The SAF Group ("SAF"), one of Canada's leading alternative capital providers, announced that Nur Khan has joined the firm as Managing Director to lead its newly launched Asset-Based Finance ("ABF") strategy.Founded in 2014, SAF specializes in bespoke private credit solutions and has committed and deployed over $4.5 billion across a diverse range of industries, including real estate, energy and financial services. The firm's expansion into ABF reflects a strategic focus on private credit
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Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Sole Lender to support the refinancing of GovSpend by Thompson Street Capital Partners. Founded in 2011, GovSpend is a provider of government intelligence solutions, including purchase orders, bids & RFPs, contacts, and contracts, to government vendors and agencies. Based in St. Louis, Thompson Street Capital Partners is a middle-market private equity firm that invests in exceptional middle-market businesses
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Post Road Equipment Finance closed a $15 million loan facility with a leading North American provider of specialized transportation services for the aviation, railway, and transit sectors. This key industry player, vital to maintaining efficient and reliable domestic supply chains, will utilize the funds to expand its fleet, ensuring continued on-time deliveries. The $15 million financing transaction supports fleet expansion to accommodate new routes from recently secured long-term contracts
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The first 100 days of the second Trump administration has undoubtedly delivered a shock to the U.S. economy, but all the policy gyrations are not sufficient to cause a recession by themselves, according to Beacon Economics' latest outlook. Still, the new forecast now includes an increased probability of recession in the next 12 months.Highlights from the latest report:
Recession risk rising: Beacon Economics sees a 30% chance of a recession in the next year, lower than the 45% average in the
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Invesco Commercial Real Estate Finance Trust (INCREF), a perpetual life real estate investment trust (REIT) focused on private credit secured by real estate, closed its inaugural $1.2 billion managed commercial real estate collateralized loan obligation (CRE CLO), INCREF 2025-FL1, on May 7, 2025."Our culture of innovation has kept us on the leading edge of commercial real estate for 40 years. This transaction further demonstrates our deep real estate capital markets expertise and commitment to
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Apollo closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II (“the Fund”) as well as separately managed accounts and related structures. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion.Accord+ II employs an opportunistic strategy focusing on high-conviction investments across the credit spectrum. The Fund is expected to
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Mayer Brown announced that Jasjit (Jas) Vidwan has joined the firm as a partner in its Intellectual Property (IP) practice in Washington DC. Jas joins from ArentFox Schiff LLP."Jas brings nearly two decades of experience and will be an exceptional addition to our IP group," said Lisa Ferri, global co-leader of Mayer Brown’s IP practice and Life Sciences group. "He is among a select group of partners that oversees all facets of clients’ IP matters. His extensive experience in patent litigation
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Mitsubishi UFJ Financial Group (MUFG) announced the appointment of John Clements as Managing Director, Head of CLO.Clements will lead the origination, structuring and syndication efforts across the broadly syndicated, middle market, private credit, and infrastructure CLO platforms. Based in New York, Clements will report to Ann Tran, Managing Director, International Head of Securitized Products.Ann Tran, Managing Director, International Head of Securitized Products, commented: "MUFG is a leader
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Runway Growth Capital originated a $40 million senior secured term loan for Autobooks, a financial technology innovator providing integrated payment, invoicing, and accounting solutions specifically tailored for small and medium sized businesses. The capital investment will support Autobooks' continued expansion, including Autobooks' recently announced acquisition of Allied Payment Network, a provider of integrated flexible payment solutions. The acquisition is a strategic move that broadens
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Beyond Meat, a leader in plant-based meat, successfully closed on a financing facility providing up to $100 million in new senior secured debt from Unprocessed Foods, LLC (“Unprocessed Foods”), an affiliate of Ahimsa Foundation, a non-profit organization focused on advocating for plant-based diets.“This facility provides us with additional liquidity as we advance our strategic priorities and invest opportunistically to help us drive our growth plans,” said Beyond Meat Founder, President, and CEO
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Redaptive, a leading Energy-as-a-Service (EaaS) provider, successfully closed a $650 million credit facility from CDPQ, a global investment group, and Nuveen, the investment manager of TIAA. This facility strengthens Redaptive's ability to scale its innovative platform, meet accelerating customer demand, and deliver measurable business value through energy efficiency, renewable generation, and data-driven building performance.Redaptive can now expand its investment in physical asset
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For the third consecutive year, TAB Bank has been named ‘Best Community Bank’ in the 2025 Utah Best of State Awards. TAB will be honored at the Best of State Gala on Tuesday, June 10, at the Salt Palace Grand Ballroom in Salt Lake City.Best of State celebrates Utah’s most outstanding individuals, businesses and organizations that demonstrate excellence in their fields, embrace innovation and contribute to the state’s quality of life. TAB Bank was recognized by Best of State judges for its
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Founded in 1993 and headquartered in Norco, California, the Company is a contract fabricator and installer of custom high-end architectural woodworking and millwork for commercial building projects in California, Nevada, and Hawaii. Commonly selling to general contractors, their end customers include hospitality and resort venues, schools and universities, country clubs, retirement communities, and other special projects. The Company’s bank made the strategic decision to reduce its exposure in
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Nassau Global Credit (NGC) announced the closings of collateralized loan obligations (CLOs) in the U.S. and Europe totaling $868 million.
NGC CLO 2 Ltd., which closed on April 17, 2025, is a $409 million CLO supported by a collateral pool consisting primarily of broadly syndicated senior secured loans.
NGC Euro CLO 5 DAC, which closed on May 2, 2025, is a €406 million CLO supported by a collateral pool consisting primarily of European broadly syndicated senior secured loans.
NGC was
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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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