News

Apollo’s asset-backed finance franchise and ATLAS SP Partners received cornerstone capital commitments from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

HPS Investment Partners, a global credit investment firm with $101 billion in assets under management, closed its second Core Senior Lending Fund (CSL II) and parallel investment funds and accounts with approximately $10 billion in investable capital.

Alleon Healthcare Capital closed a $500,000 medical accounts receivable factoring facility for a management service organization in California.

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks dipped from 13.5% in April to 13.4% in May. Meanwhile, approval ratings at small banks remained at 18.7%.

Gordon Brothers is offering for sale by online auction the tall ship Lord Nelson on behalf of Richard Lewis and Sarah O’Toole, the joint administrators of Jubilee Sailing Trust Limited.

According to a new study from the Secured Finance Network, total secured financing volume for U.S. commercial businesses in 2022 reached nearly $4.9 trillion.

Five Star Bank expanded into San Francisco, leveraging an existing team of Bay Area professionals led by DJ Kurtze, who will serve as Five Star Bank’s San Francisco Bay Area region president.

Progrexion and certain of its wholly-owned subsidiaries and affiliates filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

According to Epiq Bankruptcy, commercial Chapter 11 filings increased 105% in May 2023 to 680 versus the 332 filings in May 2022. Nearly half of the Chapter 11 filings were made by corporate subsidiaries.

According to Axios, JPalmer Collective has accrued $90 million in transaction activity, causing it to seek out increased funding, primarily with institutional investors.