News

According to J.P. Morgan’s 2024 alternatives outlook, much of 2023 featured a slowdown in private market activity, putting pressure on pricing in many alternative assets. This opened considerable investment value in some segments and could result in a compelling 2024...

S&P Global Ratings expects most banks to perform well and build capital in 2024, according to its 2024 U.S. bank outlook. Still, potential further declines in deposits, funding cost pressures, unrealized losses, commercial real estate exposures and economic uncertainty remain...

Canadian media company Black Press obtained an initial order under the Companies' Creditors Arrangement Act from the Supreme Court of British Columbia in Vancouver that provides for the approval of debtor-in-possession financing to be provided by Canso Investment Counsel.

Jefferies Financial Group and Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Mitsui Banking Corporation (SMBC) will expand their alliance to include enhanced collaboration across Europe, the Middle East and Africa on corporate and investment banking opportunities.

Greenberg Traurig's Mexico City office represented Banco Santander Mexico and HSBC Mexico in a two-tranche credit facility granted to a consortium of investors for the acquisition of a majority stake in Baja Aqua-Farms and its subsidiaries.

Bloomberg reported that Ares Management is working on launching a €20 billion ($21.9 billion) direct lending fund, which, according to Bloomberg, would potentially be “the biggest ever direct lending fund.”

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $10 million senior factoring facility to a worker management software company.

Middle-market private companies in the Golub Capital Altman Index grew earnings by 16% during the first two months of Q4/23, marking the highest year-over-year earnings growth since Q2/21. Revenue for middle-market private companies grew 7% during the same period.

Trinity Capital originated $340.7 million of total new commitments in Q4/23, bringing the company’s total new commitments for 2023 to $830.7 million. Additionally, Trinity funded a company record $641.8 million of investments in 2023.

Alvarez & Marsal launched a life sciences business unit. Mark Freitas will lead the division and serve as managing director and life sciences practice leader.