News

Nomura Private Capital launched its first investment product, the Nomura Alternative Income Fund. This inaugural fund marks a milestone in Nomura's global push into private markets, with the firm providing an initial $100 million to seed the fund.

US Capital Global further expanded its range of custom bridge finance solutions for middle-market businesses, as it will now provide bridge loans of up to $100 million.

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $2 million non-recourse factoring facility to a wholesaler of contemporary men’s apparel.

Hercules Adviser, a wholly-owned subsidiary of Hercules Capital, established a new institutional private credit lending program to support venture and growth stage companies being impacted by recent market events across the venture and growth stage lending ecosystem.

Vemanti selected Finastra and Lendscape to help build a SME-focused neobank in Southeast Asia. Vemanti will use Finastra’s core banking solution, Fusion Essence, while utilizing Lendscape’s invoice finance and supply chain finance technology.

The American Bankruptcy Institute will hold its annual spring meeting in Washington, D.C. from April 20 to April 22.

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.75% and 5% on Wednesday, marking a quarter point increase and its second such move of 2023.

The Korea Economic Daily named Monroe Capital the winner of its 2022 Best Performance in Private Debt – MidCap award as part of the Best Asset Managers by Korean Investors Awards Program.

According to Timothy Burniston, a regulatory compliance expert at Wolters Kluwer Compliance Solutions, markets should be reassured by the response of federal regulators to maintain stability in the U.S. banking system in the wake of the collapse of Silicon Valley...

A joint venture group consisting of Hilco Merchant Retail Solutions, Gordon Brothers Canada, Tiger Asset Solutions Canada and B. Riley Retail Canada were assigned to oversee liquidation sales at 13 Nordstrom store locations in Canada.