On the heels of completing the fundraising of Balance Point Capital Partners IV, L.P. and significant growth of its assets under management in 2020, Balance Point Capital Advisors, LLC ("Balance Point") set out to bolster its investment team. Balance Point is pleased to announce both an internal promotion and three external hires to support that growth.

Crestmark secured a total of $16,518,200 in ABL/factoring financial solutions for 13 new clients; Crestmark Equipment Finance provided $6,616,982 in five new transactions; and Crestmark Vendor Finance provided $5,846,027 in 63 new transactions in the first half of April.

Tiger Finance, an affiliate of Tiger Group today announced that it provided financing to support the April 2021 acquisition of digitally native fashion retailer ModCloth by Nogin, the market leader in outsourced e-commerce for major fashion and consumer product companies. Tiger provided a $6 million term loan to Nogin to help fund its purchase of the ModCloth assets from brand investment platform Go Global Retail for an undisclosed sum. Additionally, Tiger Valuation Services is providing inventory analytics support to Nogin.

Terence (Terry) Dougherty has joined MidCap Business Credit as a SVP and Head of Underwriting. Terry previously was with CNH Finance as Managing Director of Commercial ABL. James (Jay) Cunningham has joined MidCap Business Credit as a SVP and Head of Credit and Diligence. Prior to joining Midcap Business Credit, Jay spent 27 years at GE Capital.

Chief Executive Officer Theodore L. Koenig commented, “We are pleased to report another quarter of strong financial results. During the first quarter, we reported another increase in our Net Asset Value and we again fully covered our dividend with Net Investment Income. Consistent with the last three quarters, we have seen continued recovery and stabilization in many of our portfolio companies and the vast majority of our portfolio companies have strong long-term outlooks.

Encina Business Credit announced today that Garett Figueroa joined its business development team as a Managing Director. Mr. Figueroa is an asset-based lending finance professional with over 9 years of business development and credit risk experience at bank lenders and non-bank private debt funds. Garett holds a BS in Business Administration & Management from the University of Southern California’s Marshall School of Business.

Leading global professional services firm Alvarez & Marsal (A&M) has appointed New York-based John Hartig a Managing Director in its Media group within A&M’s Corporate Performance Improvement practice. Mr. Hartig, who has a track record of transforming media companies by aligning to shifting market dynamics, expands and strengthens A&M’s capabilities to drive value to an industry in critical need of transformation.

Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today the amendment and expansion of its Senior Credit Facility led by JPMorgan Chase Bank under which the borrowing base has been increased from $120 million to $250 million. On May 3, 2021, the Company entered into the Fifth Amendment (the “Amendment”) to the Credit Agreement, dated as of September 17, 2019, by and among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other participating lenders thereto (the “Credit Agreement”).

White Oak Commercial Finance ("White Oak") provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City. The e-commerce wholesale company provides high-quality, sustainably minded clothing to partners in the U.S. and abroad. The funding was secured by the business inventory and accounts receivable to support its rapid expansion and pay down existing debt.

Xcel Brands, Inc. (NASDAQ: XELB) today announced it has entered into a refinancing of its existing credit facility. The refinancing provides an initial $25 million term loan under a facility jointly provided by BHI and First Eagle Alternative Credit, LLC, and up to an additional $25 million for acquisitions, subject to lender approval; and separately, through First Eagle Alternative Credit, LLC an additional $50 million acquisition facility subject to lender approval.

BQE Software, Inc. (“BQE” or the "Company"), a global leader in providing SaaS-based business and project management solutions to professional services firms, has secured a significant growth investment from Serent Capital Management Company, LLC (“Serent Capital”). FocalPoint Partners, LLC ("FocalPoint") served as exclusive financial advisor to the Company.

The All Stars Project of Chicago (ASP of Chicago), a nonprofit organization that sponsors innovative Afterschool Development programs for inner-city youth in Chicago, today announced that veteran business and philanthropic leader Ben Nortman, Executive Vice President of Hilco Global and CEO of Hilco Merchant Resources, has been named co-chair of its Board.

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, announced today that it has hired Shayna Modarresi as a Managing Director. Modarresi, who will focus on investments in the technology sector, will be based in Runway's Silicon Valley office and report to Mark Donnelly, Managing Director, Head of Origination.

BHI, a full-service commercial bank, announced that it has appointed Gal Defes Head of International Commercial & Industrial, High Tech and Investment Services. His banking career spans 15 years in technology and growth sector financing. Defes joins BHI from Bank Leumi USA, where he served most recently as Senior Vice President and Head of Technology Banking for its East Coast Region.

Mitsubishi UFJ Financial Group (MUFG), a leading global financial group, today announced that Neal Holland has been appointed Chief Financial Officer for MUFG Americas Holdings Corporation and its primary banking subsidiary MUFG Union Bank, N.A., effective June 1, 2021. The U.S. operations of MUFG had total assets of $344 billion at December 31, 2020.

Mr. Rachlin, who will be based in New York, is an expert in life sciences, advising clients through their most critical transaction and transformation challenges. In his new role, Mr. Rachlin will lead life sciences industry efforts in the Valuation & Financial Advisory Services practice, helping clients in the biopharmaceutical, medical technology and cannabis industries evaluate transaction opportunities and larger growth-related initiatives, as well as valuation, deal modeling and strategic alternatives.

Gordon Brothers, the global advisory, restructuring and investment firm and owner of the British heritage brand Laura Ashley®, has welcomed Carolyn D'Angelo as Managing Director, Brands and President of Laura Ashley. Based in New York, New York, D’Angelo has nearly 30 years of experience in marketing, licensing, branding and merchandising in the home and fashion industries, implementing innovative strategies for national consumer brands. She will lead new development and licensing opportunities within the equity and debt portfolios for the Brands team.

David's Bridal, LLC (the "Company"), the nation's leading bridal and special occasion authority, announced today the closing of a $70 million term loan provided by CPPIB Credit Investments Inc., a subsidiary of Canada Pension Plan Investment Board ("CPP Investments"). Paul, Weiss, Rifkind, Wharton & Garrison LLP served as the Company's legal advisor and Greenhill & Co., LLC served as financial advisor.

CIBC Innovation Banking is pleased to announce that Joe Hammer is joining its growing North American team as Managing Director, Head of East Coast U.S. Life Sciences and Healthcare. He will be based in CIBC Innovation Banking’s new office in Boston, MA.

KeyBanc Capital Markets (KBCM), the corporate and investment banking arm of Cleveland-based KeyCorp (NYSE: KEY), announced today the expansion of its Utilities, Power & Renewables Group through the addition of a six-person renewable energy investment banking team. Julian Bailliet, Timothy Beach, Ari Citrin and Oliver Janssen will join KBCM as managing directors, with Mark Dondero joining as a director and Bill Chamberlin joining as a vice president. The team will be based in the firm's San Francisco office.