MetLife Investment Management (MIM), the institutional asset management business of MetLife, originated $21.6 billion in private credit transactions in 2024. MIM’s private credit assets under management stood at $129.1 billion as of December 31, 2024.1 MIM’s origination was well diversified across the private credit platform with:
$6.8 billion in residential credit,
$6.4 billion in corporate debt,
$5.6 billion in infrastructure debt,
$2.8 billion in asset-based finance
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Amerisource Business Capital closed and funded a $3,500,000 working capital facility for a Minnesota-based manufacturer and distributor specializing in architectural extrusion systems, rolling door products, and mirrors. This facility will support the company’s rapid growth and ongoing working capital requirements. Grant Flamang, Regional Market Manager at Amerisource, commented, “We’re proud to partner with this innovative, ESOP-owned company by providing a flexible working capital solution to
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Rosenthal Capital Group (RCG) completed two recourse factoring deals in the apparel and beauty sectors totaling $2.5 million. Both deals are U.S. subsidiaries of foreign parent companies that have been funding the majority of the companies’ growth for several years. Recent growth in the U.S. markets has put stress on the two parent companies and their smaller U.S.-based teams. In both cases, there was an opportunity to pull liquidity from the U.S. business to support growth in new international
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First Citizens Bank's Healthcare Finance business provided $24.9 million to RX Health & Science Trust and Transwestern Investment Group for the recapitalization of Copper Point, a medical outpatient building located in Phoenix, Arizona.The two-story multi-tenant facility located adjacent to the Mercy Gilbert Medical Center campus offers a diversified set of medical services including oncology, primary care, physical therapy, pediatrics, dermatology, and laboratory services.“Copper Point is a
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Infillion, a leading advertising technology company recognized for its modular and data-driven media solutions, has secured a $45 million asset-based revolving credit facility from SLR Digital Finance to support its continued growth and operational initiatives. The facility provides increased liquidity and financial flexibility to support Infillion’s investment in its industry-leading suite of advertising technologies. The proceeds will be used to refinance their previous regional bank lender
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $40 million credit facility to ADC Solutions Holdings.Founded in 1986 and based in Costa Mesa, California, ADC Solutions Holdings specializes in developing and expanding brands in the automotive aftermarket, home goods, and health and wellness sectors. The company’s portfolio features 10 national brands and licensing partners that hold strong positions in their
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Barnes & Thornburg announced that Joshua P. Hollingsworth has been appointed co-chair of the firm’s Mergers and Acquisitions practice group. Hollingsworth, is based in Indianapolis and has been with the firm since 2005. He shares co-chair duties for the M&A practice alongside Kepten Carmichael.Hollingsworth has over two decades of experience serving as a trusted advisor to clients ranging from established public companies and private equity funds to innovative startups. He also serves on the
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Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is acting as Administrative Agent and is the sole lender on a senior secured credit facility for Peer Advisors, parent company of Celink, the nation’s leading reverse mortgage subservicer. The Financing supports Celink’s continued ownership by private equity sponsor Further Global Capital Management (“Further Global”).Celink provides a comprehensive set of services to reverse mortgage
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Monroe Capital, Sumitomo Mitsui Banking Corporation (SMBC) and MA Asset Management (part of MA Financial Group) announced the formation of a new joint venture (“JV”), which will invest up to US$1.7 billion in senior secured loans to U.S. middle market borrowers. The JV harnesses the complementary capabilities of the three partnering institutions to establish a differentiated platform focused on the attractive middle market subset of private credit.The JV expects to benefit from broad access to
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Clearlake Capital Group, an investment firm founded in 2006, operating integrated businesses across private equity, credit and other related strategies, announced the launch of Clearlake Credit, its specialist credit platform that will provide flexible capital solutions to dynamic businesses globally.The launch of Clearlake Credit comes as Clearlake completes its acquisition of MV Credit, a pan-European private credit specialist, from Natixis Investment Managers. This builds on Clearlake's
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Bridge Bank, a division of Western Alliance Bank, announced that its Innovation Banking Group has provided a new $20 million credit facility to industry-leading digital accessibility company AudioEye, Inc.The largest portion of the credit facility is a new $12 million term loan that replaces AudioEye’s existing term loan. The new deal also includes a $3 million revolver and a $5 million delayed draw term loan for potential “tuck-in” acquisitions.AudioEye combines AI-powered automation, custom
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General Atlantic and UBS Group AG announced a strategic partnership focused on private credit opportunities. The collaboration between UBS and General Atlantic Credit (GA Credit) aims to enhance investing clients’ and borrowers’ access to a broader set of direct lending and other credit products.The partnership formalizes and expands a history of collaboration, bringing together two leading global platforms to create a compelling private credit offering by combining UBS’s advisory and investment
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SG Credit Partners, through its Commercial Finance division, announced a senior debt investment in a vertically integrated, specialized, plastic injection molding contract manufacturing platform. The senior debt investment refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth initiatives. The client provides integrated, end-to-end manufacturing solutions primarily to medical device and industrial customers. The Company
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BizCap successfully structured and secured a comprehensive financing package for Cerebelly, a leading producer of organic, nutrient-rich baby and toddler food formulated to support brain development. The financing will empower the company to invest in inventory and strengthen working capital, accelerating its long-term growth plan.“BizCap didn’t come in with a one-size-fits-all solution. They took the time to understand what makes our business different, asked smart questions, gave honest
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United Community has strengthened its Asset-Based Lending (ABL) team with the addition of Stacy Odendahl as senior business development officer. Odendahl’s 16 years of experience sourcing new business across the Southeast and her customer-centric approach add significant depth and expertise to an already dynamic division, reinforcing United’s commitment to delivering tailored financial solutions.“Stacy’s knack for building relationships and solving complex customer challenges is exactly what
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