News

Burford Capital, a finance and asset management firm focused on law, appointed Kenneth A. Brause to the role of CFO, effective May 3. Brause, who will replace Jim Kilman, was previously the CFO of OnDeck Capital.

Continued economic recovery from the shock of the COVID-19 pandemic kept the Q1/21 national Citizens Business Conditions Index (CBCI) in upbeat territory with a reading of 53.3. This compares with a Q4/20 reading of 56. A reading above 50 is...

Funds managed by Ares Management’s credit group closed approximately $3.6 billion in commitments across 45 transactions during Q1/21.

IDS completed its annual System and Organization Controls audit and received validation reports for SOC 1 Type 2, SOC 2 Type 2 and SOC 3. A third party conducted the audit to demonstrate the ongoing effectiveness of security controls for...

According to the Secured Finance Network’s 2020 Annual Factoring Survey, overall factoring volume in the U.S. declined 25.9% in 2020, while international factoring showed significantly increased activity, with a 61.8% rise in volume.

Metropolitan Capital Bank & Trust selected IDS ABL to support its small to medium business customers in accessing working capital through a technology platform.

The U.S. Bankruptcy Court for the Southern District of New York confirmed Garrett Motion’s plan of reorganization, positioning the company to complete the implementation of the plan, which will be led by funds managed by Centerbridge Partners and Oaktree Capital...

Deerpath Capital Management closed Deerpath CLO 2021-1, a $360 million collateralized loan obligation. This CLO represents the third CLO issued by Deerpath since 2018 and brings the firm's total CLO assets under management to approximately $805 million.

White Oak Commercial Finance delivered a $3 million recourse factoring facility to a factor that provides funding to the trucking and transportation industry.

Gordon Brothers and Ritchie Bros. created a formal joint venture: the Gordon Brothers & Ritchie Bros. Alliance, which will provide end-to-end asset advisory and asset remarketing services to the insolvency and restructuring market in Australia and Southeast Asia.