News

Matrix Capital Markets Group, an independent investment bank, served as lead advisor on the recapitalization of Watershed Car Wash’s portfolio comprised of 30 express tunnel car wash sites.

B. Riley Securities, a middle market investment bank, served as lead bookrunner to Atlanticus in the closing of its $60 million principal amount of 9.25% senior notes due 2029 in previously announced follow-on offering.

Monroe Capital, on behalf of its investment funds, established a partnership with Triad Financial Services, to originate and purchase commercial Community Rental loans made to manufactured home community owners. The initial pool is expected to be approximately $300 million.

Stonepeak closed its Stonepeak Opportunities Fund. Following strong investor demand, the fund was meaningfully oversubscribed relative to its original $2.5 billion target and closed at its revised hard cap of $3.15 billion, with commitments from a diverse group of global...

CohnReznick, through its digital advisory practice, formed an alliance with Tipalti, a global finance automation company helping organizations drive efficiency through the automation and scalability of payables operations.

TPG Twin Brook closed its fifth direct lending fund with $3.9 billion in commitments.

CapitalPlus Financial Services funded a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand the business by taking on more significant commercial projects.

Commercial chapter 11 filings increased 40% in July 2024 to 510 from the 364 filings in July 2023, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data. Overall commercial filings also increased 17% in July...

Onyx Asset Advisors (ONYX), CA Global Partners (CAGP) and Tiger Group will hold four online auctions in August featuring inventory from Southern California’s PIRCH Appliances.

In KBRA’s Q2/24 middle-market (MM) surveillance compendium, the company examines how revenue and EBITDA growth have cushioned the blow of higher interest costs among private credit borrowers.