News

Patrick Daugherty is partnering with former portfolio managers and Highland team members, Kevin Rourke and Niles Chura, to resurrect the alternative credit investing platform as Highland ERA Management.

War in Ukraine and lockdowns in China have sent global order volumes tumbling in the first three months of 2022 according to new data from Tradeshift, a B2B payments network connecting commerce across supply chains.

West Town Bank & Trust launched its dedicated cannabis banking program. The banking program at West Town Bank & Trust offers a full suite of financial service products to cannabis businesses and their ancillary partners.

First Business Bank funded a $4.5 million accounts receivable factoring facility by its accounts receivable financing group. The new client is a transportation company facing growth challenges. This facility will support the client’s continued growth.

Wintrust Commercial Finance is celebrating seven years in business this month. Since its inception with four founding employees, WCF has grown to a staff of 50, including new personnel hired in the WCF Aviation Group.

Monroe Capital was recognized by Global M&A Network as the Small Mid-Markets Lender of the Year. Award winners were honored at the virtual Americas M&A Atlas Awards Gala held on January 29, 2022.

Configure Partners, a middle-market investment bank, acted as financing advisor to Stellex Capital Management in securing committed debt capital to support Stellex’s acquisition of RTC Aerospace.

Edgemere Dallas initiated a voluntary and comprehensive restructuring through Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas.

In its annual indicator of industry activity, the Secured Finance Network (SFNet) found cause for optimism but warned members to expect continued economic pressures in 2022.

Charles D. Sheehy is a new commercial banking customer of Eastern Bank, which will provide financing for a working line of credit, term loan and commercial real estate mortgage to support the company’s ongoing financial and growth needs.