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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Dechert announced the addition of David Marcinkus as a partner in its financial services group. Marcinkus' expertise in business development companies (BDCs) and closed-end funds not only adds strategically important and in-demand skills to the group but also further bolsters the firm's permanent capital and private credit practice. Marcinkus will be based in the firm's Washington, D.C. office."We continue to expand our best-in-class platform for asset managers operating in today's most dynamic
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January 15, 2026 @ 07:57 AM
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Obra Capital (“Obra”), an asset management firm with a specialized approach to alternative investing, announced the final close of its third Collateralized Loan Obligation (“CLO”) offering (“Obra CLO 3”) of over $450 million, to be managed by Obra CLO Management LLC. Since launching its CLO platform in 2024, Obra has issued more than $1.3 billion across three CLO transactions. The growth of Obra’s dedicated CLO investment strategy reflects the firm’s ongoing efforts to grow its diversified suite
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January 15, 2026 @ 07:15 AM
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Moritt Hock & Hamroff announced that Lauren Bernstein, Stephen Breidenbach and Alexander Litt have been elevated to Partners of the firm, effective January 1, 2026. “Congratulations to Lauren, Stephen and Alex on their well-deserved promotions,” said Michael Cardello III, Managing Partner. “We are extremely proud of these three talented professionals who have not only demonstrated a commitment to delivering exceptional service to our clients but also to the overall vision of the firm's future
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January 15, 2026 @ 07:00 AM
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In the wake of the arrest of Venezuelan President Nicolás Maduro and the potential for consequential shifts in Venezuela’s oil and gas sector, Haynes Boone has formed a Venezuela Energy and Infrastructure Taskforce, a multidisciplinary and multinational team of seasoned oil and gas, transactional, finance and dispute-resolution lawyers advising global clients on the rapidly evolving legal and commercial landscape.The Taskforce consists of attorneys in Houston, Dallas, New York, Washington DC
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January 15, 2026 @ 07:00 AM
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Saks Global Holdings LLC, a leading luxury retail company, announced a transformative financial transaction. The Company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the Company's senior secured bondholders (the "Ad Hoc Group") and approximately $240 million of incremental liquidity from the Company's asset-based lenders. This financing package will strengthen the Company's balance sheet and position it for a strong and stable
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January 14, 2026 @ 08:15 AM
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Ares Management Corporation has raised approximately $7.1 billion of capital for its Credit Secondaries strategy, inclusive of the final closing of its inaugural Ares Credit Secondaries Fund (“ACS” or the “Fund”), affiliated vehicles and anticipated leverage. With approximately $4 billion in LP equity commitments, the Fund doubled its $2 billion target and represents Ares’ largest inaugural institutional fundraise. In addition, Ares believes that ACS is the largest dedicated institutional credit
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January 14, 2026 @ 08:12 AM
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MONTICELLOAM, a specialized seniors housing and multifamily bridge lending platform, along with firm affiliates, provided $107,000,000 in combined bridge and working capital financing to a four-facility skilled nursing portfolio in Florida. The transaction includes a $100,000,000 bridge loan and a $7,000,000 working capital line of credit. The loan proceeds will be used by the borrower, a returning MONTICELLOAM client, to pay off the existing debt on the four skilled nursing facilities comprised
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January 14, 2026 @ 08:10 AM
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Middle market private companies in the Golub Capital Altman Index grew earnings by 3% year-over-year in the fourth quarter of 2025. Revenue grew 2% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Middle market companies demonstrated steady revenue and profit growth in the fourth quarter of 2025. Our data suggests that U.S. economic growth has a broader foundation than AI-related capital expenditures. We believe our data from the months of October and November offer
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January 14, 2026 @ 08:10 AM
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JPalmer Collective (JPC), closed a $6.5M line of credit to Om Mushrooms, a pioneer in functional mushrooms. “Functional mushrooms have become one of the most exciting growth areas in natural wellness, and Om has been ahead of that curve for more than a decade,” said Jennifer Palmer, founder and CEO of JPalmer Collective. “Our flexible credit solution is designed to support Oms next stage of growth and help the team meet rising demand with confidence.” Om Mushrooms was founded by health expert
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January 14, 2026 @ 08:00 AM
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