H.I.G. WhiteHorse, the direct lending credit affiliate of H.I.G. Capital, announced the final closing of H.I.G. WhiteHorse Middle Market Lending Fund IV ("Fund IV"). Fund IV closed with $5.9 billion of assets and continues the Firm's successful strategy of originating senior secured loans across the U.S. middle market.H.I.G. WhiteHorse has invested approximately $18 billion in U.S. direct lending transactions. The WhiteHorse team has invested in over 285 middle market companies, primarily
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August 14, 2025 @ 08:15 AM
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eCapital delivered a $25 million asset-based lending (ABL) facility to support the scaling and working capital needs of an established and trusted recreational goods manufacturer.With a long-standing history in the industry, the business designs and produces a wide range of branded and licensed products sold through major retailers and prominent online marketplaces. Committed to quality, innovation, and accessibility, it serves a broad customer base across the U.S. and internationally.As demand
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August 14, 2025 @ 08:09 AM
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Monroe Capital announced Todd Davis has joined the firm as Director on the direct originations team. Davis will be responsible for originating new business opportunities within the Northeast region. He will be based in the firm’s New York office.Davis has over 15 years of experience in middle market sponsor finance. Prior to Monroe, he spent over 13 years at Antares Capital LP and its predecessor, GE Capital, where he held various roles across credit and capital markets. Most recently, he served
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August 14, 2025 @ 08:05 AM
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Audax Strategic Capital, a provider of customized, mid-hold equity solutions and a core dimension of the Audax Private Equity platform, announced the final close of its inaugural fund, Audax Private Equity Solutions Fund (the “Fund”). The Fund, which closed above target, has approximately $1.3 billion of total capital to deploy when combined with related vehicles and Audax Private Equity’s GP commitment. Limited partners (“LP”) include a diverse range of domestic and global institutional
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August 14, 2025 @ 08:00 AM
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Cresco Labs announced the closing of its previously announced refinancing of the Company’s senior secured credit facility.The new US$325 million senior secured term loan bears an interest rate of 12.5% per annum and matures on August 13, 2030. It replaces the Company’s prior US$360 million facility, reducing total debt, extending the maturity to 2030, and providing enhanced flexibility to prepay up to US$125 million at a reduced premium.“This transaction is another milestone in our disciplined
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August 14, 2025 @ 07:07 AM
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B. Riley Securities served as lead left bookrunner for WhiteFiber, Inc. in its upsized initial public offering of 9.375 million ordinary shares at a price of $17.00 per share. WhiteFiber is listed on the Nasdaq Capital Market under the symbol “WYFI.” The offering closed on August 8, 2025. In connection with the offering, WhiteFiber received gross proceeds of approximately $159.4 million, before underwriting discounts, commissions, and expenses, and has granted the underwriters a 30-day option to
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August 14, 2025 @ 07:00 AM
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Moritt Hock & Hamroff announced the addition of Susan J. Coleman and Michael Kwiatkowski as Counsel in the firm’s Garden City office. Susan joins the firm's Litigation and Real Estate Practice Groups while Michael joins the Creditors' Rights, Restructuring & Bankruptcy Practice Group. Susan has a strong background in litigation, municipal law and land use, having previously served as Town Attorney for Huntington, New York. In this role, Susan represented the township in litigation before
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August 14, 2025 @ 07:00 AM
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PlainsCapital Bank welcomed Kyle Bennett to its Dallas lending team as Vice President, Commercial Loan Officer. “Kyle has a great way of connecting with clients and helping them find the right path forward,” said Joe Pitch, President of PlainsCapital Bank’s One Victory Park location. “He knows the Dallas market well and has a strong track record of helping businesses grow. We’re excited to have him on board.”Bennett has more than 10 years of experience in commercial lending, credit analysis, and
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August 14, 2025 @ 06:49 AM
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XEN, a loan management platform for commercial lenders and factors, announced a strategic partnership with Creditsafe,a global expert in credit monitoring and risk management. Through the partnership, Creditsafe’s robust credit risk data will integrate into XEN’s platform, allowing lenders to use credit risk data from over 430 million businesses worldwide to make more informed reliable credit decisions.This integration is intended to benefit lenders, who are underwriting new borrowers –
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August 14, 2025 @ 06:00 AM
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CIBC announced senior leadership appointments to its Group Executive Leadership Team that will position the bank for the future and further accelerate the execution of its client-focused strategy as Harry Culham assumes the role of President and CEO Nov. 1, 2025."Across CIBC, we are accelerating our momentum by delivering on our client-focused strategy and by fostering a purpose-led, connected culture, which starts with our leadership team and extends to every corner of our bank," said Culham.
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August 13, 2025 @ 08:17 AM
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TPG Twin Brook Capital Partners (“TPG Twin Brook”), the middle-market direct lending platform of TPG Inc., and Coller Capital, the world’s largest dedicated private market secondaries manager, closed a $3 billion credit-focused continuation vehicle, marking the largest completed transaction of its kind to date in the private credit secondaries market.The continuation vehicle was established to acquire a diversified portfolio of floating-rate, senior secured, sponsor-backed loans from TPG Twin
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August 13, 2025 @ 08:15 AM
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First Citizens Bank announced that its Capital Equipment Finance business arranged $132 million in debt refinancing for Signet Maritime Corp., a marine transportation and logistics company headquartered in Houston, Texas.Proceeds from the term loan are to repay and retire Signet Maritime’s existing first lien credit facility, to fund development capital expenditures and to pay related transaction fees and expenses. This financing transaction was solely led and arranged by First Citizens. Signet
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August 13, 2025 @ 08:10 AM
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RB Global announced leadership changes and senior management appointments, effective Sept. 1, to position the company for accelerated and consistent growth.“Since becoming CEO, I’ve been laser-focused on setting the right foundation for our growth for another 50-plus years,” said Jim Kessler, CEO of RB Global. “With this go-forward structure, our teams are set up to focus on big-picture strategy and efficiency, while also strengthening how we can deliver on our commitments to each marketplace’s
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August 13, 2025 @ 08:08 AM
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Rapid Micro Biosystems, an life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, entered into a five-year, $45 million term loan facility with Trinity Capital Inc. Proceeds from this facility will be used for general corporate purposes, which may include supporting the continued global commercial expansion of the Growth Direct system, and ongoing investments in manufacturing
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August 13, 2025 @ 08:06 AM
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Castlelake announced the formation of Merit AirFinance, an aviation lending business which will provide debt capital to airlines and leasing companies for new and used aviation assets.Merit AirFinance seeks to provide separation between Castlelake’s leasing and lending offerings as a new operating subsidiary focused on providing flexible, innovative debt solutions to airlines and leasing companies. Merit will build on Castlelake’s robust aviation lending activity, having deployed more than $5
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August 13, 2025 @ 07:59 AM
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