SVB Leerink added Thad Davis to the firm as a senior managing director. Davis will be part of the team leading SVB Leerink’s leveraged finance franchise.
Crescent Capital Group’s European specialty lending strategy provided financing in support of Arcline Investment Management’s acquisition of ChargePoint Technology.
Crescent Capital Group’s European specialty lending strategy provided a unitranche facility to support the refinancing of DMC Group, a global platform of needlecraft brands and a portfolio company of Lion Capital.
Annaly Capital Management entered into a definitive agreement to sell its commercial real estate business to Slate Asset Management, a global investment and asset management firm focused on real estate. The transaction is valued at $2.33.
Newtek Business Lending, a portfolio company of Newtek Business Services that originates and funds SBA 504 loans, closed a $100 million credit facility with Deutsche Bank. The facility will be used to fund SBA 504 loans and has an initial two-year term.
Oaktree Specialty Lending closed its previously announced merger with Oaktree Strategic Income Corporation (OCSI), with Oaktree Specialty Lending as the surviving company.
Align Capital Partners hired James Moss and Angus Anderson as vice president and operations director, respectively. Additionally, Align Capital Partners promoted Matt Iodice to principal and Katie Noggle to managing director of business development.
Kroll Bond Rating Agency assigned preliminary ratings to three classes of notes issued by Golub Capital Partners ABS Funding 2021-1, a securitization backed by a portfolio of recurring revenue and middle market corporate loans.
Ares Management closed its Ares Pathfinder Fund, L.P. With $3.7 billion in total commitments closed, the fund was significantly oversubscribed at its hard cap and exceeded its original target of $2 billion.
Tree Line Capital Partners, a direct lender focused on the lower middle market, served as agent and lead arranger for a first lien credit facility to support Westward Partners’ acquisition of Grant Aviation. The credit facility included a revolver and acquisition financing term loan.