Marathon Asset Management ("Marathon"), a leading global credit investment manager, today announced the final close for its Marathon Distressed Credit Fund, which was oversubscribed with approximately $2.5 billion in commitments. The fund will invest in a wide range of situations by providing capital solutions that allow companies to grow or reposition their businesses, including stressed and distressed companies in transition.

Methuselah Advisors and Morgan Stanley & Co. LLC acted as financial advisors to Scripps and arranged the preferred equity investment by Berkshire Hathaway. Morgan Stanley Senior Funding Inc. provided the financing commitments for the secured and unsecured debt. Ernst & Young Capital Advisors, LLC served as debt advisor.

AlixPartners, the global consulting firm, announced today the promotion of 12 individuals to the role of Managing Director, effective January 1, 2021. Simon Freakley, Chief Executive Officer of AlixPartners, said, "These promotions recognize the inspiring leadership and contributions of our new Managing Directors. I am very pleased to congratulate each of these outstanding colleagues whose work for our clients to help their businesses succeed during these disruptive times is more critical than ever.”

Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Serán Bioscience, Inc. (“Serán”) by private equity sponsor Vivo Capital LLC.

Naprotek, Inc. (“Naprotek” or the “Company”) has secured financing from TCF National Bank (“TCF”) and Patriot Capital, LP (“Patriot”) in connection with its acquisition by Edgewater Capital Partners (“Edgewater”). FocalPoint Partners, LLC (“FocalPoint”) served as financial advisor to Edgewater, providing exclusive buyside and debt advisory service in the process. Based in San Jose, CA, Naprotek is an electronics manufacturing services (“EMS”) company and a leading provider of quick turn printed circuit board assembly (“PCBA”) services for high-reliability (“Hi-Rel”) applications in the defense, space, medical, semiconductor, and specialty industrial markets.

TradeCap Partners recently facilitated the closing of a $1,200,000 purchase order finance facility for an importer of household products based in Oregon. TradeCap was introduced by the Company’s financial advisor. Supply chain disruptions caused by the COVID-19 pandemic have left many retail stores with shortages of daily consumable household goods. One major retailer was in need of immediate supply of goods to fill shortfalls of product existing vendors were not delivering on time.

Versant Funding LLC is pleased to announce it has funded a $4 million non-recourse factoring facility to a manufacturer of precision airplane parts with commercial and military applications. The financial performance of this company was negatively impacted by the pandemic and the existing asset-based lender was putting pressure on the business to refinance the facility as soon as possible.

Sun Life Financial Inc. ("Sun Life") (TSX: SLF) (NYSE: SLF) today announced the completion of its 51% majority stake acquisition of Crescent Capital Group LP ("Crescent"), a global alternative credit investment manager. Headquartered in Los Angeles with offices in New York, Boston and London, Crescent has more than 180 partners and employees. Crescent has approximately US$29 billion in Assets under Management (approximately C$39 billion), as of September 30, 2020.

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Stacey L. Rosenberg has joined the firm’s Los Angeles office as a partner in the Finance & Bankruptcy practice group. Rosenberg was most recently a partner at Hogan Lovells. She is the 15th partner to join Sheppard Mullin in the last year.

Palladin Consumer Retail Partners, LLC ("Palladin" or "PCRP") (www.pcrp.com) announced today an investment in Leapfrog Brands, LLC ("Leapfrog" or the "Company") (www.leapfrogbrands.com) in partnership with the current owners and senior management team of Kurt Sward, CEO, Rick Ellison, President & COO, Jill Pearson, VP of Sales and Marketing, Glen Gilmore, Director of Design, Austen He, Director of Sourcing and Steve Pinelli, Director of Engineering. The partnership will provide Leapfrog with additional resources to build infrastructure to support its tremendous growth.

CBIZ CMF, the private equity consulting practice of CBIZ, Inc. and a leading national advisor to the middle market, today announces it will operate under the new brand name of CBIZ Private Equity Advisory. Having supported more than 300 private equity firms and over 1,500 portfolio companies across North America, CBIZ Private Equity Advisory offers a robust continuum of high-touch and highly specialized services for every stage of the investment lifecycle, from pre-acquisition through exit.

Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, announced today that Glenn McMahon has joined the firm as a Managing Director. Glenn has over three decades of experience leading all aspects of the consumer lifestyle value stream.

Healthcare venture fundraising soared to $17 billion in 2020, a 57% increase over 2019's record, according to Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. Investment in venture-backed companies also rose to a new high of $51 billion. SVB's 10th annual Healthcare Investments and Exits Report, released today at SVB's Innovate Next virtual summit, analyzes and predicts trends for global venture capital fundraising, investing and exits that shape the biopharma, healthtech, diagnostics/tools (dx/tools) and medical device sectors.

Gemino Healthcare Finance is pleased to announce it has provided a $5 million asset-based revolving line of credit to a provider of substance use disorder treatment in December 2020.

Sallyport Commercial Finance provided a $4mm accounts receivable financing facility to a sponsor-backed metal components company. Our client had their supply-chain deeply affected by COVID-19 and as a result, needed a financing partner to help with their working capital gap caused by delays in shipments out of India and China.

A manufacturing company in New York has chosen TAB Bank for a $1.8 million asset-based revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company is a manufacturer of woven textile and plastic parts for the automotive, aerospace, office equipment, transportation, and heavy industrial industries.

Antero Resources Corporation (NYSE: AR) ("Antero Resources") announced today the pricing of a registered direct offering of 31.4 million shares of its common stock at a price of $6.35 per share to certain holders of its 4.25% Convertible Senior Notes due 2026. Antero Resources plans to use the proceeds from the share offering and approximately $63 million of borrowings under its revolving credit facility to repurchase from such holders $150 million aggregate principal amount of its Convertible Notes in privately negotiated transactions.

NextWave HoldCo LLC, (“NextWave”), an independent holder of 2.5 GHz wireless spectrum in major U.S. metro markets, today announced the signing of a new $200 million Senior Secured First Lien Term Loan Facility (the "Term Loan") provided by Canyon Partners, LLC. NextWave is a portfolio company of Solus Alternative Asset Management and Avenue Capital Group.

Tradewind Finance has completed a $5 million export factoring facility for a meat trading company that is based in the United States and has a subsidiary in Brazil. The company exports to the Middle East, South Africa, and Asia and is using the funding to support their growth. The company needed additional credit lines to expand their business but encountered difficulty securing them.

As we come off a year which, in response to the pandemic, was the most interactive with our members in SFNet’s history, and notwithstanding the tumult we have experienced including yesterday’s deeply disturbing events in Washington DC, we are more determined than ever to fulfill our mission of putting capital to work and eager to share our plans to do so in 2021. In consideration of the environment, we continue to shift toward a more accessible and inclusive engagement model; one that offers more frequent and on-demand opportunities for relationship building, accessing information, professional development and expressing our voice in legislative and regulatory matters than ever before.