News

Crescent Capital Group, an alternative credit investment firm, closed its eighth private credit solutions fund, Crescent Credit Solutions VIII, raising $8 billion in investable capital, including targeted leverage and separately managed accounts investing alongside the fund.

Starry Group Holdings and subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and have entered into a restructuring support agreement with lenders holding...

A&G Real Estate Partners, in its capacity as real estate advisor to Party City Holdco (PCHI), plans to auction 12 Party City leases in six states – the first tranche to become available as part of PCHI’s expedited financial restructuring.

Wolters Kluwer will bring together four of its global enterprise software businesses to form a new corporate performance and environmental, social and governance division to meet the growing demand for financial, operational and ESG performance management and reporting solutions.

Solifi will implement its end-to-end originations and portfolio management solution across four European countries in support of a German transport equipment manufacturer's financing business.

United Trust Bank partnered with asset finance software specialist Alfa and enterprise automation platform Workato to create an integrated digital solution aimed at improving service levels, speed of decisions and payouts.

Yak Access, a provider of temporary access roads and related services, received the support of the holders of 100% of its funded debt obligations, as well as its principal equity holder, Platinum Equity, for its restructuring support agreement.

Bain Capital Credit launched Bain Capital Private Credit, a perpetual life, non-traded business development company. The fund will offer access to income-producing investments in middle market companies that have historically been available mostly to institutional investors.

SG Stonegate Capital made a senior debt financing investment in Mike’s Hot Honey, a food product company that creates quality honey infused with chili peppers. The debt financing will support Mike’s Hot Honey’s continued growth and innovation.

B. Riley Advisory Services, a provider of specialty business advisory services, expanded its appraisal and valuation services with the addition of a dedicated field examination practice. Thomas Scotti will lead the new practice as managing director.