News

Plus Funding Group closed and funded a $750,000 factoring credit facility for a specialty lightbulb company based in New York that provides a range of lighting solutions to commercial businesses.

Tiger Group and partner Southern Fabricating Machinery Sales will feature equipment from a closed Fairfield, NJ, plant that is surplus to the ongoing operations of a manufacturer of metal components and assemblies.

Ares Management closed approximately $5 billion in U.S. direct lending commitments across 54 transactions during Q1/22 and approximately $35 billion in direct lending commitments across 287 transactions in the past year.

Crestmark secured a total of $56.45 million in asset-based lending and factoring financial solutions for 26 new clients in the second half of March and the first half of April.

First Business Bank’s accounts receivable financing group funded a $3 million accounts receivable factoring facility for a waste management company.

Monroe Capital closed its 2022 Monroe Capital Private Credit Fund IV with $4.8 billion of investable capital, including targeted fund leverage and separately managed accounts investing alongside the fund. The fund has limited partner commitments with more than 300 investors...

IBI Investment House launched IBI CLO Strategies Fund, a fund investing in collateralized loan obligation debt, equity and warehouses. The fund signed a cooperation agreement with CIFC Asset Management.

KKR closed KKR North America Fund XIII (NAX3), an over-subscribed $19 billion fund focused on pursuing opportunistic private equity investments in North America.

EYP reached an agreement through which Ault Alliance would serve as a stalking horse for the purchase of substantially all of the assets of the company for $67.7 million, plus the assumption of significant liabilities associated with ongoing operations.

Blue Ridge Bankshares, the holding company of Blue Ridge Bank and BRB Financial Group, intends to phase out single-use plastics as part of its commitment to carbon neutrality by 2040. This policy will transition the company away from single-use plastic...