News

In addition to the $50 million in inventory already on sale, Tiger Group, GA Group and SB360 Capital Partners are delivering $22 million in new items to the boutique-inspired stores and outlets. Discounts range from 30% to 60% off. The...

Sound Point Capital Management, a global alternative credit manager, held the final close of Strategic Capital Fund III with $1.5 billion in total capital commitments, reaching the fund’s hard cap after being substantially oversubscribed. With the final close complete, SCF...

Pulmonx, a global company in minimally invasive treatments for lung disease, closed a five-year credit facility for up to $60 million with Perceptive Advisors. The credit facility consists of an initial $40 million term loan drawn at closing to refinance...

First National Capital Corporation, a leading private credit CapEx and equipment financing company, has published new research examining how traditional bank financing creates a structural disadvantage for private equity operating partners executing post-acquisition integration plans. The report, 100-Day Integration: Equipment...

First Business Bank’s asset-based lending closed and funded $5 million credit facility, with the potential to expand to $24 million, to finance the growth of a healthcare services company in Wisconsin. “We’re pleased to provide this growth financing solution for...

Salem Five’s business credit team has successfully structured a $6 million credit facility for Magnus Texx, an Acton-based manufacturer and distributor of institutional textile and sustainable single-use disposable products. This new funding specifically targets working capital flexibility, allowing Magnus to deepen relationships...

Southern Realty Trust, a lender on the Tannenbaum Capital Group (TCG) real estate platform, expanded its senior secured revolving credit facility with the addition of Customers Bank. Customers Bank has committed $25 million to the facility, bringing total committed capital...

Gordon Brothers, the global asset experts, has been retained by Grocery Outlet to market a portfolio of retail leaseholds and related furniture, fixtures and equipment across California, Idaho, Pennsylvania, New Jersey, Maryland and Ohio. The engagement supports Grocery Outlet’s store...

TAB Bank closed a $2.5 million asset-based lending facility, which includes a $1.5 million inventory subline for Precision Assembly. The capital provided from this credit facility will create opportunities for Precision Assembly to accelerate growth, while advancing their goals of...

Prestige Capital appointed David B. Culotta as chief operating officer. In this role, Culotta will oversee operational strategy, enhance credit and risk management frameworks and support the firm’s continued growth within the invoice factoring sector. Culotta joined Prestige Capital in...