News

Castlelake and Aequum Capital entered a partnership to establish a new commercial lending platform for the origination and servicing of senior asset-backed loans to small and medium-sized businesses in the United States.

GoldenTree Loan Management II (GLM II) and its affiliated investment manager, GoldenTree Asset Management, closed a $487 million collateralized loan obligation to be managed by GLM II.

On Wednesday, the Federal Reserve announced it will raise the federal funds rate to a range between 2.25% to 2.5%, marking a 0.75% jump and its fourth increase this year.

First Eagle Alternative Credit, the $21 billion credit platform of First Eagle Investments, closed its fifth direct lending fund at more than $1 billion in total available capital, including leverage.

F.N.B. entered its next phase of strategic expansion in Virginia, including further growth of its retail network in the greater Washington, D.C., area and plans to extend its commercial banking operations into Richmond, VA, with a new loan origination center.

Red Mountain Capital Partners launched Red Mountain Capital Advisors and Red Mountain Securities, an investment banking platform focused exclusively on providing advisory services for middle-market public and private companies and their owners.

eCapital issued more than $53 million in new and increased facilities in the first half of 2022.

Commercial Finance Partners expanded the employee retention funding program it started in late 2021. Commercial Finance Partners has facilitated financing for more than $30 million of credits to date and is expanding the program.

SSG Advisors acted as the investment banker to U.S. Tobacco Cooperative and its affiliates in the placement of exit financing pursuant to a confirmed Chapter 11 plan of reorganization in the U.S. Bankruptcy Court for the District of North Carolina,...

Commercial Funding launched a YouTube channel and published its first educational video. The animated video, titled “CFI Explains Invoice Factoring,” provides a one-minute overview of the invoice factoring process and explains how invoice factoring improves cash flow.