News

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks stayed at 13.4% in June. Meanwhile, small banks experienced increased approval percentages for the first time since January, going from 18.7% in May...

PGIM Private Capital provided nearly $6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023. PGIM Private Capital is a source of private debt for public and...

St. Cloud Capital, a Los Angeles-based private investment firm, closed its fourth fund, St. Cloud Capital Partners IV SBIC (Fund IV) with total capital commitments of $236 million, including leverage from the Small Business Administration.

Defacto, a French lender, closed a securitization fund with Citi and Viola Credit for up to €167 million ($186.5 million). Citi will be the senior lender of the fund, while Viola Credit has renewed its trust in Defacto by continuing...

Marathon Asset Management closed Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending fund. The fund, which was oversubscribed, accepted $1.7 billion of capital commitments from a global base of institutional and high net worth...

B. Riley Securities will host its 2023 Consumer Conference in New York on Sept. 14. The conference will highlight companies from a range of consumer verticals who will share their stories with institutional investors.

United Capital Funding recently provided $8.5 million in factoring facilities, including a $3 million factoring facility for a technical support company in Missouri.

Golub Capital Private Credit Fund, a non-traded business development company, broke escrow with approximately $650 million in net proceeds on June 30. The fund seeks to generate current income and capital appreciation by investing primarily in privately originated and privately...

Culain Capital Funding completed a pair of accounts receivable factoring facilities for two startup medical staffing companies based in Texas. The first facility was for $200,000 and the second was for $250,000.

Monster Beverage and Vital Pharmaceuticals (which, together with certain of its debtor affiliates, does business as Bang Energy and VPX Sports) entered into an asset purchase agreement under which a subsidiary of Monster would acquire substantially all of Bang Energy’s...