News

PNC Financial Services and the TCW Group partnered to deliver private credit solutions to middle market companies. The new joint strategy will focus primarily on directly originated, senior secured cash-flow and asset-based loans to both sponsored and non-sponsored middle market...

Brookfield Asset Management and Castlelake entered into an agreement whereby Brookfield will acquire a 51% stake in Castlelake’s fee-related earnings. The amount of capital to be invested will be approximately $1.5 billion.

Small business filings increased 60% year over year to 233 in April 2024, according to data provided by Epiq AACER. Commercial chapter 11 filings increased 40% year over year in April 2024 to 542. Overall commercial filings increased 39% year...

Small business sales grew 5.6% year over year and 2.2% month over month, according to the Fiserv Small Business Index for April 2024. Nationally, the seasonally adjusted Fiserv Small Business Index increased 4 points to 145.

Ambri, a provider of long-duration liquid metal battery storage systems, agreed to the terms of a stalking horse purchase agreement with a consortium of its lenders. To facilitate the sale, Ambri has filed voluntary petitions for reorganization under Chapter 11...

SVB Financial Group entered into a definitive agreement under which a newly created entity affiliated with Pinegrove Capital Partners will acquire SVB Capital, SVB Financial Group’s investment platform business.

KeyBank's 2024 Small Business Survey found that 65% of small business owners feel confident they could fund their operating expenses for one month with their cash reserves if an unexpected need arose.

eCapital closed a $5 million non-notification ledger line factoring facility for a private equity-backed medical supply company.

The majority of today’s business leaders expect to achieve revenue growth this year, with 32% believing revenues will grow by more than 10%, according to the 2024 Working Capital Survey from C2FO, an on-demand working capital platform.

A majority of small and mid-sized business (SMB) owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank...