Brightwood Promotes Zomback to CFO, Katz to Managing Director and Malone to Director
Brightwood Capital Advisors promoted Russell Zomback to CFO, Mikhail (Mike) Katz to managing director of investments and Chris Malone to director of investments.
Brightwood Capital Advisors promoted Russell Zomback to CFO, Mikhail (Mike) Katz to managing director of investments and Chris Malone to director of investments.
Comvest Credit Partners acted as administrative agent and sole lender on a $95 million credit facility to ARCA Holdings, a manufacturer of cash automation solutions, to repay existing debt.
Eagle Point Credit Management added Seth Weinstein to the firm as a director of business development. Weinstein most recently served as senior vice president of business development at CQS, a credit-focused multi-strategy asset manager.
JPMorgan served as leader alongside six banks on a $475 million revolving credit facility for business development company Golub Capital BDC.
Audax Private Debt acted as administrative agent and co-lead arranger on a second lien credit facility to support the merger of QuantiTech and Millennium Engineering and Integration Company.
Global credit manager GoldenTree Asset Management closed $725 million in commitments on a second CLO strategy (GLM II) as part of its GoldenTree Loan Management program.
Antares closed more than 220 transactions in 2020, issuing nearly $14 billion in financing commitments to middle market, private equity-backed companies.
The Carlyle Group’s global credit platform led and structured a debt financing package to support Blue Point Capital Partners’ acquisition of Cleveland-based Transtar Holding Company, a global provider of transmission and driveline-related solutions.
Since the start of the COVID-19 pandemic, struggling SMEs and SMBs have found it more difficult to find the capital they need to survive. At the same time, alternative lenders like fintechs have had to adapt their plans in order to continue being a reliable source of financing. Such creativity will still be needed in 2021 as more opportunities arise.
Avante Capital Partners, a women-owned private credit and structured equity firm, completed a unitranche debt and equity investment in SSI Strategy Holdings to support a growth investment by Amulet Capital Partners.