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Encina Lender Finance (ELF) closed an inaugural $25,000,000 senior credit facility for Sparrow Financial. Headquartered in Las Vegas, Sparrow is a fintech startup lending to consumers nationwide. Bill Laird, Head of Risk for ELF’s consumer vertical... Read Story

Filed Under: Lender Finance
September 25, 2023 @ 08:00 AM

The Wall Street Journal reported Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial number of its more than 2,100 drugstores, citing people familiar with the talks.According to the... Read Story

Filed Under: Bankruptcy
September 25, 2023 @ 08:00 AM

Capstone Copper amended its existing revolving credit facility to increase the aggregate commitments from $600 million to $700 million and extend the maturity from May 2026 to September 2027. The Amended Credit Facility will bear interest on a... Read Story

Filed Under: Metals and Mining
September 25, 2023 @ 07:50 AM

Drift Capital, an alternative asset manager providing fractional investments in a diversified portfolio of collectible automobiles, launched its inaugural Drift Capital Fund I, L.P. (the “Drift Fund” or “Fund”). The closed-end Drift Fund, the first... Read Story

Filed Under: Investor Services
September 25, 2023 @ 07:48 AM

Sprott announced that Sprott Private Resource Lending Fund III (“Fund III”) has completed its final closing. With the close of Fund III, total assets under management of Sprott Resource Lending Corp (“SRLC”) stands at U.S.$1.5 billion within the... Read Story

Filed Under: Specialty Finance
September 25, 2023 @ 07:45 AM

Dominick Longo has joined Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, a Wintrust Community Bank, as senior vice president, chief credit risk officer. Longo will be located in Maywood, New Jersey, and is focused on... Read Story

September 25, 2023 @ 07:40 AM

For the second consecutive year, H.I.G. Growth Partners was named one of the Top Private Equity Firms of 2023 by GrowthCap, an advisory firm specializing in growth capital. The award further establishes the firm’s place as a leading growth equity... Read Story

Filed Under: Private Equity News
September 25, 2023 @ 07:00 AM

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with more than $7.5B in owned and managed assets, announces that industry veteran Carl Bretzman has joined the company to manage and grow business... Read Story

September 25, 2023 @ 06:00 AM

Wells Fargo announced that Thomas R. Nides will join the company in October as Vice Chairman, reporting to CEO Charlie Scharf and joining the company’s Operating Committee.As Vice Chairman, Tom will have a broad role across the company. He will be a... Read Story

September 22, 2023 @ 08:05 AM

Texas Capital Bancshares, the parent company of Texas Capital, has appointed Amos McDonald as head of Business Banking, effective immediately. McDonald is based in The Woodlands, Texas, and is responsible for setting and driving production goals... Read Story

September 22, 2023 @ 08:00 AM