News

Fitch Ratings assigned an expected long-term issuer default rating of BBB- to Blackstone/GSO Secured Lending Fund. The rating outlook is stable.

Citizens M&A Advisory served as the exclusive financial advisor to Gunnison Tree Services, a provider of tree and vegetation management services, on its recapitalization by Warren Equity Partners, a Jacksonville, FL-based lower middle market private equity fund.

Retail inventory valuations bounced back quickly in May and June as Americans responded to retail re-openings by hunting for bargains at liquidation sales, according to Tiger Capital Group executives.

Triumph Business Capital closed the acquisition of the transportation factoring assets of Transport Financial Solutions for approximately $132.2 million, including contingent consideration of approximately $9.9 million.

Kayne Anderson Capital Advisors continued the expansion of its renewable investment platform with a series of solar investments in the second quarter. The firm also named Jon Levinson and J.C. Frey co-heads of its renewable platform.

Red Swan Risk is enhancing RiskON through Asset Control’s managed service offering, PaSSPort, to provide a seamless data experience to its clients.

Apollo Global Management formed Apollo Strategic Origination Partners, which will originate direct lending solutions and is anchored by Mubadala Investment Company. In addition, Apollo upsized and extended its partnership with Apeiron Management.

The ABI reported total commercial Chapter 11 filings during the first six months of 2020 increased 26% to 3,604 from the 2,855 total filings during the same period in 2019, according to data provided by Epiq.

Alterna Equity Partners completed a follow on $15 million preferred equity investment to its initial investment in Alterna Capital Solutions.

Digital Power Lending will begin offering loan services on its fintech portal DigitalPowerLending.com, and its other affiliated websites, and will begin brokering loans through various financial institutions beginning in Q3/20.