Ares Management Corporation announced that funds managed by its Credit Group closed approximately $11.5 billion in U.S. direct lending commitments across 81 transactions during the first quarter of 2025 and approximately $50.4 billion in direct lending commitments across 351 transactions in the 12 months ended March 31, 2025. The $50.4 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business. Below is a description of selected transactions that
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May 05, 2025 @ 08:15 AM
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According to a Bloomberg report, hedge funds are betting against private credit lenders due to trade wars, a shrinking economy and rising strain among borrowers. According to the report, short sellers have made approximately $1.7 billion on paper so thus far in 2025 betting against some of the largest direct lenders. Bloomberg reports that while direct lenders have touted tariff-induced volatility as an opportunity to attain a larger share of the market, their share prices have fallen over the
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The 30,961 individual chapter 7 filings in April 2025 represented a 16 percent increase over the 26,781 filings recorded in April 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total individual bankruptcy filings increased 10 percent in April 2025, to 47,323, up from the April 2024 individual filing total of 43,030. The 16,246 individual chapter 13 filings in April 2025 represented a slight increase from the 16,175 individual chapter 13
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Runway Growth Capital announced the promotion of Avisha Khubani to Managing Director of Portfolio Analytics. In her expanded role, Khubani will continue to oversee the performance of Runway's portfolio companies while enhancing Runway's risk assessment and monitoring frameworks to ensure sustainable growth for its investments.Khubani, who joined Runway in 2018 as a Vice President, has played a key role in shaping the firm's portfolio analytics function.Prior to joining Runway, Khubani was a Vice
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VSE Corporation, a leading provider of aviation aftermarket distribution and repair services, announced the successful refinancing of its Term Loan A and Revolving Credit Facility. Citizens Bank acted as the administrative agent, lead-left bookrunner and joint lead arranger, for the syndicate of nine banks.The Company entered into a new $300 million Term Loan A and a $400 million revolving credit facility, both maturing on May 2, 2030. These facilities refinance and replace the Company’s
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First Citizens Bank won two gold Stevie® awards for business excellence in the 23rd annual American Business Awards competition.The American Business Awards are widely regarded as the premier business awards program in the U.S. More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.First Citizens’ awards – Company of the Year in Banking (large bank category), and Achievement in Banking
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Houlihan Lokey announced that Andy Hull has joined as a Managing Director and Head of Midstream in the firm’s Oil & Gas Group. Based in Houston, Hull will lead and further enhance the firm’s midstream coverage. Hull joins the firm after 20 years at RBC Capital Markets. Most recently, he served as a Managing Director in the Global Energy Group, where he led strategic idea generation, business development, capital allocation, and transaction execution across midstream oil and gas and
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TPG, a leading global alternative asset management firm, announced the launch of TPG Sports, a dedicated investing business focused on partnering with companies, teams, and leagues shaping the future of sports. TPG is launching the strategy in partnership with career Grand Slam golfer Rory McIlroy, his business partner Sean O'Flaherty, and their team at Symphony Ventures. McIlroy and O'Flaherty will serve as Operating Partners for the strategy, contributing to sourcing investments and value
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Ally Financial announced the launch of a new Corporate Finance division focused on energy and infrastructure finance, specifically targeting the power, energy and digital sectors. This initiative is part of Ally's commitment to delivering tailored financing solutions that meet the evolving needs of businesses operating in these vital industries.The newly established Energy and Infrastructure Finance group will build on Ally Corporate Finance's legacy of delivering client-centric, sector-specific
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Renasant Corporation announced that Kevin D. Chapman has assumed the role of Chief Executive Officer and President of both the Company and Renasant Bank. C. Mitchell Waycaster, immediate past Renasant CEO, will continue as Executive Vice Chairman for both the Company and the Bank. As Executive Vice Chairman, Waycaster will continue to be involved in strategic planning, investor relations, mergers and acquisitions, and providing guidance and board level oversight for the Company."As previously
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Ares Management Corporation, a leading global alternative investment manager, announced that its Ares Private Markets Fund (“APMF”), a diversified private equity investment solution anchored in secondary investments, exceeded $3 billion in assets under management in its first three years in the market. APMF is distributed through Ares’ Wealth Management Solutions platform (“AWMS”), an industry leader in providing private market investment solutions to advisors and their clients. Leveraging the
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Canyon Partners, a $27 billion global alternative investment manager founded in 1990, announced the hiring of veteran credit investor William Im as a Managing Director based in the firm's New York office. Im will support the full spectrum of Canyon's private credit investment efforts.Im brings to Canyon over 15 years of experience in private credit, most recently serving as Director in the Global Credit Opportunities group at BlackRock. In this role, he played a significant part in building
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Crescent Capital Group, a leading alternative credit investment firm, announced the appointment of Jason Breaux as Head of Private Credit. In this role, Breaux will lead the firm’s private credit business and will focus on platform-wide growth, expanding investment capabilities, and continuing to elevate the Crescent brand. Mr. Breaux will continue in his roles as Chief Executive Officer of Crescent Capital BDC, Inc. and Chair of the Board of Crescent Private Credit Income Corp. (CPCI). He will
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Cadence Bank announced the successful completion of its previously announced merger with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank. The merger enhances Cadence's growing presence in Savannah and Coastal Georgia while deepening the commitment to serving customers and communities. "With the completion of our merger, we're positioned to continue our growth in Georgia and specifically in the Savannah market, offering a full suite
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Eldridge Capital Management, an alternative investment firm and a division of Eldridge, has appointed Leo van den Thillart as Global Head of Capital Formation and Robert (“Bob”) White as Head of Capital Formation, Americas. The pair’s combined 50 years of experience will be pivotal to the expansion of Eldridge Capital Management’s global investor relationships and capital formation capabilities across key markets.Mr. van den Thillart and Mr. White join Eldridge Capital Management from CBRE and
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