News

StepStone Private Wealth launched the StepStone Private Credit Income Fund (CRDEX), an evergreen interval fund. CRDEX will use a “multi-lender” approach to employ both direct lending and specialty credit strategies to construct its portfolio.

Founded in 1884, Oxford Bank is celebrating its 140th year in business. The bank became a publicly traded company in 2016, now boasting $816.666 million in bank deposits and a 36% increase in earnings since 2022.

Certain holders of BYJU’s Alpha $1.4 billion term loans and GLAS Trust have filed petitions pursuant to Chapter 11 of the U.S. Bankruptcy Code to initiate involuntary Chapter 11 proceedings against the three U.S.-based guarantors of the term loans.

Principal Asset Management launched the Principal Private Credit Fund I, offering exposure to lower and core middle market loans. The fund will target 90+% exposure to private credit. This fund is managed by Principal Alternative Credit.

Rubio’s Restaurants, a restaurant chain specializing in coastal Mexican food, has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company is taking this action to facilitate the sale of the business.

Financial consultant Yerbol Orynbayev urges regional banks to triple their investment in digital apps to avoid another banking crisis. The intervention from the former World Bank governor follows reports that the number of weak U.S. banks rose to 52 in...

The Haynes Boone team, led by capital markets and securities partner Greg Samuel and associates Logan Weissler and Taylor West, advised TXSE Group on all securities law aspects of its successful $120 million private offering and planned launch of Texas...

Trinity Capital, a provider of diversified financial solutions to growth-stage companies, has completed the liquidation of the shares of common stock of Core Scientific that it received in satisfaction of its claim in Core’s chapter 11 bankruptcy.

Small business filings, captured as subchapter V elections within chapter 11, registered a 53% increase to 228 in May 2024 from 149 in May 2023, according to data provided by Epiq AACER. Commercial chapter 11 filings, as well as overall...

First Citizens BancShares, the parent company of First Citizens Bank, was named for the first time to the Fortune 500 list of the largest companies in the U.S. by revenue, ranking No. 182. In addition, the bank was listed at...