News

Rand Capital, a business development company providing alternative financing for lower middle market companies, completed the previously reported acquisition of its portfolio company, SciAps, by Spectris.

The Institute for Portfolio Alternatives (IPA) relaunched its brand, representing a new chapter for the organization. The company also launched a new website designed to highlight its offerings and enhance user engagement.

Axxes Capital, a private markets asset management firm, secured strategic investment from Grupo Mercantil Santa Cruz as part of its Series A fundraising round. This investment will bolster Axxes Capital’s growth and extend its reach throughout Latin America.

C&N invested in local education with donations totaling $921,556 to area educational improvement, scholarship and pre-kindergarten scholarship organizations. These donations were made under the Educational Improvement Tax Credit (EITC) Program.

nFusion provided a $2 million factoring facility to help a construction company pay subcontractors faster in order to acquire additional subcontractors’ services, which enabled the company to take on bigger projects and continue to grow.

KBRA released research on the potential default of Khoros (formerly known as Lithium Technologies) and its effects on KBRA-rated transactions and the wider private credit market.

euNetworks closed on a €2.1 billion equity recapitalization. Investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super and direct investments from the Investment Management Corporation of Ontario (IMCO) and APG Asset Management.

Deerpath Capital Management, a private credit manager focused on lending to the U.S. lower-middle market, reset and upsized Deerpath CLO 2018-1, a $402.8 million collateralized loan obligation (CLO).

KBRA released an update to its May analysis, reporting that annual recurring revenue was slightly down quarter over quarter, marking a decline for the first time since Q4/21.

European venture capital firm redalpine closed its largest-ever fund, redalpine capital VII (RAC VII), at $200 million. Alongside this milestone, redalpine is expanding its footprint with a new office in London, enhancing its commitment to unlocking innovation across Europe.