Manulife Financial Corporation, through its more than US$900 billion Global Wealth and Asset Management ("Global WAM") segment, announced it has signed an agreement to acquire 75% of Comvest Credit Partners ("Comvest") for US$937.5 million in upfront consideration. Comvest is a rapidly growing, middle market direct lending private credit manager with US$14.7 billion on its platform. As part of the agreement, Manulife will align its US$3.7 billion Senior Credit team with Comvest, creating a
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August 07, 2025 @ 08:15 AM
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Citizens Private Bank launched Liquidity Lines of Credit, a tailored credit solution designed for private equity and venture capital partners and professionals. As the private markets continue to mature, with increasing sophistication in fund structures and personal capital planning, Citizens Private Bank is committed to delivering solutions that directly support the evolving needs of the industry.In today's dynamic liquidity landscape, access to flexible capital is crucial. Liquidity Lines of
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August 07, 2025 @ 08:12 AM
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Mark Patchell has been named Chief Commercial Officer and Head of Originations for Encina Private Credit (“Encina”), the specialty finance company that provides first-out, enterprise value loans to private equity-sponsored and non-sponsored borrowers across the middle market. Patchell will lead the nationally deployed originations team with a focus on new business originations from direct lenders, private equity sponsors and financial advisors across the US and Canada. “We are extremely excited
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August 07, 2025 @ 08:10 AM
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Crown Partners announced its role as exclusive financial advisor to Nexseer Capital, a specialty finance firm providing equipment and project financing solutions, in connection with its management-led buyout. The transaction involved the acquisition of 100% of the company’s equity by its senior leadership team, W. Scott McCullum (CEO), Jon Albin (COO), and Rob Davis (EVP).In connection with this transaction, Crown Partners facilitated the refinancing of Nexseer’s senior credit facility to
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August 07, 2025 @ 08:05 AM
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First Citizens Bank announced a major new vendor finance agreement with Anderson UnderBridge, based in York, South Carolina, a leading provider of underbridge access equipment that helps contractors, engineers and transportation departments work faster, safer and smarter on complex bridge projects.The new agreement with First Citizens’ Equipment Finance business makes it easier for Anderson UnderBridge customers to obtain financing to buy or lease underbridge access equipment – enabling safer
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August 07, 2025 @ 08:00 AM
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Evolution Credit Partners Management, an alternative credit investment manager, announced that Scott Barek has joined the firm as Managing Director. Based in the New York office, Barek will lead structured credit investments and support the firm’s continued efforts to deliver differentiated, risk-managed solutions to institutional investors.Barek joins Evolution with more than 25 years of experience in structured credit markets. Most recently, he served as Managing Director and Desk Head of US
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August 07, 2025 @ 07:47 AM
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nFusion Capital recently provided a $20 million asset-based lending facility to support a vertically integrated manufacturer of garden products' growth strategy. The Company’s products include hand trucks, trailer carts, lawn spreaders, non-powered wheeled garden products, hammocks, sport bags, and a variety of other consumer and OEM products. Founded in 1946, the Company is headquartered in California with sales offices and manufacturing plants across the United States.With limited time and an
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August 07, 2025 @ 07:15 AM
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Haynes Boone welcomed Partner Richard Weber as chair of the firm’s Financial Services Investigations and Enforcement Practice, bolstering the firm’s capabilities in white-collar defense, government enforcement and financial crimes compliance. Weber will be based in the firm’s New York office.Weber brings decades of experience in both government and private practice, including leadership roles as general counsel at the New York State Department of Financial Services (NYS DFS), chief of asset
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August 07, 2025 @ 07:00 AM
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Aperture Investors, an alternative asset manager and part of Generali Investments, announced the launch of its new Asset-Based Finance Strategy, expanding the firm’s growing private credit offering. Nick Turgeon has joined the firm to lead the strategy as Global Head of Asset-Based Finance and serve as Portfolio Manager of the fund, supported by an experienced investment team and backed by Generali Group. The strategy will launch with significant seed capital from Generali Investments, the asset
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August 06, 2025 @ 08:15 AM
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Commercial chapter 11 filings totaled 911 in July, an increase of 78 percent over the 512 filings in July 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. The overall July commercial filing total of 2,997 represented a 26 percent increase from the July 2024 commercial filing total of 2,371. Small business filings, captured as subchapter V elections within chapter 11, increased 30 percent to 206 in July 2025 from 159 the previous year. July’s
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August 06, 2025 @ 08:12 AM
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White Oak Commercial Finance, an affiliate of White Oak Global Advisors, closed and funded two new lower middle-market transactions, with a combined total of $35 million of committed capital to fund a leading transportation & logistics company and full-service global marketing agency.WOCF closed a $20 million factoring facility for a fast-growing transportation company and its subsidiaries, which provides high-performance van and trucking services across the US South, Mid Atlantic, and Midwest
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August 06, 2025 @ 08:11 AM
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Wintrust Financial announced that its Wintrust Business Credit team arranged $90 million in financing for a Midwest-based commercial printer to support its growth objectives.Wintrust Business Credit acted as the administrative agent and lead arranger for the financing, which includes a $75 million asset-based revolving line of credit, a $8 million term loan supported by machinery and equipment, and a $7 million commercial real estate mortgage. Additionally, Wintrust is providing a full suite of
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August 06, 2025 @ 08:10 AM
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Regulatory enforcement actions against financial services firms experienced an unprecedented decline in the first half of 2025, with violation volumes plummeting 37% compared to the previous six months, according to new data from Wolters Kluwer Financial & Corporate Compliance's Regulatory Violations Intelligence Index.Issued semi-annually, the Index leverages advanced analytics and comprehensive enforcement data to provide actionable insights on regulatory trends impacting U.S. commercial banks
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August 06, 2025 @ 08:07 AM
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Mitsubishi HC Capital America announced the appointment of Brian Leidlein as the company’s new Chief Financial Officer. Leidlein succeeds John Vande Moore, who is retiring and will continue to support the transition process through the end of the year. Leidlein brings extensive experience to his new role, having held a variety of finance leadership positions within the company over the past 10 years. As Chief Financial Officer, he will be responsible for overseeing the company’s financial
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August 06, 2025 @ 08:05 AM
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Monroe Capital acted as joint lead arranger on the funding of a senior credit facility to support the investment in Clear Capital by GTCR.Founded in 2001 and headquartered in Reno, NV, Clear Capital is a leading provider of valuation technology, analytics and data solutions for the mortgage and real estate industries. The company provides customers with a complete understanding of nearly every U.S. property through AI-driven analytics, data solutions, valuation services and automated appraisal
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August 06, 2025 @ 07:36 AM
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