News

PNC FIG Advisory, part of PNC Capital Markets, expanded its client offerings through the introduction of PNC Asset Exchange, an online loan resource and marketplace for financial institutions.

The TCW Group, a global asset management company, closed a $400 million collateralized loan obligation fund, TCW CLO 2023-2, which is secured primarily by broadly syndicated first lien loans.

eCapital ranked No. 1,383 on the 2023 Inc. 5000, marking its debut on the list and highlighting its growth rate of 422% over the last three years. The Inc. 5000 offers a comprehensive data-driven perspective on the achievements of companies...

Merchant West Group, a privately owned South African financial institution, upgraded to Solifi ABL on Solifi’s Open Finance Platform.

Prime Trust and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

The banking industry has been closely measuring the possible regulatory after-effects of recent bank collapses. Those impacts may include closer regulatory scrutiny for both traditional and non-bank lenders, according to Kevin Wilzbach of Wolters Kluwer Compliance Solutions.

Warsaw, NY-based Five Star Bank expanded its suite of small business products and services. Through a partnership with Numerated, a business banking financial technology company, Five Star Bank is now offering digital loan origination for small businesses.

J D Factors provided $8.725 million in new factoring facilities to 35 new clients in the U.S. and Canada during the month of July, including a $2 million factoring facility for a semiconductor sales company in California.

Blackstone closed its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III), which closed at its hard cap of $7.1 billion, representing the largest energy transition private credit fund ever raised, according to Blackstone.

Another tranche of molded-pulp packaging equipment from manufacturer Zume, a provider of anti-leak and compostable products for the global foodservice industry, will go to auction on Aug. 17 in a sale by Tiger Group and Liquidity Services.