News

Victory Park Capital closed its latest fundraise for its asset-backed opportunistic credit strategy. The fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed accounts investing alongside the fund.

To expedite customer requests and extend its real-time customer self-service capabilities, ENGS Commercial Finance leveraged the power of the Salesforce Cases tool to create a portfolio of online forms that address common customer requests and interactions on its website.

Electric Last Mile Solutions, a pure-play commercial electric vehicle company that has been focused on redefining productivity for the last mile, plans to file for Chapter 7 bankruptcy.

LiquidX, a global financial technology platform for digitization, monetization and risk mitigation for working capital, trade finance and insurance assets, finalized a strategic investment from Citi. The funding round was led by Broadridge, LiquidX’s largest strategic investor.

ABF Journal will host a livestream on June 28 at 1 p.m. EST to discuss how software-as-a-service (SaaS) technology can help factors and asset-based lenders modernize, protect and futureproof systems to stay the course through inevitable change and disruption.

Antares launched REACH, an initiative which will allocate $1 million of Antares’ own capital to a grant program in partnership with Hello Alice, a multichannel platform that helps businesses launch and grow.

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 15.1% in April to 15.3% in May, while approval rates at small banks (under $10 billion in assets) rose to 20.9%, according to the...

J.P. Morgan Asset Management closed its Lynstone Special Situations Fund II with $2.4 billion in capital raised from a broad set of institutional investors comprised of pension funds, insurance companies, foundations endowments and wealth managers across the globe.

Revolution Capital, a provider of factoring and cash flow financing in Canada and the United States, is celebrating its fifth year in business by rebranding to REV Capital.

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, there were 330 commercial Chapter 11 filings registered in May 2022, an increase of 34% from the 246 filings in May 2021.