Truist Financial Corporation announced that Mark Cuccinello has joined the company as Head of Structured Credit, overseeing Asset-Based Lending, Working Capital Solutions, and Equipment Finance. In this role, Cuccinello will help advance Truist’s structured credit strategy by aligning more closely with the corporate and commercial banking teams to deepen industry relationships and help businesses grow, manage liquidity, and invest in their operations. He will be based in New York and report to
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January 16, 2026 @ 08:00 AM
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First Citizens BancShares announced that Lorie K. Rupp intends to retire as Executive Vice President and Chief Risk Officer, following an exemplary 13-year career at the bank and more than 30 years in the financial services industry. BancShares plans for Tom Eklund, current Treasurer and 20-year First Citizens Bank veteran, to succeed Rupp as Chief Risk Officer. Rupp's retirement and Eklund's appointment will be effective June 1, 2026, providing time to ensure a smooth transition.Rupp has served
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January 16, 2026 @ 07:56 AM
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Horizon Technology Finance, an affiliate of Monroe Capital, provided a $50 million venture loan facility to Pelthos Therapeutics Inc. (“Pelthos”), with an initial funding of $30 million, and up to $20 million to support future growth.Pelthos is a publicly traded biopharmaceutical company that is licensed to commercialize ZELSUVMI™ (berdazimer) topical gel, an FDA-approved treatment of molluscum contagiosum, a common skin infection characterized by small bumps or lesions. ZELSUVMI delivers nitric
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January 16, 2026 @ 07:52 AM
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A new survey from Grant Thornton showed chief financial officers (CFOs) are responding to uncertainty by prioritizing investment in digital tools and automation and strengthening organizational agility to boost efficiency and unlock growth opportunities.According to Grant Thornton’s Q4 2025 CFO survey, which polled over 230 finance leaders, 52% of survey respondents expressed optimism about the U.S. economy. This is nearly identical to the 51% of respondents who were optimistic about the economy
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January 16, 2026 @ 07:46 AM
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Chicago Atlantic announced its role as sole arranger and administrative agent in the closing of a $16.5 million senior secured term loan for Ocular Science, Inc., an affiliate of OSRX, Inc. OSRX is a leading provider of compounded ophthalmic medications.Founded in 2015 and guided by a medical advisory board of 31 world leaders in ophthalmology, Ocular Science focuses on the production of paradigm-shifting therapeutic solutions for eye care that are easy to use, cost-effective and promote patient
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January 16, 2026 @ 07:40 AM
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Eastern Bank added Jarrad Herzog as a Senior Vice President, Asset-Based Lending Relationship Manager. Herzog brings more than a decade of experience financing middle market companies through a variety of lending solutions, including CommerciaI & Industrial and Asset-Based Lending.“Jarrad is experienced in structuring a range of commercial lending options and excels in identifying the preferable solution to meet a company’s needs, and we are excited to welcome him to Eastern Bank,” said Greg
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January 16, 2026 @ 07:35 AM
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New Mountain Capital, a leading growth-oriented alternative investment firm headquartered in New York, announced the $1.2 billion closing of its second non-control private equity fund, New Mountain Strategic Equity Fund II, L.P. and its related vehicles (collectively, “SEF II” or the “Fund”). New Mountain describes itself as “a business that builds businesses,” and has generated over $100 billion of enterprise value gains in its control private equity companies since the firm’s
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January 16, 2026 @ 07:30 AM
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Alterra IOS, a prominent player in the industrial outdoor storage (“IOS”) sector that has acquired over 400 sites nationwide, today announced the closing of a $100 million fund-level revolving credit facility from BMO. The facility is structured to complement the pace of Alterra’s acquisition pipeline and demonstrates BMO’s ability to provide flexible financing that supports the continued growth of the IOS sector.“As the institutionalization of the industrial outdoor storage sector continues to
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January 16, 2026 @ 07:30 AM
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KORE Capital Corporation, a provider of accounts receivable–based working capital financing, announced that in Q4 2025 it extended a $3,000,000 facility to support an entrepreneur whose rapidly expanding subcontract with a major global professional services firm outpaced their available resources.After leaving their role at a leading global consulting organization to launch their own firm, the entrepreneur secured a subcontract supporting one of their former clients. Shortly after project work
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January 16, 2026 @ 07:00 AM
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Fortress Investment Group announced that funds managed by its affiliates have provided a $150 million senior secured term loan to Leisure Time Products.Fortress served as agent, sole arranger and sole lender on the term loan financing, which will support the ongoing growth of Leisure Time’s two operating companies: Backyard Discovery and Step2. Leisure Time Products is a portfolio company of Aterian Investment Partners.Backyard Discovery is a leading producer of ready-to-assemble outdoor
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January 15, 2026 @ 08:12 AM
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U.S. Bancorp has entered into a definitive agreement to acquire BTIG, a financial services firm specializing in investment banking, institutional sales and trading, research and prime brokerage.“BTIG’s top talent, capabilities and technology will position us for continued capital markets growth and deeper client relationships,” said U.S. Bancorp CEO Gunjan Kedia. “This acquisition will enable both organizations to deliver greater value, innovation and efficiency to the companies and institutions
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January 15, 2026 @ 08:10 AM
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Galaxy Digital announced the successful closing of Galaxy CLO 2025-1, a new-issue collateralized loan obligation (CLO) that is tokenized on the Avalanche blockchain. The CLO will be used to support Galaxy's lending activities and represents Galaxy's first CLO issuance.The transaction closed with an approximately $50 million anchor allocation from Grove, an institutional-grade credit infrastructure protocol within the Sky ecosystem (formerly MakerDAO). Grove was incubated by Grove Labs, a
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January 15, 2026 @ 08:03 AM
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Lendscape announced the appointment of Brett Promisel as Chief Executive Officer, following an extensive, global search process. Promisel joins Lendscape with more than 30 years’ experience leading global technology and financial services organizations, with a strong track record of driving growth, operational excellence, and transformational change. Over his career he has held senior leadership roles at mid-size private and public organizations such as RELX, FIS Global, and UBS, working with
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January 15, 2026 @ 08:01 AM
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First Business Bank's Asset-Based Lending team announced a recently closed and funded $7 million credit facility to refinance existing debt and provide working capital for an established food distributor in Hawaii. "We're pleased to provide this comprehensive refinancing solution for a well-established Hawaiian food distributor," said Steve Ogus, Senior Vice President -- Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. "This facility allows the
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January 15, 2026 @ 08:00 AM
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Forum Investment Group (“Forum”) a private real estate investment management firm, recently introduced a new Real Estate Exchange strategy, a private, tax-deferred real estate exchange solution designed to help qualified investors reinvest 1031 exchange proceeds by transitioning from active property ownership into a passive, professionally managed real estate structure. Forum’s Real Estate Exchange strategy is designed to provide investors an alternative to direct property ownership following
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January 15, 2026 @ 07:59 AM
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