News

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated.

Tax Guard, a Cogency Global company and a provider of real-time IRS tax data services, entered a partnership with San Diego-based Ventures Lending Technologies, an end-to-end lending software for banks and mission-based lenders.

Robin AI, the AI-powered legal assistant, launched a new product line, Robin AI Reports, which automates a key piece of due diligence and negotiations, providing a boost to the pace of M&A. The new offering can generate reports on contracts...

Rosenthal & Rosenthal, the factoring, asset-based lending, purchase order financing and inventory financing firm, completed two factoring transactions totaling $6.5 million and $25 million in factoring volume.

Vesper Energy, a renewable energy developer, finalized construction and term loan syndication for its Hornet Solar project, representing approximately $592 million in investments. The syndication process was initiated after the Hornet Solar project’s financial close in Q4/23.

Stifel Financial and Lord Abbett formed a substantial leveraged lending joint venture, SBLA Private Credit. SBLA Private Credit will focus on both new issue and existing loans to small and mid-sized portfolio companies of financial sponsors.

Figure Technology Solutions, the technology platform streamlining the private credit and housing markets, launched Figure Connect, a blockchain-based multi-seller, multi-buyer marketplace of private credit loans.

The publishers of Monitor and ABF Journal launched a new website, Small Business Finance Insights (SBFI), serving small business lenders, intermediaries and funding sources with unmatched research, data and insights to power growth and better business decisions.

Coach USA, a provider of passenger transportation and mobility services, commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate sale processes.

eCapital, a tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has funded a $15 million factoring facility for a technology firm in the transportation industry.