News

MUFG Bank established the Marunouchi Climate Tech Growth Fund with Mitsubishi Corporation and Pavilion Private Equity. The fund has Marunouchi Innovation Partners as its general partner, and will invest mainly in climate-tech-related startups.

Moritt Hock & Hamroff opened a new office in the Fort Lauderdale, FL, metro area to serve the southeast Florida market. Gregory J. Ritter, the founder of Florida-based law firm Ritter & Chusid will join Moritt Hock & Hamroff as...

The Federal Deposit Insurance Corporation released an internal review evaluating its supervision of Signature Bank. According to the review, “the root cause of failure was poor management.”

Funds managed by the credit group of Ares Management closed approximately $2.1 billion in U.S. direct lending commitments across 35 transactions during Q1/23.

U.S. Bank introduced a new business diversity lending program that will expand the ability of women-, minority- and veteran-owned businesses to obtain capital, building upon the bank’s broader efforts to support underrepresented businesses and help address the wealth gap.

Lendscape, a technology provider for the secured finance industry, and Validis, a financial data API provider, entered a strategic partnership to accelerate digitalization and innovation in the business finance market.

eCapital Healthcare delivered funding to nine businesses in the healthcare industry during Q1/23. The transactions, ranging from $1 million to $15 million in size, included eight working capital loans and one senior housing real estate bridge loan.

Lisa Rafter, publisher of Monitor, announced the nominees for Monitor‘s Converge Awards. The winner of each award will be revealed at Monitor’s 50th Anniversary Converge Gala in Philadelphia on June 15.

Citizens announced its national Citizens Business Conditions Index (CBCI) rose to 53.9 in Q1/23, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends.

Oaktree Capital Management closed Oaktree European Capital Solutions Fund III, a private debt fund that closed with a total capital commitment of €1.2 billion ($1.33 billion).