Beach Point Capital Management, a diversified alternative asset manager, announced the close of over $1.25 billion of capital commitments across both BPC Opportunities Fund V LP (the "Opportunities Fund V") and BPC Real Estate Debt Fund ("BPRED"), which raised over $750 million and $545 million of investable capital, respectively. The investors in both funds represent a wide range of sophisticated global institutions including pensions, insurance companies, family offices, sovereign wealth funds
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MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a senior bridge loan and working capital facility for three skilled nursing facilities in Florida, totaling $108,750,000. The sponsorship group, a repeat client of MONTICELLOAM, plans to use the $105,500,000 floating-rate senior bridge loan to refinance the existing debt on the portfolio located across southern Florida.“MONTICELLOAM is proud to provide long-term value to our healthcare
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PNC Bank announced entry into a definitive agreement to acquire Aqueduct Capital Group, a placement agent focused on raising capital for private equity, private credit and real asset managers through its broad access to sophisticated, global pools of capital. Founded in 2003, Aqueduct has built a strong reputation advising its clients on a variety of fundraising solutions."This acquisition is complementary to existing capital advisory capabilities provided through PNC's subsidiary Harris
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King Trade Capital closed a $1.8MM purchase order finance facility for an aerospace parts company in support of their newly awarded U.S. Air Force contract. The client approached King Trade Capital seeking a fast and flexible finance solution to support the acquisition and refurbishment of five nose landing gears required under the contract. King Trade Capital was able to quickly underwrite the contract and provide the necessary funding to facilitate payments to the client’s supplier for the
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Barclays announced the appointment of Marc Warm as Global Co-Head of Capital Markets, alongside Tom Johnson and Travis Barnes. Marc will report to Cathal Deasy and Taylor Wright, Global Co-Heads of Investment Banking and be based in New York.Warm has worked in the leveraged finance business for over 30 years. He joins Barclays from UBS where he was Global Head of Leveraged and Debt Capital Markets. He brings a deep understanding of the credit markets, a strong network of sponsor and issuer
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Legacy Group Capital (“Legacy”), an innovative real estate company, announced its first institutional capital partnership with LibreMax Capital, LLC (“LibreMax”), an $11.8 billion asset management firm specializing in securitized products and asset-backed finance. The deal includes an 18-month revolving period, during which principal payoffs can be reinvested to originate new loans, creating a projected $400 million in additional funding capacity. Legacy Chief Investment Officer Ed Messman said
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The client is a Houston-based fabricator focused on interior design for commercial spaces. After realizing that complex design projects were often overlooked or cut from the budget of construction projects, the owners combined their expertise and creativity to meet the need. The shop currently offers various services to the design community across Texas.From the beginning, the business has done very well, increasing sales and net income year after year. However, a lightning strike from Hurricane
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o15 Capital Partners ("o15"), through its o15 Emerging America Credit Opportunities ("EACO") fund, announced a $28 million senior secured debt investment in Simplify Compliance Holdings, LLC, a diversified B2B information services platform backed by Leeds Equity Partners ("Leeds Equity").The investment refinances Simplify's existing credit facilities and provides strategic flexibility as the Company enters its next phase of growth. o15 served as the sole lender.Headquartered in Brentwood
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Republic Business Credit announced the expansion of its legal team with the addition of Katie Hay as AVP, Legal Analyst. She will report to VP, Legal Manager Christy Morgan and will be based in Republic’s New Orleans office. Hay brings a wealth of experience in the legal field to Republic. A graduate of Louisiana State University, Hay continued her education to earn a Paralegal Certificate from LSU in 2019. Her career includes significant experience assisting, drafting and reviewing legal cases
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Blue Owl Capital, a leading alternative asset manager, announced the final close of its most recent digital infrastructure fund, Blue Owl Digital Infrastructure Fund III ("ODI III") with $7 billion of total capital commitments. ODI III exceeded the original target of $4 billion and hit its hard cap.ODI III will focus on developing, acquiring, and owning data centers and other connectivity related real assets to help meet the AI and cloud-driven global digital capacity needs of the world's
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Monroe Capital, on behalf of its investment funds, has established a partnership with Source One Financial Services, LLC (“Source One”) to originate and purchase consumer recreational vehicle (“RV”) and marine loans. The initial pool is expected to be $250 million. Monroe has secured a revolving credit facility with Canadian Imperial Bank of Commerce to finance such origination and purchase. The capital provided by the Monroe partnership will allow Source One to continue to drive origination
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B. Riley Financial announced that Scott Yessner has been appointed Chief Financial Officer, effective June 3, 2025. Yessner, who has served as a strategic advisor for B. Riley Financial for the past two months, will succeed Phillip Ahn, who is departing to pursue another opportunity.Yessner brings to B. Riley significant experience and a proven track record as the Chief Financial Officer of public and private companies, with a particular focus on leading corporate transformations. He previously
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Grant Thornton appointed new leaders for Asset Management, Energy and Healthcare within its multinational Industry practice.Shona O’Hea, an Advisory Services partner based in Dublin, Ireland, has been named the head of Asset Management. Tyler Jones, an Audit & Assurance Services partner based in Dallas, has been named the head of Energy, and Scott McGurl, a Business Consulting principal based in Tampa, Florida, has been named the head of Healthcare.“Today’s unique business climate is impacting
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Austin Financial Services closed a $5 million accounts receivable revolver facility for a private equity-owned commercial tree services company providing comprehensive vegetation management and brush maintenance services across the Pacific Northwest. The company, which is committed to enhancing tree care, maximizing urban recycling, and reducing carbon footprints, used the proceeds from the AFS line of credit to refinance its existing bank facility and is leveraging the additional working
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A leading beauty branding company recently secured a partnership with a celebrity, resulting in a surge in sales and a need for additional financial support. Referred by a member of a consumer product network, the company turned to Rachel Hersh, Sales Director North America at Prestige Capital, for assistance. The client had an opportunity to showcase their product on a national TV program but needed funding to produce the inventory.Rachel Hersh commented, "Invoice financing continues to play a
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