News

Tikehau Capital raised €3.3 billion ($3.38 billion) for the fifth generation of its direct lending strategy. The fundraise comprises Tikehau Direct Lending V, the flagship vehicle for the group’s direct lending strategy, which has reached a final close and bespoke...

The global commercial lending market is estimated to register a revenue of $27,406.6 billion by 2028, growing at a healthy CAGR of 14.4% during the forecast period of 2021 to 2028, according to a new report from Research Dive.

Performant Capital formed Provider Technology through the acquisitions of DavLong Business Solutions and its affiliate Administrative Advantage and On Demand Solutions. Provider Technology is a technology provider of outsourced software and IT services, RCM and back-office business support.

Crestmark, the commercial finance division of Pathward, secured a total of $33,772,677 in asset-based lending and factoring financial solutions for 23 new clients in the June.

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.