Lincoln Financial and Bain Capital closed their previously announced long-term strategic partnership agreement. The partnership was first announced by Lincoln and Bain Capital on April 9, 2025, and includes an $825 million strategic growth investment from Bain Capital, which acquired a 9.9% common equity stake on a post-issuance basis in Lincoln, and the establishment of a 10-year, non-exclusive strategic investment management relationship.Under the final terms, Lincoln issued 18,759,497 new
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New research from Principal finds the Principal Financial Well-Being Index at 6.02 out of 10, down sharply from 7.8 in November 2024, and the lowest level recorded since November 2020. The Index is scored on a 0 to 10 scale, where 0 reflects no confidence in business health and outlook, and 10 reflects complete confidence. Though the drop in optimism mimics the sentiment of businesses during the COVID pandemic, unique macroeconomic concerns of today and lessons learned during the pandemic
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Solar Mosaic (Mosaic), a fintech platform for U.S. residential solar and energy-efficient home improvements, announced the Company filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Through the Chapter 11 process, Mosaic intends to complete a restructuring and recapitalization supported by certain of the Company’s existing lenders, including Forbright Bank acting as Administrative Agent on
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June 09, 2025 @ 08:00 AM
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Onyx Renewables (Onyx), a leading provider and owner of localized clean energy solutions, closed a $260 million credit facility to support the growth of Onyx's portfolio of distributed energy projects across the U.S.The senior secured facility, which may be increased to $350 million, is comprised of a term loan, revolving line of credit, and a $10-million Letter of Credit facility that will directly support the ongoing construction and operation of Onyx's clean energy infrastructure projects
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Alvarez & Marsal (A&M) announced the appointment of Dallas-based Jonathan Ross as a Managing Director within its Private Equity Performance Improvement (PEPI) group. Widely recognized for maximizing deal value in large-scale merger integration and carve out transactions, through accelerated IT transformations, Ross’ hire underscores PEPI’s strategic plan for harnessing A&M’s operational experience to the technology expertise of seasoned professionals across key regional hubs. Nick Alvarez
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Clarus Capital, a private credit firm specializing in equipment finance solutions, closed a $25 million equipment loan facility for a privately held waste transportation provider. Immediate financing proceeds supported the acquisition of new waste collection vehicles deployed to service recently awarded and existing multi-year contracts. Clarus CEO Steve O’Leary stated, “Our client plays a critical role within the infrastructure of the communities that it serves, and we appreciate the ability to
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Lightstone Capital announced that Jordan Heller has joined the copany as Director, Southeast Originations. Heller will help launch Lightstone’s satellite office in Miami, Florida and will lead the regional sourcing, structuring and originating senior bridge debt as well as mezzanine and preferred equity investments as part of Lightstone Capital's broader growth strategy.Lightstone Capital has a proven track record with over $1.5BN in recent transactions offering senior bridge loans up to $100M.
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Mayer Brown announced that Joanna Suna has joined the firm as a partner in its Banking & Finance and collateralized loan obligations (CLO) groups in the New York office. “Joanna has significant experience advising issuers, underwriters, portfolio managers, and monoline insurers on CLOs, securities repackagings and other types of complex structured products,” said Ryan Suda, partner in Mayer Brown’s Banking & Finance practice. “Her breadth and depth of experience in CLO transactions and other
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BMO Financial Group announced several executive appointments to further strengthen client service excellence through execution focus and innovation, and support its growth ambition throughout Canada and in key markets across the United States.These appointments streamline and accelerate decision-making and enable improvement in profitability, loyalty and efficiency by placing high-performing leaders in high-impact mandates."Today's announcement reflects BMO's deep strength in talent development
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Backblaze, a cloud storage innovator providing a modern alternative to traditional cloud providers, announced the successful closing of a senior secured revolving credit facility in an aggregate principal amount of up to $20.0 million, of which an aggregate amount of up to $3.0 million will be available through a letter of credit sub facility, with Citizens Bank. Backblaze enters into the agreement with a strong liquidity profile, including more than $50 million in cash and marketable securities
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Cambrian, a leader in wastewater treatment, water reuse, and energy recovery-as-a-service, announced the closing of a $150 million credit facility with ING Capital. This strategic partnership with ING, a global financial institution recognized for its commitment to sustainable finance, will support the rapid expansion of Cambrian's innovative Water-Energy Purchase Agreement (WEPA) offerings.Cambrian's WEPA platform delivers decentralized wastewater treatment, water reuse and renewable energy
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CIBC Innovation Banking provided funding to CyberQP, a leading provider of Zero Trust Helpdesk Security solutions. The support comes as CyberQP scales its operations globally and accelerates its mission to transform how IT teams secure access and streamline operational workflows.CyberQP’s platform helps organizations secure technician and end-user access, reduce cyber risk, and improve helpdesk efficiency through a unified Zero Trust approach. Founded in 2019, CyberQP is a rapidly growing
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nFusion Capital provided a $4 million factoring facility to a company in the Northeastern United States, that provides structural steel/precast concrete erection, reinforcing bars, rigging, crane services, and equipment rentals used in the construction industry. The Company had been involved in a high volume of bonded projects, making securing financing challenging. Also, the company had grown rapidly and transitioned to a larger accounting firm and office management team.During the transition
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Barings, one of the world’s leading investment managers, and Crebrid, the newly rebranded and rapidly growing real estate lending platform formerly known as Wildcat Lending, announced a new credit facility that will help accelerate Crebrid’s credit origination across the United States.Under the agreement, Barings’ investors will take a minority equity position in Crebrid as part of the transaction. Barings’ investors will also provide a flow purchase facility with $500 million in initial
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Saluda Grade, an alternative investment firm specializing in asset-based finance with a focus on residential real estate, has acquired Hillcrest Finance (“Hillcrest”), a minority- and women-owned investment firm with expertise in commercial real estate (“CRE”). The acquisition comes a year after Saluda Grade acquired a passive minority stake in Hillcrest in June 2024.“This is a natural progression of the strong relationship we’ve built with Hillcrest over the past year,” said Ryan Craft, Founder
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