Crayhill Capital Management LP, a $3 billion alternative asset management firm specializing in asset-based finance, today announced the close of Crayhill Principal Strategies Fund III ("Fund III") with approximately $1.31 billion of capital commitments, including $162 million of committed co-investment capacity, exceeding its $1 billion target.

Aventiv Technologies, a communications and technology business serving state and local correctional facilities, the incarcerated, and their friends and families, today announced an agreement with financial stakeholders to recapitalize the business and position it for future growth via a debt-for-equity exchange.

Marathon Asset Management, L.P. (“Marathon”), a leading global asset manager specializing in public and private credit markets with over $23 billion in assets under management, announced the successful completion of a refinancing program for NN, Inc. (NASDAQ: NNBR) (“NN”), a global diversified industrial company that engineers and manufactures high-precision components and assemblies.

Solifi, a global fintech software partner for secured finance, announced the appointment of Mike Cagle as its new Chief Financial Officer. With over 20 years of experience in financial leadership and SaaS company management, Mr. Cagle brings a great deal of knowledge and expertise to Solifi.

(“eCapital”), a leading technology-enabled provider of financing solutions for small and medium-sized businesses (SMBs) across North America and the U.K., today announced the renewal and upsizing of commitments under its core factoring facility from $725 million to $917 million.

CIBC Innovation Banking announced today that it acted as Lead Arranger and Administrative Agent of credit facilities for Vena Solutions (“Vena”), an industry-leading Financial Planning and Analysis (FP&A) platform purpose-built to leverage the full power of the Microsoft technology ecosystem.

In 2024, asset-based lending (ABL) remained stable. The market moved away from the disruptions caused by the pandemic and returned to a more typical, fundamentals-driven environment. However, with persistent inflation, uncertain monetary policy, and new tariffs, lenders are now preparing for increased volatility.

The Secured Finance Network (SFNet) has released its Q4 2024 Asset-Based Lending Index and Lender Confidence Index, offering a snapshot of a resilient ABL market. SFNet’s Data Committee has also published an overview of the market drawing from SFNet’s 2024 Annual ABL Survey, syndicated market data from LSEG LPC, and new macroeconomic insights from KeyBridge Research.

Great Elm Commercial Finance, a leading provider of asset-based lending (ABL) solutions, announced the launch of a new, enhanced asset-based loan product designed to help small to middle market businesses navigate the financial strain of a higher tariff environment.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce the hiring of Chad McShane as Vice President of Sales, Equipment Leasing.

Cloud Capital Funding, a trusted leader in providing Factoring, Purchase Order Funding and Supply Chain Finance solutions to businesses, has funded a $2,000,000 purchase order funding and accounts receivable factoring facility to a Florida-based Defense Department Medical Supplies company.

​Lafayette Square announced today that it has provided a credit facility to support Maxwell Street Capital Partners’ (“Maxwell Street”) investment in Port Jersey Logistics (“Port Jersey”), a leading provider of integrated temperature-controlled logistics solutions to the food and beverage industry.

Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Administrative Agent on a $210,000,000 senior secured credit facility for Spring Venture Group, LLC ("SVG", or the "Company"), one of the fastest growing omnichannel distributors of Medicare Advantage, and leading Medicare Supplement distributors.

B. Riley Securities Holdings, Inc. ("B. Riley Securities," "BRS" or the "Company"), a leading middle market investment bank, continues to strengthen its platform with key hires across its TMT investment banking and research practice.

I wanted to reach out to everyone in hopes that you made it safely though the horrible Los Angeles fires. January was definitely the time for hugging friends and family and being there for your loved ones.

SierraConstellation Partners LLC (SCP) is an interim management and advisory firm with a presence in Boston, Chicago, Dallas, Florida, Los Angeles, New York, and Seattle.

scalABLe is a no-code asset-based lending software platform that accelerates lender growth with tailored efficiency, customization, and data transparency. Built by users for users, we solve the industry’s biggest pain points by enabling lenders to handle more borrower relationships while delivering real-time insights and a fully customizable experience—no coding knowledge required.

Gateley (Holdings) PLC (AIM: GTLY), a professional services group, has announced a new £80 million revolving credit facility with a consortium of banks to bolster its growth strategy. The facility is set to run until April 2028, with the option to extend until April 2030.

U.S. Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company focused on developing oil and gas projects for itself and its partners, has acquired ~20,000 net acres in Reeves and Ward Counties, Texas.

Vaquero Midstream, a natural gas gathering and processing midstream company operating in the Delaware Basin, closed on an expanded $400 million credit facility led by BOK Financial®.