News

ORG GC Midco, the indirect owner of GC Services, commenced a fully consensual prepackaged case under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. GC Services is not included in...

CVC Credit priced Apidos XXXVIII, a collateralized loan obligation fund totaling $508 million and arranged by Bank of America. This is the seventh CLO fund CVC Credit has priced globally this year, with all funds holding an aggregate value of...

BMO Financial Group completed the sale of the entities that represent its EMEA asset management business to Ameriprise Financial.

American Equity and Monroe Capital closed on a $1 billion investment in Monroe Capital’s dedicated technology lending platform focusing on middle-market software, technology and recurring revenue loans originated and underwritten by Monroe.

SSG Capital Advisors acted as the investment banker to Tri-Wire Engineering Solutions in the sale of substantially all of its assets to ITG Communications. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court...

Blackstone created a structured finance group, bringing together Blackstone Real Estate Debt Strategies (BREDS) and the firm’s various asset-backed finance activities. Jonathan Pollack, currently the global head of BREDS, was named global head of the structured finance group.

Monroe Capital Corporation, a business development company affiliate of Monroe Capital, reported its financial results for the third quarter, including adjusted net investment income of $6.4 million and an increase in net assets from operations of $7.2 million.

Allspring Global Investments officially commenced operations as an independent asset management firm. This marks the close of the acquisition of Wells Fargo Asset Management by GTCR and Reverence Capital Partners. The firm’s new name, Allspring Global Investments, takes effect immediately.

Funds managed by Ares Management’s credit group closed approximately $7.2 billion in commitments across 54 transactions during Q3/21 and approximately $27 billion in commitments across 244 transactions in the 12-month period ended Sept. 30.

Citizens reported that the Citizens Business Conditions Index fell slightly to a mark of 57.1 in Q3/21 from Q2/21’s reading of 57.4. Despite the decrease, Citizens said the third quarter’s reading reflects continued strength in the recovery since COVID-19 stunned...