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ABL Advisor News
Monroe Capital announced the appointment of Dimitri Stathopoulos as Head of Business Development - Americas. This strategic leadership addition underscores Monroe’s commitment to scaling its platform and achieving its growth goals.Stathopoulos brings over two decades of experience in institutional fundraising, strategic capital development, and investor relations. As Managing Director and head of capital formation, he will lead Monroe’s fundraising strategy in the Americas, overseeing capital
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MONTICELLOAM, LLC, a specialized multifamily and seniors housing bridge lending platform, announced the closing of $218,300,000 in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky. The transaction includes a $179,300,000 senior bridge loan and a $29,000,000 mezzanine loan, which the Sponsor plans to use to restructure and upsize the existing debt on the portfolio, originally financed by MONTICELLOAM in May 2024. The $10,000,000 working
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Wingspire Capital has joined the senior secured credit facility for UniVista Insurance, a leading distributor of insurance products in Florida and Texas, with a $25 million commitment.Founded as an independent family-owned insurance agency in Florida more than 15 years ago, UniVista Insurance has since grown to 22 corporate offices and more than 200 franchises.“Wingspire Capital is pleased to support UniVista’s continued growth as it meets the insurance needs of customers across the southern
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US Capital Global announced the expansion of its U.S. team with the addition of four new bankers: Partner Steve P. Wilburn and Vice Presidents Ruta J. Laukien, Justina McCaffrey, and Caroline Banzali. These seasoned professionals bring decades of expertise across investment banking, energy and infrastructure, tax strategy, private capital, and real estate, further strengthening the firm’s presence in key domestic markets and enhancing its ability to deliver bespoke financial solutions to clients
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WesBanco, a diversified, multi-state bank holding company, announced that Kevin McCormack has been named the Mid-Atlantic Market President and Senior Commercial Banker, effective immediately.In his new role, McCormack will focus on accelerating growth in the Maryland and Washington D.C. metro areas through strategic collaboration across the business to deliver customized client solutions. He will also champion WesBanco's commitment to the communities of the region, reflecting the company's
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Haynes Boone represented IKAV Energy Inc. in its $787 million transaction involving oil and gas assets in the San Juan Basin with Mach Natural Resources LP.IKAV’s San Juan Basin assets include approximately 570,000 net acres with first-quarter 2025 average production of about 60 Mboe/d, predominantly natural gas. Rather than a traditional asset sale, the deal was structured with significant equity consideration, which allows IKAV to transition from a direct asset owner into a key shareholder in
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Citizens Capital Markets & Advisory served as the exclusive financial advisor to PFL Tech, Inc., a Goldman Sachs Alternatives portfolio company, on its sale to The Vomela Companies, a portfolio company of The Riverside Company.Headquartered in Livingston, Montana, and founded in 1996, PFL provides end-to-end marketing automation software that integrates with Salesforce Marketing Cloud, Iterable, Adobe Marketo Engage, Oracle Eloqua and others, enabling enterprise clients to automate, personalize
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William Blair announced that Robert D. Kendall has been named global head of the firm’s investment management business, responsible for the strategic direction of the business including all portfolio management, client and operational activities.He succeeds Stephanie Braming, who announced her plans for retirement earlier this year. Braming will remain with the firm into the fourth quarter to enable a seamless transition.Kendall, a recognized industry leader with nearly three decades of asset
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BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, closed on a $50 million construction loan with Southern Land Company to develop Capella, a 22-story, 272 unit apartment complex in the Symphony Park District of Las Vegas. The subject property, located at the northwest corner of Promenade Place and Symphony Park Avenue will also feature a five-story, 151,900 sq. ft. parking garage and 17,626 sq. ft. of retail space.Capella’s unit mixture will consist of 55 studios
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EverBank announced the continued expansion of its asset backed finance division with the addition of three experienced professionals to its lender finance team: John “JJ” Ohlrich and Shawn Bastic as directors, and Ryan Mannell as an associate.The new team members join EverBank with years of experience at another specialty finance group, where they focused on origination, underwriting, structuring and portfolio management of credit facilities for specialty finance companies. Their collective
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Trinity Capital announced a portfolio update for the first half and second quarter of 2025. Trinity Capital originated $519 million of new commitments in the second quarter of 2025, bringing new commitments for the first half of 2025 to $705 million.
Second quarter 2025 investment highlights:
Investments funded totaled approximately $365 million, which was comprised of $296 million in secured loans, $68 million in equipment financings, and $1 million in warrant and equity
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Provident Bank announced that Robert Orzechowski has joined the company as First Vice President, Senior Relationship Manager on the Asset-Based Lending (ABL) team. In this role, Mr. Orzechowski will be responsible for sourcing, evaluating, and developing new business opportunities while supporting existing clients across the ABL portfolio, with a focus on serving clients throughout the Mid-Atlantic region, with emphasis on southern NJ, PA, and the surrounding areas. Orzechowski brings more than
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Wells Fargo announced the appointment of Tim Ruby as division executive for the Healthcare, Higher Education, and Not-for-Profit division (HHN). Based in Chicago, Ruby reports to Phil Smith, vice chair of Specialized Industries, a business line within Commercial Banking.Ruby succeeds Bill Morgan, who retired after a distinguished 40-year career in financial services.“Tim is stepping into an important leadership role and brings decades of trust and insight that will benefit the clients and
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SSG Capital Advisors served as the investment banker to Precision Nutrition, Inc. in the sale of substantially all assets to an affiliate of Palm Ventures, LLC. The transaction closed in July 2025.Headquartered in Ontario, Canada, Precision Nutrition is the market leader in nutrition coaching certifications and software for fitness and wellness professionals throughout North America, Australia, and Europe. The Company enables health and wellness professionals to provide life-changing nutrition
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Citizens Capital Markets & Advisory announced the additions of Daniel Berenson and Frankie Beardslee to its life sciences investment banking team. Berenson joins the bank as a Managing Director while Beardslee joins as a Director. Berenson and Beardslee bring more than 30 years of combined investment banking experience to their new roles. They will be responsible for continuing to deepen the bank’s relationships with companies and investors in the biotechnology and pharmaceuticals segments. They
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