Credit Suisse and the Qatar Investment Authority (QIA) are pleased to announce that QIA will partner with Credit Suisse Asset Management to form a multibillion dollar direct private credit platform that will provide financing primarily in the form of secured first and second lien loans to upper middle-market and larger companies in the US and Europe

Truist Financial Corporation (NYSE: TFC) today announced the launch of Truist Ventures, a corporate venture capital division created by integrating investments in technology companies from the heritage SunTrust brand with BB&T Ventures. The firm, which also is announcing its latest deal with global payments network Veem, is focusing on strategic partnerships and investments to bring novel solutions to Truist clients and deliver on the company's purpose to inspire and build better lives and communities.

Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, “Antares”) announced the final closing of its inaugural Senior Loan Fund (“SLF”). The fund, which launched in December 2019, closed on September 14th with approximately $3 billion of asset purchasing power, exceeding its initial target of $1.5 billion. Capital was raised across a diversified set of institutional investors.

- Most businesses plan to ramp up tech spending over next 12 months - Remote work likely to remain common even after pandemic subsides - Many believe their businesses would have fared better if they'd invested more in tech before COVID-19 hit

With more than 30 years of banking experience, including the last 28 years at BMO Harris Bank, Kevin is a Certified Treasury Professional (CTP) and has held various leadership roles in Commercial Lending and Treasury Management. He began his career with Harris Bank and joined M&I Bank in 1992, where he advanced through the acquisition with BMO to his most recent role as Managing Director, Head of Commercial Sales: Treasury & Payment Solutions. His focus on developing high-performing teams for the benefit of clients is a hallmark of his career that he will continue at First Business Bank.

Republic Business Credit provided a non-borrowing, traditional factoring facility with credit protection and collection services, with minimal annual volume requirements. Republic provided the credit information to support the decision for which orders to take and which ones to avoid during the recession. The company believes there will be an uptick in volume as the year progresses but it might be unevenly spread across his customer base depending on reopening guidelines.

Centerview Partners served as financial advisor to the Company, Kirkland & Ellis LLP served as the Company’s legal counsel and FTI Consulting served as the restructuring advisors to the Company. Evercore Group L.L.C. served as financial advisor, and Stroock & Stroock & Lavan LLP served as legal counsel, to an ad hoc group of Ultra’s senior creditors in connection with the restructuring.

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $15 million senior secured term loan with Vedanta Biosciences, Inc. ("Vedanta" or "the Company"), a clinical-stage biopharmaceutical company developing a new category of therapies for immune-mediated diseases based on defined bacterial consortia. The funds will be used for general working capital and to advance the development pipeline.

Delta Air Lines Inc. raised $9 billion in the industry’s largest debt sale ever, tapping into investors’ rampant demand for yield while seeking to survive a slowdown that’s causing it to burn through $27 million a day.

Finitive, a private credit platform providing institutional investors with direct access to alternative lending investments, today announced that it has facilitated a credit facility for a specialty finance company that buys distressed small business loans and merchant cash advance (MCA) portfolios.

The facility is one of the largest private debt raises in data center history, consisting of a $650 million term loan, a $100 million delayed draw term loan and a $250 million revolving credit facility. Aligned engaged TD Securities as the administrative and collateral agent; Goldman Sachs Lending Partners LLC as the syndication agent; and ING Capital LLC as the sustainability structuring agent. TD Securities, Goldman Sachs Bank USA, Citizens Bank, N.A., Deutsche Bank AG, New York Branch, and Nomura Securities International, Inc. served as joint bookrunners and joint lead arrangers for the facility.

In addition, ENGS worked with the company and its customers to put in place a seamless receivables management process that will allow the company to better service its customers. Now the company can move forward confident that they will have adequate cash flow to pursue growth opportunities without the administrative burden and overhead expense that comes with implementing a back-office system.

EducationDynamics, LLC (“EducationDynamics” or the “Company”) has raised $80 million from WhiteHorse Capital Management, LLC (“WhiteHorse”). The Company raised capital to finance the acquisition of key assets of Thruline Marketing, Inc. (“Thruline Marketing”) from Oaktree Capital Management as well as to refinance its existing debt. In addition, the Company raised $12.5 million from Encina Business Credit, LLC (“Encina”) in the form of a revolving credit facility. EducationDynamics is a portfolio company of Prudential Private Capital (“Prudential”) and Muirlands Capital. FocalPoint Securities, LLC (“FocalPoint”) served as the exclusive investment bank to the Company.

Axiom Bank, N.A., a Maitland-based, leading community bank, recently named Edwin Rasinski as branch manager of its new flagship Winter Park branch. In this role, Rasinski will oversee branch operations to meet the financial and business needs of the Winter Park community.

Endeavour is pleased to announce the closing of a $50MM credit facility with CoVenture, a multi-strategy asset management firm. This facility will accelerate Endeavour's growth strategy for financing US Federal Government contractors. Headquartered in New York, CoVenture is an asset manager focused on investing across the capital stack of technology companies.

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $40 billion of equity capital under management, announced today that it has hired Andrew Liau to co-lead its infrastructure team alongside Ed Pallesen. Andrew will be based in London, with primary day-to-day responsibility for the infrastructure teams’ activity in Europe, while Ed will continue to be based in New York with primary focus on the Americas.

Stephen Coma will lead the firm’s High Yield Housing Origination group—the newest extension of its Debt Capital Markets division. Coma will oversee four new additions to HilltopSecurities’ High Yield Housing Origination group, including Managing Director Adriane Evans, Director Michelle Le, Assistant Vice President David Prieto, and Analyst Wei Fan. Coma, Le, Prieto, and Fan will serve clients from HilltopSecurities’ Charlotte, North Carolina, office and Evans will operate from Sarasota, Florida. The group reports to Mike Bartolotta, senior managing director and head of Dept Capital Markets.

Today, Hilco Global announced the recipients of its Hilco Scholars Scholarship Program to Little Village residents Sebastian Chaidez and Carla Prado. The Hilco Scholars program, now in its second year, began accepting submissions for its 2020 award cycle in July 2020. Each year, residents of the Little Village neighborhood in Chicago pursuing an associate degree program at one of the seven City Colleges of Chicago are eligible to apply for the award. The scholarship can be used for education-related expenses including tuition, fees, books, tools, equipment, and materials that are required for students to successfully complete their degree.

Gerber Finance, a leading finance partner for companies experiencing accelerated growth, today officially launched Naturally Gerber Finance, the company’s newly formed division focused on the natural products market. The division works with companies within the natural products space, from clean label, organic and non-GMO products, to sustainable design and packaging. Helming the division is Andrew Hollingsworth, former Gerber client and CFO at Numi Organic Tea, hired earlier this year. Hollingsworth helped establish the company’s west coast headquarters.

J D Factors announces, with great sadness, the loss of its President and Founder, Stephen P. Johnson, who died Thursday, September 3, 2020, after a long battle with prostate cancer. It is a true rarity to work with someone who is both simultaneously shrewd and kindhearted in his business dealings and life. Steve was unfaltering in both of these things.