- KKR Completes US$2.5 Billion Asia Private Credit Fundraise
- Ares Raises Over $7 Billion for Leading Credit Secondaries Strategy
- Fortress Investment Group Leads $150 Million Senior Secured Term Loan for Leisure Time Products
- TSL Subscriber Only Content
- Saks Global Secures $1.75 Billion of Committed Capital and Announces Return of Industry Veterans to Advance Transformation of Iconic Luxury Portfolio
TSL Express Daily Articles & News
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eCapital Welcomes Matthew Shearer as SVP, Channel Sales
eCapital Corp. ("eCapital"), a leading tech-enabled finance provider for small and medium-sized businesses (“SMBs”) across North America and the U.K., proudly announces the appointment of Matthew Shearer as Senior Vice President of Channel Sales. This strategic move aims to expand eCapital's reach by embedding its financing solutions within third-party platforms and digital marketplaces.
TSL Express Trending Story
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In June 2023, First Citizens Bank named noted commercial banking executive Jim Hudak as president of its Commercial Finance group, which it acquired in its merger with CIT Group in early 2022.
With more than 20 years as a commercial finance executive, Hudak is known throughout the industry for his leadership capabilities and strong commitment to client support and satisfaction.
Hudak oversaw CIT's commercial finance businesses from 2008 to 2019, during which time many grew to become leading lenders in their industry verticals.
Today, settled back into an expanded version of the role he once occupied, he discusses the state of the business, the impact of the First Citizens merger and his strategy for 2024 and beyond.
TSL Express Daily Headlines & News
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EBSC Lending Closed $20 Million Construction Loan for Luxury Rental Community
January 21, 2025EBSC Lending today announced the closing of a $20 million construction loan for the development of a new ground-up luxury rental community which will feature 110 total residences with five-star service and a suite of thoughtful amenities. The first building is expected to commence construction this June, with completion projected for Summer 2027.
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Goldberg Kohn Elevates Commercial Finance Attorney Daniel C. Toren to Principal in the Firm
January 21, 2025Dan joined Goldberg Kohn in May 2016. He represents banks, commercial finance companies, direct lenders, private credit investors and other institutional lenders in structuring, negotiating, documenting and closing a wide range of lending transactions, including acquisition financings, recapitalization financings, refinancings, working capital facilities and other complex financial arrangements requiring institutional debt.
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Garrington Capital Appoints Tammy Kemp as President
January 21, 2025Garrington Capital (“Garrington”), a leading secured asset-based lender providing private loans to small and medium- sized enterprises across North America, is very pleased to announce the appointment of Tammy Kemp to the position of President of Garrington.
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Eclipse Business Capital Provides $140 Million Senior Secured Revolving Credit Facility
January 21, 2025Eclipse Business Capital LLC (“EBC”) announced that it has financed a $140 million senior secured revolving credit facility to a specialty retailer. The credit facility is secured by accounts receivable and inventory. The transaction facilitates a restructuring with the existing lenders to reduce leverage and provide for future working capital needs.
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Essex Closes Three Financing Transactions
January 21, 2025Essex Capital Group, Inc. (“Essex”) announced today that the firm recently arranged three new debt facilities for its clients. Essex Capital acted as the exclusive financial advisor for each of these transactions.
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Huntington Business Credit Closes $42 Million in New Credit Facilities with Rush Group dba Emotiv
January 21, 2025Huntington Business Credit closed $42,000,000 in new credit facilities with Rush Group Limited dba Emotiv on December 30, 2024. Proceeds of the facility were used to finance capital expenditures and working capital financing.
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Buchalter Opens Office in Chicago, Illinois
January 21, 2025Buchalter is pleased to announce the opening of its newest office in Chicago, Illinois with addition of lawyers and staff of the Chicago office of Robbins DiMonte, Ltd joining Buchalter. The Chicago office has 25 attorneys and support staff, including Shareholders Thomas Jefson, Steven Jakubowski, Patrick Owens, David Resnick, R. Kymn Harp, James Mainzer, Justin Weisberg, and Thomas Yardley Jr. Joining them are Jennifer Barton, Emily Kaminski, Teresa Minnich, Christine Walsh, Marko Van Buskirk, Timothy Hameetman, and Richard Stavins.
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GoldenTree Announces Closing of €403 Million CLO Under GLM Strategy
January 21, 2025GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a €403 million collateralized loan obligation (“CLO”) to be managed by GLM III.
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Percent’s 2025 Private Credit Forecast: How the Asset Class will Dominate the Financial Landscape
January 21, 2025Percent, the platform powering the modern private credit marketplace, released their 2025 Private Credit Outlook. This annual report highlights how private credit is one of the most resilient and dynamic asset classes in global finance, nearing $2 trillion in market size. Amidst macroeconomic shifts seen in 2024 – from the Federal Reserve’s cautious rate cuts to a contentious U.S. presidential election and heightened, evolving geopolitical tensions – private credit has demonstrated unparalleled adaptability, resilience and strength, with Percent seeing its gross returns, after losses, hold steady at 14.6%. This steadfast performance has positioned the asset class for accelerated growth in 2025.
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Holland & Knight Grows Financial Services Team with Addition of Dimitri Nionakis in Boston
January 21, 2025Holland & Knight has strengthened its Financial Services Team with the addition of Dimitri Nionakis as a partner in Boston. He was most recently executive vice president, chief operating officer and chief legal officer of a Massachusetts-based federal savings institution for more than a decade.
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Trinity Capital Inc. Provides $12.5 Million in Growth Capital to Upward Health
January 21, 2025Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading alternative asset manager, today announced the commitment of $12.5 million in growth capital to Upward Health, an in-home, multidisciplinary medical group providing 24/7 whole-person care.
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NETSTREIT Corp. Announces $275.0 Million in Additional Financing Commitments and Amendments to Existing Credit Facilities
January 16, 2025--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today announced the closing of $275.0 million in additional financing commitments and amendments to its existing credit facilities agented by PNC Bank, National Association (the “PNC Credit Agreement”), Wells Fargo Bank, National Association (the “Wells Fargo Credit Agreement”) and Truist Bank (the “Truist Credit Agreement”).
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Westrock Coffee Expands Credit Facility by $25 Million
January 16, 2025Westrock Coffee Company (NASDAQ:WEST), a Delaware-based beverage manufacturer with annual revenues of $836.72 million, announced today an increase in its revolving credit facility by $25 million, bringing the total available credit to $200 million.
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Golub Capital Announces Another Year of “Good Boring” Results: Solid Investor Performance, Strong Deal Activity and Continued Global Expansion in 2024
January 16, 2025Golub Capital announced that 2024 was marked by solid investor performance, strong deal activity with private equity sponsors, record fundraising, continued global expansion and growth in its impact philanthropy programs. For Golub Capital, 2024 represented another year of delivering consistent results for its stakeholders, demonstrating the reliability the Firm highlighted in the theme of its annual investor conference: “30 Years of Good Boring.”
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Fabric Retailer Joann, Bankrupt Again, Seeks Buyer
January 16, 2025The fabrics and crafts retailer on Wednesday filed a Chapter 11 petition for bankruptcy court protection in Delaware. The company said in a statement that the filing would help it facilitate a sale process of the company “to maximize the value of its business.”
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Cambridge Wilkinson Investment Bank Closes Senior Credit Facility for Fast-Growing Small Business Lender
January 16, 2025Cambridge Wilkinson ("CW") is pleased to announce the successful closing of a senior credit facility (undisclosed amount at the client's request) for a specialty finance company focused on small and medium-sized business lending.
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Apollo and Standard Chartered Form US$3B Financing Partnership for Global Infrastructure and Energy Transition Credit
January 16, 2025Apollo (NYSE: APO) and Standard Chartered PLC today announced a long-term strategic partnership to support and accelerate financing for infrastructure, clean transition and renewable energy globally, leveraging the leading origination and distribution capabilities of both firms.
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Ares Management Raises €30 Billion for European Direct Lending Strategy
January 16, 2025Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its sixth commingled European direct lending fund, Ares Capital Europe VI (“ACE VI” or the “Fund”). With total commitments of €17.1 billion, the Fund closed above its €15 billion target and reached its hard cap.
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Prospect Medical Holdings, Inc. Receives Court Approval of “First Day” Motions
January 16, 2025Prospect 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.
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Colbeck Capital Raises $700 Million for Latest Vintage Strategic Lending Fund
January 16, 2025Colbeck 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%.
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