News

Solifi unveiled the latest product releases for its Solifi Originations ROS and Portfolio Management ILS solutions for equipment finance. The new software releases provide enhancements to business management, efficiency and compliance.

Gordon Brothers selected Ivory Consulting’s SuperTRUMP platform to model and price its tax and non-tax financing solutions, which encompass offerings like operating leases, direct finance leases, sale/leasebacks and vendor financing.

Ares Management closed approximately $6.1 billion in U.S. direct lending commitments across 53 transactions during Q3/23 and approximately $20.6 billion in direct lending commitments across 189 transactions in the last 12-month period ended Sept. 30.

A strong labor market and resilient consumer trends supported a slight improvement in economic conditions in the U.S. during the third quarter as inflation showed some signs of abating, according to the Citizens Business Conditions Index.

Solifi’s latest product enhancements for Solifi ABL included several new features aimed at improving efficiency through automation, reporting and customer experience.

Ares Management closed Ares Pathfinder Fund II at $6.6 billion in commitments. The fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target.

Water Gremlin has obtained a commitment for $10 million in debtor-in-possession financing from SG Credit Partners to support ongoing manufacturing and distribution as it considers offers to acquire substantially all of the assets of its U.S. and European divisions.

According to a study from private credit platform Percent, 63% of asset managers, hedge funds and wealth managers intend to increase their allocations to private credit due to predictions that the asset class will outperform other investment opportunities.

Premier Kings filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Alabama, with David Baker, managing partner of Aurora Management Partners, appointed chief restructuring officer to the debtors.

Small business owners are more optimistic about the future than they were a year ago, with slightly more than half (54%) saying their business is financially healthy, but inflation is still having a negative effect, according to the J.D. Power...