• HighVista Strategies Closes Opportunistic Private Credit Fund II
    November 8, 2022
    HighVista Strategies, LLC (“HighVista”) announced the final close of its HighVista Opportunistic Private Credit Fund II LP (“Fund II”). HighVista closed on $450mm of capital for Fund II and related entities, exceeding the target for the fundraise. Fund II had strong support from existing clients including pension funds, endowments and foundations, and family offices.
  • FibroGen Announces $50 Million Royalty Monetization Financing with NovaQuest Capital Management
    November 8, 2022
    FibroGen, Inc. (NASDAQ: FGEN) today announced a royalty monetization financing with NovaQuest Capital Management (NovaQuest) that will result in proceeds to FibroGen in the amount of $50 million, bringing non-dilutive capital to drive innovation and growth. Morgan Stanley & Co. LLC acted as the sole structuring agent and Goodwin Procter LLP acted as counsel to FibroGen. Wyrick Robbins Yates & Ponton LLP acted as counsel to the investor.
  • Ares Capital Corporation Prices Public Offering
    November 8, 2022
    Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 8,000,000 shares of its common stock. Ares Capital has granted the underwriters an option to purchase up to an additional 1,200,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on November 10, 2022.
  • Runway Growth Capital Announces a $75 Million Credit Facility With Brivo Systems
    November 8, 2022
    Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the closure of a long-term senior secured credit facility of $75 million to Brivo Systems LLC ("Brivo"), a leading provider of cloud-based access control and smart building technologies.
  • Sallyport Commercial Finance Provides $1.5 Million Accelerates Rapid Growth for Oil Services Business
    November 8, 2022
    Sallyport Commercial Finance is pleased to announce $1,500,000 in accounts receivable finance for a U.S. oil and gas services business. The client had been a long-term prospect and was in need of a lender to support them in high growth mode. The funds will enable them to continue acquiring complementary businesses in the oil and gas space and expand to offer a comprehensive range of services to the industry.
  • Celtic Capital Corporation Provides Funding Electrical and Mechatronic Parts Distributor
    November 8, 2022
    Celtic provided a $1,000,000 accounts receivable line of credit, a $500,000 inventory line of credit and a $152,000 equipment loan to facilitate the refinancing.
  • Sandy Feldman Joins Summit Investment Management
    November 7, 2022
    Sandy Feldman joined Summit in 2022 as Managing Director Acquisitions based in Atlanta, GA. His responsibilities include business development and deal sourcing. Prior to Summit, Sandy spent 22 years working with clients through bankruptcy, workouts and other special situations.
  • Michael Khan Joins Pinnacle Bank as Executive Vice President, Senior Lending Officer
    November 7, 2022
    Pinnacle Bank (OTCQB: PBNK), headquartered in Gilroy, CA, announced today that Michael Khan has joined the bank as Executive Vice President, Senior Lending Officer.
  • Acrisure Announces Incremental Term Loan Facility
    November 7, 2022
    -Acrisure, LLC (the “Company”) announced today that it has closed a senior secured incremental term loan facility in an aggregate principal amount of $1 billion (the “incremental term loans”). The incremental term loans will constitute a new tranche of term loans under the Company’s existing credit agreement, among Acrisure Intermediate, Inc., a Delaware corporation and direct parent company of the Company, the Company, the guarantors party thereto from time to time, the lenders party thereto from time to time, and JPMorgan Chase Bank. N.A., as administrative agent.
  • White Oak Merchant Partners Supports Syco Entertainment Ltd on First-Of-Its-Kind Securitization of Non-Scripted TV Shows
    November 7, 2022
    White Oak Merchant Partners, LLC, (“WOMP” or “the firm”), a FINRA registered broker-dealer affiliated with White Oak Global Advisors (“WOGA”), today announced that the firm worked closely with Syco Entertainment Ltd (“Syco”), the media production company of television personality, producer and record executive Simon Cowell, on a $125 million ABS transaction.
  • Avtech Capital, LLC Announces New $75 Million Revolving Credit Facility with Capital One, N.A.
    November 7, 2022
    Avtech Capital, LLC today announced the completion of a new $75 Million revolving credit facility with Capital One, N.A. The facility will provide additional liquidity to support the Company's growth and further its efforts to better serve customers.
  • Approved Oil Co. Enters Updated Credit Facility
    November 7, 2022
    The bank syndicate supporting the credit facility is comprised of four participants acting in various capacities, with JPMorgan Chase Bank, N.A. as Administrative Agent, Manufacturers and Traders Trust Company, Bank United, N.A., and Atlantic Union Bank.
  • Solifi ABL Passes $1B in Loans Outstanding on SaaS Platform
    November 7, 2022
    Solifi™, a global fintech software partner for secured finance, announced its Solifi Asset-Based Lending (ABL) software-as-a-service (SaaS) solution on its open finance platform now supports more than $1B in loans outstanding for lenders globally. Additionally, Solifi’s ABL borrower portal user traffic increased by 4x in less than a year as lenders and borrowers recognize the benefits of Solifi’s easy-to-use, self-service tool that’s available 24/7.
  • Cerebro Capital Facilitates $60MM in Financings
    November 7, 2022
    Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, recently facilitated the closing of $60MM in debt financings to several companies including $15 million asset-based line of credit for a supplier of sustainably sourced, high quality wood pellets to support their significant growth and $14.5 million USDA loan to an owner operator of a large portfolio of gas stations and convenience stores .
  • GenSight Biologics Secures a €35 Million Credit Facility From the European Investment Bank to Support the Launch of LUMEVOQ® in Europe
    November 4, 2022
    GenSight Biologics (Euronext: SIGHT, ISIN: FR0013183985, PEA-PME eligible) (the "Company"), a biopharma company focused on developing and commercializing innovative gene therapies for retinal neurodegenerative diseases and central nervous system disorders, today announced that it has entered into a €35 million credit facility agreement with the European Investment Bank (“EIB”), supported by the European Fund for Strategic Investment (EFSI).
  • Kura Oncology Announces Financing Transactions with Bristol Myers Squibb and Hercules Capital, Providing Access to up to $150 Million
    November 4, 2022
    Kura Oncology, Inc. (Nasdaq: KURA), a clinical-stage biopharmaceutical company committed to realizing the promise of precision medicines for the treatment of cancer, today announced a $25 million equity investment from Bristol Myers Squibb (NYSE: BMY) and a term loan facility with access to up to $125 million from Hercules Capital, Inc. (NYSE: HTGC).
  • Experienced SBA Business Development Officer Joins First Internet Bank
    November 4, 2022
    First Internet Bank announced today that Ben Rosensweet has joined the organization as Vice President, Senior Business Development Officer. The newest member of the Small Business Administration (SBA) team brings a wealth of experience in finance and new business development, as well as equipment and commercial finance.
  • Monroe Capital Closes $502.5 Million Collateralized Loan Obligation XIV
    November 4, 2022
    Monroe Capital LLC (“Monroe”) today announced the closing of a $502.5 million term debt securitization known as Monroe Capital MML CLO XIV, LTD. The term financing was Monroe's second new CLO completed in 2022 and is secured by a portfolio of middle market senior secured loans.
  • Lindsay & Brownell Combines with EisnerAmper
    November 4, 2022
    Global business advisory firm EisnerAmper announced that the partners and colleagues of La Jolla, California-based accounting and advisory firm Lindsay & Brownell CPAs & Advisors ("LB Advisors") are to join EisnerAmper in a transaction expected to close in December of 2022.
  • CIBC Innovation Banking Announces Growth Capital Facility for SupportLogic
    November 4, 2022
    CIBC Innovation Banking is pleased to announce a growth capital facility for San Jose-based SupportLogic, Inc. (“SupportLogic”), a support experience (SX) platform designed to proactively improve customer experience and revenue retention.
  • HighVista Strategies Closes Opportunistic Private Credit Fund II
    November 8, 2022
    HighVista Strategies, LLC (“HighVista”) announced the final close of its HighVista Opportunistic Private Credit Fund II LP (“Fund II”). HighVista closed on $450mm of capital for Fund II and related entities, exceeding the target for the fundraise. Fund II had strong support from existing clients including pension funds, endowments and foundations, and family offices.
  • FibroGen Announces $50 Million Royalty Monetization Financing with NovaQuest Capital Management
    November 8, 2022
    FibroGen, Inc. (NASDAQ: FGEN) today announced a royalty monetization financing with NovaQuest Capital Management (NovaQuest) that will result in proceeds to FibroGen in the amount of $50 million, bringing non-dilutive capital to drive innovation and growth. Morgan Stanley & Co. LLC acted as the sole structuring agent and Goodwin Procter LLP acted as counsel to FibroGen. Wyrick Robbins Yates & Ponton LLP acted as counsel to the investor.
  • Ares Capital Corporation Prices Public Offering
    November 8, 2022
    Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 8,000,000 shares of its common stock. Ares Capital has granted the underwriters an option to purchase up to an additional 1,200,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on November 10, 2022.
  • Runway Growth Capital Announces a $75 Million Credit Facility With Brivo Systems
    November 8, 2022
    Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the closure of a long-term senior secured credit facility of $75 million to Brivo Systems LLC ("Brivo"), a leading provider of cloud-based access control and smart building technologies.
  • Sallyport Commercial Finance Provides $1.5 Million Accelerates Rapid Growth for Oil Services Business
    November 8, 2022
    Sallyport Commercial Finance is pleased to announce $1,500,000 in accounts receivable finance for a U.S. oil and gas services business. The client had been a long-term prospect and was in need of a lender to support them in high growth mode. The funds will enable them to continue acquiring complementary businesses in the oil and gas space and expand to offer a comprehensive range of services to the industry.
  • Celtic Capital Corporation Provides Funding Electrical and Mechatronic Parts Distributor
    November 8, 2022
    Celtic provided a $1,000,000 accounts receivable line of credit, a $500,000 inventory line of credit and a $152,000 equipment loan to facilitate the refinancing.
  • Sandy Feldman Joins Summit Investment Management
    November 7, 2022
    Sandy Feldman joined Summit in 2022 as Managing Director Acquisitions based in Atlanta, GA. His responsibilities include business development and deal sourcing. Prior to Summit, Sandy spent 22 years working with clients through bankruptcy, workouts and other special situations.
  • Michael Khan Joins Pinnacle Bank as Executive Vice President, Senior Lending Officer
    November 7, 2022
    Pinnacle Bank (OTCQB: PBNK), headquartered in Gilroy, CA, announced today that Michael Khan has joined the bank as Executive Vice President, Senior Lending Officer.
  • Acrisure Announces Incremental Term Loan Facility
    November 7, 2022
    -Acrisure, LLC (the “Company”) announced today that it has closed a senior secured incremental term loan facility in an aggregate principal amount of $1 billion (the “incremental term loans”). The incremental term loans will constitute a new tranche of term loans under the Company’s existing credit agreement, among Acrisure Intermediate, Inc., a Delaware corporation and direct parent company of the Company, the Company, the guarantors party thereto from time to time, the lenders party thereto from time to time, and JPMorgan Chase Bank. N.A., as administrative agent.
  • White Oak Merchant Partners Supports Syco Entertainment Ltd on First-Of-Its-Kind Securitization of Non-Scripted TV Shows
    November 7, 2022
    White Oak Merchant Partners, LLC, (“WOMP” or “the firm”), a FINRA registered broker-dealer affiliated with White Oak Global Advisors (“WOGA”), today announced that the firm worked closely with Syco Entertainment Ltd (“Syco”), the media production company of television personality, producer and record executive Simon Cowell, on a $125 million ABS transaction.
  • Avtech Capital, LLC Announces New $75 Million Revolving Credit Facility with Capital One, N.A.
    November 7, 2022
    Avtech Capital, LLC today announced the completion of a new $75 Million revolving credit facility with Capital One, N.A. The facility will provide additional liquidity to support the Company's growth and further its efforts to better serve customers.
  • Approved Oil Co. Enters Updated Credit Facility
    November 7, 2022
    The bank syndicate supporting the credit facility is comprised of four participants acting in various capacities, with JPMorgan Chase Bank, N.A. as Administrative Agent, Manufacturers and Traders Trust Company, Bank United, N.A., and Atlantic Union Bank.
  • Solifi ABL Passes $1B in Loans Outstanding on SaaS Platform
    November 7, 2022
    Solifi™, a global fintech software partner for secured finance, announced its Solifi Asset-Based Lending (ABL) software-as-a-service (SaaS) solution on its open finance platform now supports more than $1B in loans outstanding for lenders globally. Additionally, Solifi’s ABL borrower portal user traffic increased by 4x in less than a year as lenders and borrowers recognize the benefits of Solifi’s easy-to-use, self-service tool that’s available 24/7.
  • Cerebro Capital Facilitates $60MM in Financings
    November 7, 2022
    Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, recently facilitated the closing of $60MM in debt financings to several companies including $15 million asset-based line of credit for a supplier of sustainably sourced, high quality wood pellets to support their significant growth and $14.5 million USDA loan to an owner operator of a large portfolio of gas stations and convenience stores .
  • GenSight Biologics Secures a €35 Million Credit Facility From the European Investment Bank to Support the Launch of LUMEVOQ® in Europe
    November 4, 2022
    GenSight Biologics (Euronext: SIGHT, ISIN: FR0013183985, PEA-PME eligible) (the "Company"), a biopharma company focused on developing and commercializing innovative gene therapies for retinal neurodegenerative diseases and central nervous system disorders, today announced that it has entered into a €35 million credit facility agreement with the European Investment Bank (“EIB”), supported by the European Fund for Strategic Investment (EFSI).
  • Kura Oncology Announces Financing Transactions with Bristol Myers Squibb and Hercules Capital, Providing Access to up to $150 Million
    November 4, 2022
    Kura Oncology, Inc. (Nasdaq: KURA), a clinical-stage biopharmaceutical company committed to realizing the promise of precision medicines for the treatment of cancer, today announced a $25 million equity investment from Bristol Myers Squibb (NYSE: BMY) and a term loan facility with access to up to $125 million from Hercules Capital, Inc. (NYSE: HTGC).
  • Experienced SBA Business Development Officer Joins First Internet Bank
    November 4, 2022
    First Internet Bank announced today that Ben Rosensweet has joined the organization as Vice President, Senior Business Development Officer. The newest member of the Small Business Administration (SBA) team brings a wealth of experience in finance and new business development, as well as equipment and commercial finance.
  • Monroe Capital Closes $502.5 Million Collateralized Loan Obligation XIV
    November 4, 2022
    Monroe Capital LLC (“Monroe”) today announced the closing of a $502.5 million term debt securitization known as Monroe Capital MML CLO XIV, LTD. The term financing was Monroe's second new CLO completed in 2022 and is secured by a portfolio of middle market senior secured loans.
  • Lindsay & Brownell Combines with EisnerAmper
    November 4, 2022
    Global business advisory firm EisnerAmper announced that the partners and colleagues of La Jolla, California-based accounting and advisory firm Lindsay & Brownell CPAs & Advisors ("LB Advisors") are to join EisnerAmper in a transaction expected to close in December of 2022.
  • CIBC Innovation Banking Announces Growth Capital Facility for SupportLogic
    November 4, 2022
    CIBC Innovation Banking is pleased to announce a growth capital facility for San Jose-based SupportLogic, Inc. (“SupportLogic”), a support experience (SX) platform designed to proactively improve customer experience and revenue retention.