Prospect Medical Holdings, Inc. (“Prospect Holdings” or the “Company”) today announced that it has received approvals from the United States Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”) for certain “first day” motions related to the Company’s voluntary chapter 11 petitions filed beginning on January 11, 2025.

Colbeck Capital Management (“Colbeck”), a leading middle-market private credit firm focused on strategic lending, today announced that it has raised $700 million in capital commitments for its third flagship fund, Colbeck Strategic Lending III (the “Fund” or “CSL III”), exceeding its target by 40%.

eCapital Corp. (“eCapital”), a leading provider of financing solutions for small and medium-sized businesses across North America and the United Kingdom, has extended a $35 million factoring facility to a prominent logistics provider. This funding unlocks essential working capital, enabling the client to address financial challenges and strengthen its role in the global supply chain.

SFNet previously announced the passing of William (Bill) Davis. Bill was a long-time member of SFNet and was inducted into SFNet’s Hall of Fame in 2019. His career in asset-based lending spanned 39 years with experience in all aspects of credit, underwriting, business development, workouts, and senior leadership We are updating our readers with an obituary sent from Bill's family.

Mountain Ridge Capital ("MRC") is pleased to announce the promotions of Tree Buckingham, Matt Salatti, and Will Tyler. Tree will take over as Chief Operating Officer managing operations and IT for MRC and sister factoring company, Alpine Ridge Funding (“Alpine”).

Based in Phoenix, Arizona, Leber will be covering a large portion of the Mountain West and West Coast California regions and will be focused on growing new relationships with equipment vendors.

An internationally recognized food producer encountered a once-in-a-lifetime opportunity to purchase a competitor's facility. Strategically located, the facility offers potential savings in both distribution and logistical costs while also providing a major boost in production.

Blue Owl Capital Corporation (NYSE: OBDC) today announced the closing of its merger with Blue Owl Capital Corporation III ("OBDE"), with OBDC as the surviving company. This merger now makes OBDC the second largest externally-managed, publicly traded BDC by total assets with $18.6 billion of total assets at fair value and investments in 232 portfolio companies, on a pro forma combined basis as of September 30, 2024.

The Goldman Sachs Group, Inc. (NYSE:GS) today announced several actions to better serve corporate and investor clients and grow its business in private credit, private equity and other asset classes. The firm is creating the Capital Solutions Group, which will combine and grow its comprehensive suite of financing, origination, structuring and risk management solution activities in Global Banking & Markets.

AlixPartners, the global consulting firm, today announced that David Garfield and Rob Hornby have been appointed to serve as Co-Chief Executive Officers, effective February 1, 2025. The new Co-Chief Executives, both of whom are currently in senior leadership roles at AlixPartners, were selected following an extensive process, which considered a range of internal and external candidates.

Southfield Capital, a premier lower middle market private equity firm, announced today that Chris Grambling has been promoted to Partner.

Software maker Databricks Inc. has clinched more than $5 billion of financing from lenders including Blackstone Inc., Apollo Global Management Inc. and Blue Owl Capital Inc. in its largest debt raise to date, according to people with knowledge of the matter.

Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of CCMP Growth Advisors' ("CCMP") acquisition of Combined Caterers (the "Company"), a premium event management and catering services provider.

MONTICELLOAM, LLC (“MonticelloAM”), a specialized multifamily and seniors housing bridge lending platform, announced the closing of $73,200,000 in total bridge and working capital financing for a portfolio of seniors housing and healthcare properties across Ohio.

Diamond Comic Distributors (“Diamond” or “the Company”), today announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Maryland to facilitate the restructuring of its business.

Trump 47 is expected to have a mixed impact on the private credit industry. The prospects for lower taxes and reduced regulations are likely to add fuel to the pent-up desire for exits, driving private credit loan growth and acting as a tailwind to portfolio company credit quality.

KeyCorp (NYSE:KEY) announced that Mohit (Mo) Ramani will join Key as Chief Risk Officer (CRO), effective January 23, 2025.

Altriarch Asset Management (“Altriarch”) is pleased to announce the successful closing of a $12.5 million senior secured revolving facility for RLTYco, Inc. (“RLTY”). The two year loan, which has an option to extend an additional year, will give RLTY the ability to expand its portfolio and enhance its innovative financial offerings for real estate professionals, brokerages and developers.

Nexia, the leading middle-market global network of independent accounting and consulting firms, is delighted to announce the appointment of Matthew Howell as its new Chief Executive Officer. With a distinguished career spanning over two decades in senior leadership roles within membership organisations and professional services, Matt brings a wealth of experience to the Nexia network.

J.F. Lehman & Company ("JFLCO"), a leading middle-market private investment firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and team additions.