Janus Henderson Group, a leading global asset manager, and Victory Park Capital Advisors (“VPC”), a leading global alternative investment firm specializing in private asset-backed credit and a majority-owned affiliate of Janus Henderson, jointly announced that CNO Financial Group, a nationwide life and health insurer and financial services provider, will acquire a minority interest in VPC. In addition, CNO will provide a minimum of $600 million in capital commitments to new and existing VPC
Read Story
September 25, 2025 @ 08:15 AM
|
The elevated pace of large corporate bankruptcy filings that began in early 2023 continued through the latter half of 2024 and into the first half of 2025, according to a new report from Cornerstone Research. The report, Trends in Large Corporate Bankruptcy and Financial Distress—Midyear 2025 Update, found a 4% increase in Chapter 7 and Chapter 11 filings among public and private companies with assets exceeding $100 million. Over the last 12 months (2H 2024–1H 2025), 117 large companies filed
Read Story
September 25, 2025 @ 08:05 AM
|
Grays Peak Capital ("GPC"), a New York-based global investment firm, announced the launch of its second fund, Grays Peak Private Credit II (GPPC GovCon), a private credit vehicle designed to provide strategic capital to the government and defense ecosystem in North America.The Fund has secured initial commitments from Fund I investors and multiple strategic asset managers groups and plans to deploy up to $500 million annually in government and military middle-market companies, joint ventures
Read Story
September 25, 2025 @ 08:03 AM
|
The American Bankers Association’s Economic Advisory Committee expects continued slow U.S. economic growth for the remainder of 2025 and a modest pickup in 2026. The group’s latest forecast released indicates inflation will remain stubbornly high and above the Federal Reserve’s 2% inflation target.The committee, composed of 16 chief economists from some of North America’s largest banks, expects Q4/Q4 real economic growth at 1.3% in 2025 with an increase in 2026 to 1.8%, supported primarily by
Read Story
September 25, 2025 @ 08:02 AM
|
SG Credit Partners, through its Consumer Products division, recently completed a senior debt investment in New Primal, a leader in low sugar, high protein, and flavorful snacks. "We’ve always looked for partners who understand the unique dynamics of building a mission-driven CPG brand,” said Jason Burke, Founder and CEO of New Primal. “SG’s flexibility, deep industry knowledge, and thoughtful approach made them a clear choice. Their team took the time to understand our business and build a
Read Story
September 25, 2025 @ 08:00 AM
|
U.S. Bancorp, parent company of U.S. Bank, announced that Senior Executive Vice President and Chief Audit Executive Kandace Heck plans to retire from the company later this year and will be succeeded by Christopher Paulison.“For the past eight years, Kandace has been an important voice at U.S. Bank, leading our Corporate Audit Services function and working to strengthen our internal audit capabilities. She brought credible challenge in a time of tremendous change. We wish her well as she plans
Read Story
September 25, 2025 @ 07:30 AM
|
Squire Patton Boggs announced that Trish O’Donnell has joined the firm’s New York office as a partner while Nathan Menon has joined as a director in London. Both join the firm’s growing global Structured Finance group from Reed Smith. Their arrival follows that of Ranajoy Basu who joined the firm in July from McDermott Will & Emery to serve as Global Head of Structured Finance. “Trish and Nathan are both respected practitioners with strong cross-border experience who complement our strategic
Read Story
September 25, 2025 @ 07:14 AM
|
Flexi View Lending closed a $33 million loan to support the acquisition and construction of a major project located in Duluth, Minnesota. The transaction was successfully originated by James McDonough, Executive Director, and closed in an expedited 20-day timeframe.The loan features a 60-month term, structured with interest-only amortization at an 11.5% interest rate, and a conservative 65% loan-to-value (LTV) ratio. This financing underscores Flexi View Lending’s ability to deliver tailored
Read Story
September 25, 2025 @ 07:10 AM
|
Citizens Capital Markets & Advisory served as the exclusive financial advisor to Meritech Systems LLC, a manufacturer of fully automated hygiene and sanitation systems, on its sale to CFS Technologies, a portfolio company of Union Park Capital. Meritech was previously backed by Forest Lane Capital.Founded in 1986 and reimagined in 2019, Meritech's mission is to redefine human hygiene for a safer, healthier world. Meritech manufactures automated handwashing stations, footwear sanitizing machines
Read Story
September 25, 2025 @ 07:00 AM
|
Solifi, a global leader in secured finance technology, announced the acquisition of DataScan, a trusted North American leader in wholesale finance and inventory risk management.Founded in 1989 and headquartered in Alpharetta, GA, DataScan has been at the forefront of the wholesale finance and risk category for more than 30 years, serving over 45 major banks and captive lenders. Its core offerings include:
Wholesale Intelligence: Loan servicing for wholesale lenders across North
Read Story
September 24, 2025 @ 08:15 AM
|
White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), provided a $20 million ABL Revolver Facility, with a $5 million uncommitted accordion and $1 million sublimit for letters of credit, to Lulu’s Fashion Lounge, LLC, the popular online retailer of fashion-forward clothing for women. The facility will be used in part to service existing debt obligations and support the Company’s sustainable growth objectives.“We are pleased to work with Lulu’s as it
Read Story
September 24, 2025 @ 08:10 AM
|
Sports Illustrated Tickets secured a $50 million credit facility led by Eagle Point Credit Management LLC (“Eagle Point”) and with Feenix Venture Partners. The credit facility will fuel several strategic priorities for Sports Illustrated Tickets, including expanding its inventory, enhancing customer experience through technology, and deepening partnerships across leagues, teams, and venues.“Securing this $50 million facility from Feenix Venture Partners and Eagle Point represents more than just
Read Story
September 24, 2025 @ 08:01 AM
|
Webster Bank announced Nicholas Quartarano has joined Webster Private Bank as a Managing Director and Relationship Manager for the Westchester County, Lower Hudson Valley and Northern New Jersey regions.Quartarano brings more than 15 years of experience in wealth management at large financial institutions and a client-centric, holistic approach to Webster Private Bank. He will deliver a full offering of products and services including customized lending solutions, investment, trust and estate
Read Story
September 24, 2025 @ 07:58 AM
|
Great Rock Capital closed a $40 million senior secured revolving facility with FLANDERS. A portfolio company of Center Rock Capital Partners, FLANDERS is an industry-leading global manufacturer and service provider for heavy industrial machinery and severe-duty applications.The new revolving credit facility refinanced the company’s existing debt while providing incremental liquidity and financial flexibility to support growth initiatives. “For more than 75 years, FLANDERS has been a trusted
Read Story
September 24, 2025 @ 07:57 AM
|
Mitsubishi HC Capital America is strengthening its working capital team with the appointment of Aaron Dever as Business Development Director, Business Finance. Dever will be spearheading the origination and structuring of asset-based lines of credit, collaborating with referral partners, and serving as a vital resource for business owners and trusted advisors for the company. “Aaron’s deep expertise in asset-based lending and his strong track record make him a great fit for our team,” said
Read Story
September 24, 2025 @ 07:52 AM
|