News

November commercial chapter 11 filings were 680, a decrease of 22% from the 865 filings registered in November 2023, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data.

H.I.G. Bayside Capital, the special situations credit affiliate of H.I.G. Capital, a global alternative investment firm, closed H.I.G. Bayside Loan Opportunity Fund VII. The fund closed with $1 billion of aggregate capital commitments.

iCap Enterprises and its affiliated debtors, a Seattle-based real estate investment firm that raised over $250 million and was exposed as having operated as a pre-petition Ponzi scheme, successfully emerged from Chapter 11 under a court-approved joint plan of liquidation.

Matrix Applications, a New York-based financial technology and operational service bureau for the capital markets, formed a new customer agreement with Velocity Clearing.

Asset Based Lending, a provider of private capital to real estate investors, opened a second headquarters in Cherry Hill, NJ. The new office will be home to employees in the Philadelphia and South Jersey region.

SC&H, a national consulting and financial services firm, opened its new office in Chicago. It will be led by Mike Fixler, who joined SC&H Capital, the firm’s investment banking practice, as managing director earlier this year.

Obra Capital closed its inaugural collateralized loan obligation offering (CLO), Obra CLO 1, at over $400 million in size. It will be managed within Obra’s leveraged finance platform led by Scott Macklin, head of U.S. leveraged finance and Peter Polanskyj,...

Deal-making and financing globally are set for recovery in the year ahead after a tough past 12 months as interest rates ease worldwide, new global research from Ocorian shows.

The TCW Group closed its third CLO issuance of 2024, securing $400 million for TCW CLO 2024-3, backed by first-lien loans.

The Fall 2024 Haynes Boone borrowing base and price deck surveys reveal a steady borrowing base outlook despite geopolitical turbulence and evolving energy policies, with a divide in the expectations for oil and natural gas prices.