News

Golub Capital BDC, a business development company, originated $306.3 million in new middle-market investment commitments during the three months ended March 31.

Luckin Coffee completed the restructuring of its financial indebtedness and emerged from the bankruptcy proceeding commenced with respect to the company as debtor under Chapter 15 of Title 11 of the U.S. Bankruptcy Code.

KKR and Shriram General Insurance Company signed definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.

Société Générale will cease its banking and insurance activities in Russia and signed a sale and purchase agreement to sell its entire stake in Rosbank and its Russian insurance subsidiaries to Interros Capital, the previous shareholder of Rosbank.

Star Hill Financial, a certified Women Business Enterprise based in Fairfield, CT, reported a company record of more than $26 million in funding during Q1/22 across its equipment finance and franchise finance divisions.

Wolters Kluwer Compliance Solutions and Lightico are collaborating to leverage the capabilities of Wolters Kluwer’s eOriginal product suite of digital lending tools, including its eVaulting technology, to enhance Lightico customer transactions.

PNC Bank launched a new minority business development group, which will focus on advancing the financial wellness of emerging minority-owned businesses. Marshalynn Odneal, national sales executive for minority business, will lead this national effort.

Ares Management launched Ares Private Markets Fund, a newly registered, continuously offered, non-traded, closed-end fund.

Utah recently passed the Commercial Financing Registration and Disclosure Act, which requires companies that provide commercial financing products to register with the Utah Department of Financial Institutions and make certain disclosures.

Eastern Bank provided $8 million in financing to Boston Battery for working capital, real estate and equipment.