News

CIT Group’s power and energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver.

1871 and BMO Harris Bank selected Delshan, Hope Trust, Plinqit, Pocketnest and The Wealth Factory as the five participating companies in the WMN•FINtech program, which is a mentoring program for women-led financial technology startups.

FTV Capital provided $35 million in growth equity funding to Derivative Path, a capital markets financial technology and services company.

White Oak Commercial Finance Europe, a provider of senior secured financial solutions to small and medium sized enterprises, mid-market, private equity (PE)-owned and PLC firms across the UK and Europe, launched a new website.

Altimetrik introduced a Paycheck Protection Program forgiveness solution for banks and other lenders to ease the burden of the loan forgiveness system.

Crestmark provided more than $29 million in commercial financing transactions to 126 businesses in the first half of June, including more than $5 million in term loans by the company’s government guaranteed lending group.

GNC Holding and certain of its secured lenders and key stakeholders reached an agreement to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S....

Ares Management, an alternative investment manager, closed ts Ares Special Opportunities Fund. The fund was significantly oversubscribed at more than $3.5 billion of commitments relative to its $2 billion target.

Carl Marks Advisors is acting as restructuring advisor, Cantor Fitzgerald is serving as investment advisor and Greenberg Traurig is serving as legal advisor to American Addiction Centers, which filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code.

Fundbox, a B2B payment and credit network, selected LoanPro, a cloud-based loan servicing platform, to accelerate the development of flexible credit management capabilities.