Neuberger Berman, a global, private, employee-owned investment manager, announced the launch of NB Asset-Based Credit Fund, the firm's first interval fund, which offers a private credit solution for individual investors.The Fund, managed by Neuberger's Specialty Finance group, seeks a high-level of current income through an actively managed portfolio focused on short duration, asset-based credit investments in various sectors including receivables lending, consumer, small business, and real
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August 21, 2025 @ 08:12 AM
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SLR Business Credit, in conjunction with its affiliate SLR Digital Finance, announced that Gino Clark has joined as Senior Vice President/Managing Director to expand its traditional factoring business. In this leadership role, he will be delivering SLR Business Credit and SLR Digital Finance’s full suite of asset-based and factoring products to U.S. businesses. Clark is based in the SLR Business Credit / SLR Digital Finance Sherman Oaks, California office. Clark was most recently a Senior Vice
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August 21, 2025 @ 08:05 AM
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Modivcare, a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, announced that it has taken necessary and decisive action intended to strengthen its financial foundation while continuing to provide access to care, reduce costs, and improve outcomes for clients and members nationwide. Modivcare has filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas
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August 21, 2025 @ 07:55 AM
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Solifi, a global fintech software partner for secured finance, announced that ALL Capital, a recently launched asset-based lender, has implemented Solifi ABL to support the venture. Founded by industry veterans Charlie Hodgson and Mike Bryon, who have extensive experience in private credit, ALL Capital provides flexible debt capital to clients aiming to raise between £5m and £20m. The business has chosen Solifi to streamline its operations and support its growth as it brings its solutions to the
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August 21, 2025 @ 07:51 AM
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SG Credit Partners, through its Consumer Products division, announced a senior debt investment in ZICO Rising, the pioneering coconut water brand known for its commitment to natural hydration and clean-label ingredients. Founded in 2004 and re-acquired by its founder Mark Rampolla in 2021, ZICO has re-emerged as a foundational brand in the better-for-you beverage space. With a mission to offer consumers “hydration that comes from the source,” ZICO’s not-from-concentrate coconut water delivers
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August 21, 2025 @ 07:50 AM
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Franklin Capital announced the addition of Steven Damon as Vice President of Operations. Damon brings over 26 years of experience in asset-based lending, factoring, and audit, with a proven track record of managing $20 million-plus portfolios without losses and underwriting facilities up to $15 million. Known for his expertise in operational leadership, risk controls, and client relationship management, he will be responsible for overseeing Franklin Capital’s operational processes, enhancing
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August 21, 2025 @ 07:30 AM
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Foothills Capital funded a $15 Million asset-based line of credit to help finance the acquisition and ongoing working capital needs of a technology solutions company acquired by a private equity firm. Foothills advised the client on the financing to facilitate this complex transaction, involving a carve-out from a publicly traded company. Foothills' engagement included: obtaining the information critical for lenders; identifying best-in-class lenders; explaining the key aspects and nuances of
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August 21, 2025 @ 07:29 AM
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Mitsubishi HC Capital America announced that it is a 2025 Financial Services Top Workplaces Industry winner. The recognition, awarded by research and consulting firm Energage LLC, is an honor based solely on the voices of employees, with winners selected through anonymous feedback. Mitsubishi HC Capital America earned top marks for fostering a workplace culture grounded in support and appreciation. Employees consistently report that their managers are highly supportive - actively encouraging
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August 21, 2025 @ 07:06 AM
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Cizzle Brands Corporation entered into a three-year $5,000,000 secured revolving credit facility provided by eCapital.The facility will be available to be drawn down as needed for general corporate purposes and working capital needs, as the Company continues to execute its business strategic growth plans for CWENCH Hydration™ and Spoken Nutrition, along with new product offerings planned for the short and medium-term.The facility bolsters Cizzle Brands’ cash position following its oversubscribed
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August 21, 2025 @ 07:03 AM
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Tetra Capital announced that it has been named one of FactoringClub’s Best Factoring Companies for 2025. This marks the fourth time Tetra Capital has received this prestigious recognition since 2018.FactoringClub evaluates more than 120 factoring companies each year and selects winners based on excellence in customer service, value, and integrity. Tetra Capital’s continued recognition highlights its commitment to delivering personalized funding solutions and exceptional service to trucking and
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August 21, 2025 @ 07:00 AM
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Fifth Third Bancorp announced the expansion of its asset backed finance (ABF) group within the Commercial Bank with additional capabilities, capacity and expertise to underwrite and distribute asset backed securities (ABS). This expansion positions Fifth Third to grow its position as a leader in ABS transactions within its existing core asset classes, including transportation, consumer entertainment and equipment finance (small-mid and large-ticket).Fifth Third's current capital commitment of
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August 20, 2025 @ 08:15 AM
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White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors (“White Oak”) provided a $51 million senior secured loan to a wholly owned subsidiary of Xin Capital for the acquisition of Times Square West, a 144.5k square foot mixed-use assemblage containing 17.5k square feet of ground-level retail and 127k square feet of newly renovated office space in New York City. The building, located at 303 W 42nd St and 300 W 43rd St, was extensively renovated from 2021 to 2023 by the
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August 20, 2025 @ 08:12 AM
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Lambda, the Superintelligence Cloud, closed a $275M syndicated senior secured credit facility led and arranged by J.P. Morgan, with Citi, MUFG, and Crédit Agricole, among others, as lenders in the syndicate. The financing will allow Lambda to scale its AI data center footprint and GPU server fleet to meet growing demand from enterprise and superintelligence customers. The credit facility reflects confidence in Lambda’s growth strategy, market leadership, and ability to scale gigawatt-scale AI
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August 20, 2025 @ 08:08 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Herman & Wallace Pelvic Rehabilitation Institute (“Herman & Wallace”) by Summit Professional Education (“Summit”), an existing portfolio company of Avathon Capital.Founded in 2005 and headquartered in Seattle, WA, Herman & Wallace provides comprehensive, hands-on and evidence-based curricula for treating pelvic floor dysfunction in
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August 20, 2025 @ 08:05 AM
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FIS announced the launch of its innovative Optimized Reconciliation Service, a fully managed solution designed to automate the end-to-end reconciliation process for banks, corporations, and financial institutions.Reconciliation is a crucial quality assurance element of functioning capital markets, where data from a firm’s internal systems is compared with external sources like banks and brokers to ensure consistent recordkeeping amongst counterparties. Using automation technology, FIS’ Optimized
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August 20, 2025 @ 08:00 AM
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