News

Colbeck Capital Management, a middle-market private credit firm focused on strategic lending, raised $700 million in capital commitments for its third flagship fund, Colbeck Strategic Lending III, exceeding its target by 40%. The fund received strong support from both existing...

Marco recently funded a $10 million asset-based lending revolving facility for a pharmaceutical wholesaler that sells to independent pharmacies across the United States. This financing, involving loans against accounts receivable and inventory, replaces a bank loan that restricted the company’s...

MonticelloAM, a specialized multifamily and seniors housing bridge lending platform, closed a $73.2 million in total bridge and working capital financing for a portfolio of seniors housing and healthcare properties across Ohio. The $64.7 million floating-rate senior bridge loan will...

The US Department of Treasury released its report, Financing Small Business: Landscape and Policy Recommendations, outlining steps the industry, federal and state government and financial regulators can take to ensure uniform and clear rules around borrowing. In September, NALCAB participated...

Garrington Capital, a secured asset-based lender providing private loans to small and medium- sized enterprises across North America, appointed Tammy Kemp to the position of president of Garrington. “Tammy’s strategic vision and commitment to excellence make her the ideal leader...

Ares Management, a global alternative investment manager, closed its sixth commingled European direct lending fund, Ares Capital Europe VI. With total commitments of €17.1 billion, the fund closed above its €15 billion target and reached its hard cap. The final...

Womble Bond Dickinson hired Matthew S. Morgan within the firm’s finance, bankruptcy, and restructuring practice in Charleston. A seasoned financial services attorney, he has over two decades of experience working in both Am Law 100 firms and leading buy-side and...

Cambridge Wilkinson closed a senior credit facility (undisclosed amount at the client’s request) for a specialty finance company focused on small and medium-sized business lending. The client required a scalable credit structure to support its rapidly growing portfolio. Cambridge Wilkinson...

Mohit “Mo” Ramani will join KeyCorp as chief risk officer (CRO), effective January 23, 2025. “I am very pleased to welcome Mo to Key,” Chris Gorman, chairman and CEO of KeyCorp, said. “I am confident that with Mo’s leadership, experience...

Blank Rome welcomed Daniel J. Sobol and Brandon S. Shemtob to the firm’s labor and employment group in Philadelphia. Sobol and Shemtob represent national and regional employers across industries in a range of traditional labor, union and employment matters. They...