News

Ares Management closed its Infrastructure Debt Fund V (IDF V), which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors. IDF V held its final close on Dec. 29, 2022, at approximately $5 billion.

First Citizens Bank announced that its middle market banking business provided a total of $65.8 million in senior secured financing for affiliates of Morningstar Properties, an investor in and operator of self-storage facilities, marinas and other specialty real estate assets.

Cresset Partners has launched the Cresset Partners Private Credit Fund. The fund invests in a diversified portfolio of private senior secured loans, among other private credit opportunities, with the objective of delivering consistent income and strong downside management.

BHI provided an $80 million construction loan to 200 East 20th St., which is a development project of a new condominium building located at 20th Street and Third Avenue in the Gramercy Park neighborhood of Manhattan, NY.

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks fell from 14.6% in November to 14.5% in December and tied with January’s lowest monthly approval rate in 2022.

Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year.

Culain Capital Funding completed a $1 million accounts receivable factoring facility with a startup specialty maintenance staffing company based in Texas.

Solifi, a global fintech software company, partnered with Codat to make it easier for customers to optimize business operations, streamline processes and make informed decisions securely and accurately.

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $3 million factoring facility to a provider of temporary staffing and recruiting services with a more than 70-year history of family ownership successfully serving clients across the...

According to a survey from Grant Thorton, although many CFOs expect continued challenges attracting and retaining talent, the top area cited for potential costs cuts was expenses related to employee headcount and compensation.