Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, facilitated the closing of $29.5 million in debt financings to two companies.
Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, recently facilitated the closing of seven transactions totaling $20 million.
Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, recently facilitated the closing of three financing transactions totaling $18 million.
According to Cerebro Capital, 52% of non-bank lenders expect increased commercial and industrial loan demand that began in Q4/21 to continue due to a predicted deterioration of the economy over the next six to 12 months.
Cerebro Capital hired John Robinson and James Paterson as managing directors of credit origination. Together, Robinson and Paterson will source credit opportunities among private equity firms, investment banks and other advisors to the middle-market for placement on Cerebro’s platform.
Cerebro Capital raised a $5 million asset-based facility for the manufacturer of innovative medical devices. In a second transaction, Cerebro Capital was engaged by a private equity sponsor to secure a $9.5 million senior facility for the acquisition of an architectural glass business.
Cerebro Capital, a commercial loan marketplace, appointed Chris Dalo executive vice president and Michele Hsu vice president of marketing. Together, Hsu and Dalo will build out Cerebro’s business development and marketing to support new client demands.
According to a survey from Cerebro Capital, lenders in the commercial and industrial sector experienced increased demand for credit because of the booming M&A market and the improving economy in Q2/21.
Cerebro Capital partnered with Ken Singleton, a professor at Stanford University, to study activity in the middle market and create analysis and content to help borrowers and lenders better understand movements and drivers within the credit market.
According to a survey from Cerebro Capital, 76% of non-bank lenders expect loan demand to surge over the coming months as borrowers leave commercial banks in search of relaxed covenants and flexible loan structures.