News

Pemberton, a European private credit manager, hired Sanford (Sandy) Ewing as a new managing director for the firm’s business development team. Ewing will support Pemberton’s international expansion and joined the company to cover the North American region.

LSQ, a provider of working capital solutions, originated a $5 million facility for a staffing agency in Alabama.

H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital, arranged a refinancing package for Grupo Hospitalario Recoletas (Recoletas). The package includes a significant growth capital component.

Wells Fargo Asset Management’s closed-end funds will change their names to include the name Allspring, with the name change expected to go into effect on Oct. 11. Wells Fargo Asset Management will also change its name to Allspring Global Investments.

The strength of the economic recovery pushed this past quarter’s national Citizens Business Conditions Index (CBCI) to 57, its highest reading in three years and up five points compared to last year. A reading above 50 is considered expansionary.

Emerald Energy Venture, a joint venture of National Grid, secured a $150 million portfolio revolving facility with an accordion feature up to $250 million. SMBC was lead arranger, bookrunner, green loan coordinator and collateral and administrative agent for the facility.

Motus GI Holdings refinanced its debt and expanded its long-term credit facility with a new loan agreement with Kreos Capital for up to $12 million. The new facility replaces Motus GI Holdings' previous term loan agreement with Silicon Valley Bank...

CarVal Investors will expand its CLO platform by creating and managing CLOs that will focus on public and private companies with favorable ESG risk scores.

KKR released its 2021 mid-year outlook piece by Henry McVey, CIO of KKR’s Balance Sheet and head of Global Macro and Asset Allocation. The key message to investors is to get long pricing power and collateral-based cash flows.

White Oak Commercial Finance expanded its retail offering with the formation of its national retail finance group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends.