaf Capital Partners and Ares Management funds as well as separately raised leverage....

NEW YORK — FINSIGHT Group Inc. ("FINSIGHT"), a financial technology company and leading software provider to the US asset-backed securities industry, has announced a strategic partnership and investment in Pledge Path Systems Inc. ("Pledge Path"). Under the partnership, FINSIGHT will...

NEW YORK — Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, has announced that its Transportation & Logistics Infrastructure investment banking team served as the exclusive buy-side financial advisor to Stonepeak in its...

U.S. Bancorp has promoted Adam Graves to senior executive vice president and head of enterprise strategy and administration, the company announced Thursday. Graves, 47, will now oversee a broader portfolio that includes strategy and corporate development, corporate real estate and...

CHARLOTTE, N.C. — NN, Inc. (NASDAQ: NNBR) has completed a $183 million refinancing package through two separate agreements with PNC Bank and Marathon Asset Management, the company announced Tuesday. The transaction includes a $65 million asset-backed loan (ABL) from PNC...