News

Benefit Street Partners closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy.

FTI Consulting’s 2024 Leveraged Loan Market Survey found that cautious optimism prevails among lenders after a challenging year, with 45% of respondents believing that the probability of a U.S. recession is minor compared to last year when only 29% had...

SG Credit Partners, through its SG software and technology division, annkunced a senior debt investment in AudioEye, a company in the digital accessibility space.

Stellus Capital Management’s affiliates provided senior debt financing and an equity co-investment in support of Interlock Equity’s investment in evolv Consulting, a data-driven digital consulting firm.

Second Wind Consultants facilitated an eight times recovery for Byline Bank through an Article 9 restructuring of a Texas-based ophthalmological testing and research facility.

Principal Asset Management's direct lending investment team, known as Principal Alternative Credit, has closed on more than 115 transactions as of Dec. 31, 2023, and has exceeded $2 billion in total borrower commitments since its inception in July 2020.

Gibraltar Equipment Finance closed a $1.75 million equipment lease to support an electric utility infrastructure services company. The new capital equipment facility will support the company’s recent geographical footprint expansion.

Citi and LuminArx Capital announced the launch of Cinergy, a financing vehicle in the private lending market. Launched by LuminArx Capital, Cinergy will offer a range of private credit solutions to companies, including Citi’s global client base.

According to Phoenix Management’s Q4/23 “Lending Climate in America” survey, Overall, a majority of lenders (83%) signified a decline in credit ratings from Q3/23 to Q4/23, with 67% of lenders indicating a slight decline and 17% indicating a more-than-slight decline.

According to Mitsubishi UFJ Financial Group (MUFG)’s 2024 economic outlook, a so-called U.S. 'soft landing' seems increasingly plausible, although MUFG’s economists are still looking for a cyclical slowdown.