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 transactions.
“MIM is a
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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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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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SSG Capital Advisors (“SSG”) served as the investment banker to Art Supply Enterprises, Inc. d/b/a MacPherson’s Art Supply in the sale of all inventory and intellectual property assets to Blick Art Materials, LLC (“Blick”). The transaction was effectuated pursuant to Article 9 of the Uniform Commercial Code and closed in May 2025.MacPherson’s is the largest provider of art and creative materials in North America. The Company offers a broad product suite sourced from hundreds of vendors worldwide
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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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