News

Macquarie Asset Management made a minority investment in Sonen Capital, an investment firm that provides impact investment and advisory services to families, foundations, institutions and advisors.

The 4,553 total commercial Chapter 11 bankruptcies filed during the first nine months of 2023 represented a 61% increase over the 2,837 filed during the same period in 2022, according to data provided by Epiq Bankruptcy.

Armory Securities served as exclusive financial advisor to Aruze Gaming America in connection with the sale of its assets via a §363 auction under the U.S. Bankruptcy code.

Lucky Bucks, a Class B coin operated amusement machine route operator in Georgia, announced the completion of its restructuring process and successful emergence from Chapter 11 bankruptcy.

Crescent Capital Group launched Crescent Private Credit Income (CPCI), a non-exchange traded, perpetual-life business development company. Sun Life Capital Management, the majority owner of Crescent Capital, has committed $150 million to CPCI.

First Citizens Bank is extending its brand to cover numerous commercial business verticals that previously fell under its CIT division, including nearly all of the businesses within CIT’s commercial finance group.

nFusion Capital extended a $2 million factoring line of credit to Sullivan Commercial Painting, a Florida-based commercial painting company.

Solifi announced the latest product enhancements for its wholesale finance solution, including new features designed to provide North American customers with an enhanced lender and dealer experience.

Wells Fargo sold approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest Mezzanine Partners funds to a group of investors, including AlpInvest Partners, Atalaya Capital Management, Lexington Partners and Pantheon.

Minerals Technologies and its subsidiaries, Barretts Minerals (BMI) and Barretts Ventures Texas filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas to address and...