News

Inhibrx Biosciences, a biopharmaceutical company with two programs in ongoing clinical trials, entered into a loan and security agreement with Oxford Finance, pursuant to which the lenders provided a five-year term loan facility for up to $150 million. “This enables...

Kevin Alexander, partner in Ares Management’s alternative credit strategy, has been promoted to co-head of alternative credit alongside current co-heads Keith Ashton and Joel Holsinger, effective immediately. Alexander joined Ares in 2019 and has been a key leader and contributor...

Verastem Oncology, a biopharmaceutical company committed to advancing new medicines for patients with RAS/MAPK pathway-driven cancers, secured a new credit facility for up to $150 million along with an equity investment of $7.5 million with Oberland Capital Management. In addition,...

CohnReznick, an advisory, assurance and tax firm, welcomed Angela “Angie” Ty as a financial services partner. Based in the San Francisco Bay Area, Ty specializes in the alternative investments industry with a specific focus on private equity, venture capital and...

Trinity Capital, an alternative asset manager, funded $297 million of total investments in Q4/24, putting Trinity at a record of $1.2 billion of fundings in 2024. Additionally, Trinity originated $411 million of investments in Q4/24, bringing total new commitments for...

Republic Business Credit provided a $1.5 million asset-based loan credit facility to a manufacturer of bath, shower and all-natural aromatherapy solutions. The company was seeking a trusted financial partner to support the expansion of its e-commerce and online consumer sales...

nFusion Capital has finalized an $8 million factoring facility to support the continued growth of a Texas-based custom print house specializing in custom labels, branded apparel, uniforms and promotional products. As the company, which is privately owned and backed by...

BizCap, a national commercial finance and advisory firm, welcomed Michael Hengl as a managing director based in San Francisco. With over 34 years of leadership experience in commercial and asset-based lending, Hengl will be instrumental in driving BizCap’s growth and...

ABF Journal, a leading publication serving middle market specialty financiers, equity sponsors, advisors and technologists, made a series of enhancements aimed at delivering more actionable insights, connecting industry professionals and facilitating business growth. With its recent enhancements, ABF Journal is...

As Donald Trump prepares to take office in 2025, his proposed regulatory agenda is set to reshape the U.S. financial landscape. For the asset-based lending (ABL) sector, these changes could have significant implications for lenders and borrowers alike. Understanding these...