News

CIT Northbridge provided a $25 million secured credit facility to Huron Valley Steel, a recycling processor of shredded nonferrous mixed metals. “Sustainable resource management and conservation is becoming increasingly crucial,” Dennis Reno, president of Huron Valley, said. “This financing will...

Manulife | Comvest Credit Partners, the private credit platform of Manulife Wealth & Asset Management, closed Comvest Credit 2026-1 CLO, a $428 million private credit collateralized loan obligation (CLO). The transaction is the private credit platform’s sixth CLO since launching...

Raven Capital, an alternative investment firm specializing in asset-based, non-sponsor private credit, arranged a $655 million refinancing for Elevate, a provider of innovative online credit solutions for underserved consumers in the United States. The refinancing extends Raven Capital’s longstanding relationship...

The International Factoring Association (IFA) appointed five new members to its advisory board, each serving a two-year term. The advisory board plays an integral role in the association by providing guidance, industry perspective and thought leadership that help drive the...

Clearlake Capital Group, a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies, completed its acquisition of Pathway Capital Management, a global provider of private market solutions for institutional and wealth markets....

Mitsubishi HC Capital and Brookfield Asset Management formed a joint venture (JV) for a privately held renewable energy company that will acquire and operate a diversified portfolio of contracted, operating renewable energy assets in Europe. The seed portfolio comprises approximately...

Simmons Bank, a wholly owned subsidiary of Simmons First National, added Jim Recer as executive vice president, commercial regional executive. In this role, Recer will lead Simmons’ commercial and industrial (C&I) banking strategy across Texas, Nashville, Kansas City and St....

RBC Global Asset Management (U.S.) launched the RBC BlueBay Enhanced Income Fund, a closed-end interval fund providing U.S. investors with access to alternative credit markets through collateralized loan obligations (CLOs). The fund is an actively managed portfolio primarily investing in...

Cardo AI launched a new cash flow modeling tool for asset-based finance and specialty finance, built as a modern alternative to incumbent structured-finance cash flow engines such as Intex. The tool addresses a problem that has constrained analysts for years:...

Commercial Funding Partners recently closed a $36 million sale-leaseback recapitalization for a Midwest manufacturer, structured as a 60-month non-tax lease. The transaction recapitalized the manufacturer’s entire facility and required a financing structure that matched the operating reality of the business....