News

KeyCorp received all required regulatory approvals for completion of The Bank of Nova Scotia’s strategic minority investment in Key as announced on Aug. 12, 2024.

According to S&P Global Market Intelligence, private equity and venture capital activity in the U.S. solar industry is poised to hit a four-year low in 2024, while private inflows into the sector globally have rebounded.

Deerpath Capital Management, a lower-middle market private credit manager in the U.S., reset and upsized Deerpath CLO 2022-1, a $724.7 million collateralized loan obligation (CLO). This marks the largest CLO and largest upsize in the firm’s history.

PennantPark Floating Rate Capital agreed to expand its investment in PennantPark Senior Secured Loan Fund I. This transaction is aimed at further strengthening the partnership, which was put into place over seven years ago.

Brookfield Asset Management and its institutional partners, an owner and operator of infrastructure globally, has made a minority equity investment in Tiger Infrastructure Partners’ portfolio company Strategic Venue Partners.

J.F. Lehman, a middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, closed its latest flagship fund, JFL Equity Investors VI and affiliated investments vehicles.

Ares Management, a global alternative investment manager, launched Ares Private Markets Fund, an Australian-domiciled unit trust designed to provide wholesale clients in Australia access to Ares Private Markets Fund.

Matrix Applications completed the 2024 System and Organization Control (SOC) 1 and SOC 2 Type 2 audits for its TradeBlazer Collateral Management System and Managed Services. The audits were conducted by Schellman, a provider of attestation compliance services.

A Mississippi-based mattress manufacturer partnered with Republic Business Credit to expand into major retailers across the country. Republic provided a $2.5 million non-recourse factoring facility that didn’t require a personal guarantee.

Lawrence Financial funded over $200 million in transactions in 2024. The company also celebrated the hiring of Mena M. Risk as a partner, and the achievements of Haze Walker and Larry Hurwitz in 2024.