News

Ares Management closed approximately $5 billion in U.S. direct lending commitments across 54 transactions during Q1/22 and approximately $35 billion in direct lending commitments across 287 transactions in the past year.

Crestmark secured a total of $56.45 million in asset-based lending and factoring financial solutions for 26 new clients in the second half of March and the first half of April.

First Business Bank’s accounts receivable financing group funded a $3 million accounts receivable factoring facility for a waste management company.

Monroe Capital closed its 2022 Monroe Capital Private Credit Fund IV with $4.8 billion of investable capital, including targeted fund leverage and separately managed accounts investing alongside the fund. The fund has limited partner commitments with more than 300 investors...

IBI Investment House launched IBI CLO Strategies Fund, a fund investing in collateralized loan obligation debt, equity and warehouses. The fund signed a cooperation agreement with CIFC Asset Management.

KKR closed KKR North America Fund XIII (NAX3), an over-subscribed $19 billion fund focused on pursuing opportunistic private equity investments in North America.

EYP reached an agreement through which Ault Alliance would serve as a stalking horse for the purchase of substantially all of the assets of the company for $67.7 million, plus the assumption of significant liabilities associated with ongoing operations.

Blue Ridge Bankshares, the holding company of Blue Ridge Bank and BRB Financial Group, intends to phase out single-use plastics as part of its commitment to carbon neutrality by 2040. This policy will transition the company away from single-use plastic...

New Market Bank and Teslar Software partnered to streamline the bank’s commercial and consumer lending processes. The bank will leverage Teslar’s configurable lending process automation platform, starting with exceptions management.

Patrick Daugherty is partnering with former portfolio managers and Highland team members, Kevin Rourke and Niles Chura, to resurrect the alternative credit investing platform as Highland ERA Management.