News

Star Hill Financial, a certified Women Business Enterprise based in Fairfield, CT, reported a company record of more than $26 million in funding during Q1/22 across its equipment finance and franchise finance divisions.

Wolters Kluwer Compliance Solutions and Lightico are collaborating to leverage the capabilities of Wolters Kluwer’s eOriginal product suite of digital lending tools, including its eVaulting technology, to enhance Lightico customer transactions.

PNC Bank launched a new minority business development group, which will focus on advancing the financial wellness of emerging minority-owned businesses. Marshalynn Odneal, national sales executive for minority business, will lead this national effort.

Ares Management launched Ares Private Markets Fund, a newly registered, continuously offered, non-traded, closed-end fund.

Utah recently passed the Commercial Financing Registration and Disclosure Act, which requires companies that provide commercial financing products to register with the Utah Department of Financial Institutions and make certain disclosures.

Eastern Bank provided $8 million in financing to Boston Battery for working capital, real estate and equipment.

Brightwood Capital Advisors, a private credit and impact firm, received its third small business investment company license from the U.S. Small Business Administration.

MD Helicopters entered into an asset purchase agreement with a creditor consortium led by Bardin Hill and MBIA Insurance. The creditor consortium will acquire nearly all of the company’s assets and provide new capital to strengthen MD’s financial position.

Pemberton, an alternative credit specialist, formed a strategic partnership with iCapital to expand its wealth management solutions initiative.

MetaBank, the parent company of Crestmark, is changing its name to Pathward. The company will make certain changes immediately and fully transition to the name Pathward by the end of this calendar year.