News

Crescent Capital Group, an alternative credit investment firm, closed its third direct lending fund, Crescent Direct Lending Fund III, raising $6 billion in investable capital, including targeted leverage and separately managed accounts investing alongside the fund.

According to Cerebro Capital, 52% of non-bank lenders expect increased commercial and industrial loan demand that began in Q4/21 to continue due to a predicted deterioration of the economy over the next six to 12 months.

Stone Point Capital and R. Seelaus partnered to create Seelaus Financial. Seelaus Financial says it will be the first women-owned platform capable of underwriting, structuring, arranging and distributing leveraged loans on a committed and best-efforts basis.

Franklin Capital completed a $1 million factoring facility for a piping supplier headquartered in the UK.

Crestmark, the commercial finance division of MetaBank, secured a total of $23.05 million in asset-based lending and factoring financial solutions for 19 new clients and its structured finance group provided $11.266 million in financing for eight new clients in January.

Exeter Finance extended its agreement to use the Solifi platform in more than 11,000 U.S. auto dealerships.

Bain Capital Specialty Finance (BCSF) formed Bain Capital Senior Loan Program (SLP). The SLP will provide BCSF with greater balance sheet flexibility to capitalize on senior middle market loan opportunities to borrowers in North America.

LSQ forged a partnership with the Michigan Minority Supplier Development Council to provide working capital assistance to minority-owned businesses in myriad industries across the state of Michigan.

MidCap Business Credit formed a new entity, MidCap Equipment Finance, and hired a team of investment professionals to begin offering equipment loans and leases. Saurin Shah, co-founder of SLR Equipment Finance (formerly known as Nations Equipment Finance), will lead the...

New financing commitments made across Ares Management's U.S. direct lending strategies more than doubled to $33.4 billion in 2021 compared with 2020.