News

Credit Suisse Asset Management and the Qatar Investment Authority will form a direct private credit platform that will provide financing primarily in the form of secured first and second lien loans to upper middle market and larger companies in the...

The effect of COVID-19 on the asset-based lending market became apparent in the second quarter as the industry’s most recent data reflect a 24.1% decline in total bank loans and 29.4% drop quarter over quarter in non-bank lending, according to...

Canopy Rivers will act as a debtor-in-possession lender and provide up to $7.2 million in DIP financing to PharmHouse, which obtained an order from the Ontario Superior Court of Justice granting it creditor protection under the Companies' Creditors Arrangement Act.

EducationDynamics has raised $80 million from WhiteHorse Capital Management to finance the acquisition of Thruline Marketing assets from Oaktree Capital Management. The company also raised $12.5 million from Encina Business Credit in the form of a revolving credit facility.

The U.S. Small Business Administration named Spell Capital Mezzanine SBIC Partners II of Minneapolis the 2020 Small Business Investment Company of the Year as part of National Small Business Week.

White Oak Commercial Finance’s government contracting finance division provided $4.5 million in factor and ABL-based credit facilities to three aerospace businesses providing specialized services to U.S. Defense agencies.

UMB Capital Finance recently closed four asset-based credit facilities with commitments in excess of $71.8 million.

Gerber Finance launched Naturally Gerber Finance, the company’s newly formed division focused on the natural products market. Andrew Hollingsworth, former CFO at Numi Organic Tea, who was hired by Gerber Finance earlier this year, will helm the new division.

Reech Corporations Group launched a new merchant banking and capital markets division and appointed Christopher Yoshida lead as CEO. The division will deliver financing needs to Reech Corporations Group as it invests in companies in finance, real estate and technology.

Leucadia Asset Management entered a relationship with FourSixThree Capital, which will be led by Scott Balkan as CIO, Bill Kelly as COO and chief compliance officer, Drew Newton as head of research and Rayan Joshi as head of restructuring.