News

JOANN, a retailer in sewing, fabrics and arts and crafts, has filed for Chapter 11 bankruptcy for the second time in less than a year. The move, announced in a press release on January 15, aims to facilitate a sale...

MidCap Financial, a commercial finance company focused on middle market transactions, provided a $17.5 million senior secured credit facility to Kellenberger, a portfolio company of Centre Lane Partners. Proceeds from the MidCap Financial credit facility will support Kellenberger’s ongoing working...

Prospect Medical received approvals from the United States Bankruptcy Court for the Northern District of Texas for certain “first day” motions related to the company’s voluntary Chapter 11 petitions filed beginning on Jan. 11, 2025. The bankruptcy court granted Prospect...

Encouraging signs from December’s inflation data, combined with robust bank earnings, have reignited hopes that the Federal Reserve may lower interest rates in 2025. The Bureau of Labor Statistics reported a 0.2% month-over-month increase in core inflation, the first slowdown...

Global private equity and venture capital deals showed resilience in 2024 as aggregate deal value increased for the first time since 2021, according to S&P Global Market Intelligence data. Total deal value rose 24.7% year over year to $639.02 billion,...

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...