Blue Torch Capital, a New York-based private credit investment firm, closed Blue Torch Credit Opportunities Fund III and its affiliated entities with total investor commitments of $2.3 billion, exceeding its $2 billion target.
According to analysis from Debtwire, since 2018, European credit funds have fully or partially equitized at least 61 loans provided to companies backed by private equity firms, but only five have been fully realized, leaving debt funds with 56 equity positions on their books at a time when exits are at a three-year low.
In ABF Journal’s fourth annual top women in specialty finance feature, more than 50 of the leading women in the sector shared their career accomplishments, as well as their perspectives on career development, mentorship, team dynamics and more.
Higher rates, money tightening and interference from regulators following regional banking turmoil in 2023 have severely affected the banking industry. Bank leaders across the asset-based lending space sat down to discuss what it all means for the bank ABL sector
Sheila Smith approached every piece of her life with a verve and energy only matched by her signature vibrant style. Despite her recent passing, her ability to build relationships and educate and promote others will have a lasting positive impact on both the turnaround and restructuring community and the world at large.
Building a supplier diversity program is a great way for corporations, private equity firms and other companies to support the economy while reducing costs. Lamont Robinson outlines how these programs work and how to measure their success.
Not all types of inventory are treated the same when being considered as collateral within a lending agreement. Neha Malhotra follows up a previous article on accounts receivable ineligibles to discuss types of ineligible inventory as well as how such inventory is appraised from a lending perspective.
Nearly half of all companies with employees in the U.S. are owned by underrepresented groups, yet such businesses often lack access to capital. U.S. Bank provides an overview of its business diversity lending program, which was designed to address the wealth gap.
Against the backdrop of higher interest rates, increased bank regulation and a brush with recession, Hugh Larratt-Smith of Trimingham Inc. spoke with asset-based lending industry thought leaders about what lies ahead this year.
ABF Journal is proud to once again provide its annual turnaround management directory, highlighting some of the top turnaround teams in the industry so struggling businesses (and their lenders) can get the support they need.