News

Weltman, Weinberg & Reis, a full-service creditors’ rights law firm, appointed attorney Cameron Deane as the new office managing attorney (OMA) in the firm’s Philadelphia office. Deane succeeds shareholder Michael Dougherty, who led the Philly office as OMA for 20...

BMO has joined the IBM Quantum Network, gaining access to IBM’s quantum infrastructure. This move enables the bank to develop and deploy quantum-powered solutions across its operations. BMO is the first Canadian bank to access the IBM Quantum Network. Utilization...

Porter Capital, a company in specialty financing solutions, has acquired a factoring firm specializing in the staffing sector. This acquisition integrates the firm’s client portfolio into Porter Capital’s operations. Key staff members have also joined Porter Capital. “This acquisition marks...

President Trump has renewed his efforts to eliminate the carried interest tax break, a longtime target of his, as part of a broader push for a Republican-backed tax overhaul before the end of the year, according to Bloomberg. Speaking to...

Runway Growth Capital, a provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, acted as the lead lender in a $75 million senior secured term loan facility that is part of a $120...

o15 Capital Partners, an alternative investment firm dedicated to providing growth capital to undercapitalized companies and communities, closed its inaugural fund, o15 Emerging America Credit Opportunities Fund, at approximately $370 million. The fund’s capital, together with capital raised by o15...

Oak Hill Advisors (OHA) served as administrative agent and joint lead arranger for the private unitranche facility used to support the acquisition of Triumvirate Environmental, a commercial waste management and environmental services provider to companies in the life sciences, healthcare,...

eCapital, a tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, a $10 million asset-based lending (ABL) facility to support the growth and operational needs of a behavioral health facility in Tennessee. The...

WebBank appointed Ken Laudano senior vice president, head of lender finance. In this capacity, Laudano will be responsible for growing the bank’s asset-backed lending business. Under Laudano’s leadership, the lender finance team will focus on providing debt capital to specialty...

King Street Capital Management, a global alternative investment firm, and Tor Investment Management, an independent alternative credit manager in Asia, created a $110 million financing solution for Soul of Japan (SOJ), a 10KT land-based Atlantic salmon farm project in Tsu...