News

Solifi’s latest product enhancements for Solifi ABL included several new features aimed at improving efficiency through automation, reporting and customer experience.

Ares Management closed Ares Pathfinder Fund II at $6.6 billion in commitments. The fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target.

Water Gremlin has obtained a commitment for $10 million in debtor-in-possession financing from SG Credit Partners to support ongoing manufacturing and distribution as it considers offers to acquire substantially all of the assets of its U.S. and European divisions.

According to a study from private credit platform Percent, 63% of asset managers, hedge funds and wealth managers intend to increase their allocations to private credit due to predictions that the asset class will outperform other investment opportunities.

Premier Kings filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Alabama, with David Baker, managing partner of Aurora Management Partners, appointed chief restructuring officer to the debtors.

Small business owners are more optimistic about the future than they were a year ago, with slightly more than half (54%) saying their business is financially healthy, but inflation is still having a negative effect, according to the J.D. Power...

Pathward, a U.S.-based financial empowerment company driven by its purpose to power financial inclusion, expanded its partnership with TabaPay, a money movement platform for merchants and fintech brands.

LongWater Opportunities, a lower middle-market alternative asset manager, launched a dedicated private credit and capital solutions strategy focused on the lower middle market.

EisnerAmper earned ClearlyRated’s Best of Accounting Five-Year Diamond Award for excellence in client service. Diamond Award winners have won the Best of Accounting Award for at least five years in a row.

According to the second annual BMO Climate Institute Business Leaders Survey, the business impact of climate change is driving more business leaders to think about mitigation plans, especially in the U.S.