WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that James (Jim) Wechsler has been named Executive Vice President, Chief Commercial Banking Officer, effective January 1, 2025.

SLIM Capital, a leading commercial finance company specializing in creative financing solutions for businesses, is pleased to announce the appointment of Joel Baker as its new Chief Financial Officer (CFO). With an extensive background in accounting, strategic planning, and leadership, Joel brings a wealth of expertise to help guide SLIM Capital’s continued expansion and success in the commercial finance sector.

In an assignment for the benefit of creditors, Tiger Group will auction assets and intellectual property from grid-edge tech startup Veloce Energy on November 7.

Hilco Global (“Hilco”) and TPG Angelo Gordon today announced the formation of a new joint venture (“JV”) that will identify, acquire, and finance consumer brands and IP in partnership with Bluestar Alliance, LLC (“Bluestar”).

Simpson Thacher & Bartlett LLP today announced that Dave Azarkh and Alexandra Kaplan have been named as Co-Heads of the Firm’s Global Investment Banking practice. As Co-Heads, Dave and Alexandra lead our integrated team of credit and capital markets attorneys who work collaboratively across a broad spectrum of bank finance and securities offerings, providing comprehensive and innovative advice to clients in an evolving market with an increasing convergence of terms between high yield bonds and complex loan and hybrid products.

H.I.G. Capital ("H.I.G." or the "Firm"), a leading global alternative asset management firm with $65 billion of capital under management, today announced the closing of H.I.G. Capital Partners VII ("Fund VII"). Significantly oversubscribed, Fund VII closed with $2 billion of capital commitments and continues the Firm's highly successful strategy of making control equity investments in U.S. lower middle market companies.

JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, today announced the closing of a line of credit to Peace Coffee, a female-founded company dedicated to delivering exceptional, sustainably-sourced coffee while fostering positive social and environmental impact.

When a California-based natural food manufacturer outgrew its small business loan, it sprang into action through a new partnership with Republic Business Credit. Republic was introduced by a lower middle market debt advisor in the natural food industry to help the company navigate this exciting period of growth.

Gordon Brothers, the global asset experts, has agented a $150 million debtor-in-possession (DIP) term loan for Big Lots Inc. The U.S. closeout retailer focused on value will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings to support the going-concern sale and stalking horse bid.

Porter Capital, a leading provider of invoice factoring and accounts receivable financing solutions, has provided an $8 million credit facility to a Boston, MA-based staffing agency specializing in life sciences, renewable energy, and information technology. This infusion of capital will support the company’s efforts to expand its operations and respond to the increasing demand for specialized talent across these high-impact sectors.

Tempur Sealy International has refinanced its credit lines with 13 different lenders that includes a $1.15 billion revolving credit facility, a $500 million term loan facility and an incremental facility that allows up to $850 million and additional amounts.

DailyPay, a provider of earned wage access solutions, has announced a USD 100 million increase in its secured credit facility from Citi.

Austin Financial Services is pleased to announce significant growth in the first three quarters of 2024, supported by a strong backlog of deals expected to close in Q4.

nFusion Capital and Iron Horse Credit announced the funding of a $5.5 million line of credit to a wholesaler of kitchenware, chinaware, and kitchen accessories. The financing will support the Company’s working capital needs and provide a steady flow of capital during seasonal fluctuations in demand for its products.

Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) (FSE: 4WE) ("Entourage" or the "Company"), a Canadian producer and distributor of award-winning cannabis products, confirmed today it has signed an amendment (the "Amendment") to its senior secured amended and restated credit facility entered into on January 31, 2023 (the "Credit Facility") with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada ("LPF").

Las Vegas Sands Corp. (NYSE:LVS) has entered into a new credit agreement and terminated an existing one, as per a recent 8-K filing with the U.S. Securities and Exchange Commission.

In a significant development for the private funds industry, the U.S. Court of Appeals for the Fifth Circuit has unanimously vacated the SEC's 2023 Private Funds Rule, marking a major setback for the Commission's efforts to enhance regulation of private fund advisers. The ruling, issued this summer, found that the SEC exceeded its statutory authority in implementing the sweeping regulatory framework that would have imposed substantial new disclosure requirements and restrictions on the $26 trillion private funds industry.

The client, referred by Sallyport's account executive Olivia Hudson, is expanding into a new division focused on renewable energy and this funding will enable them to meet their payroll obligations and drive business growth as they break into a new sector.

First Business Financial Services, Inc., (Nasdaq: FBIZ), the parent company of First Business Bank, proudly announces its selection by Piper Sandler for the prestigious Sm-All Stars Class of 2024.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the following Investment and Accounting & Finance team additions: Caroline Sizer as Vice President of Portfolio Analytics, Paul Addeo as Accounting Manager, Elisa Gashaj as Tax Manager, and Will Atkins and Jemarc Walters as Investment Associates.