News

Utica Equipment Finance completed a portfolio acquisition of equipment finance transactions valued at approximately $10 million. This acquisition enhances UEF’s portfolio of asset-based financing, further supporting its growth strategy.

After losing market share within the past few years, banks are clawing back corporate debt deals from private credit funds, according to Bloomberg.

The 6,067 total commercial chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36% increase over the 4,561 filed during the same period in 2023, according to Epiq AACER, a provider of U.S. bankruptcy filing data.

Summit Partners, a global growth equity investment firm, closed its latest flagship U.S. growth equity fund, Summit Partners Growth Equity Fund XII. Summit XII launched fundraising in late April 2024 and held its closing after approximately five months with $9.5...

State Street and TCW expanded their decades-long partnership that now includes the provision of middle office services. This engagement builds on and grows the existing suite of services that State Street continues to provide TCW.

Fifth Third Bank formed a new structure within its commercial bank. The new structure is designed to empower the bank to serve clients with a broader array of services, including more complex financial activities and expert investment advice.

Biz2Credit’s 2024 Latino-Owned Business Study found that, while revenues of Latino-owned companies increased (+11.6%), expenses rose more (+ 22.7%), resulting in lower earnings in 2023 – 24 than in 2022 – 23 (-$41.1K).

eCapital, a technology-enabled provider of financing to SMBs in North America and the UK, reported strong progress in its factoring division, surpassing $205 million in funding commitments year to date.

Cascadia Capital, an investment bank serving middle market clients globally, acted as the exclusive financial advisor to Westward Partners on its exit of portfolio company Cascade Coffee to LaSalle Capital.

Tiger Finance’s lending platform committed $125 million of capital in Q3/24 to support clients’ strategic growth initiatives across various business sectors.