Fifth Third Bancorp and Eldridge announced a strategic partnership to offer private credit arrangements to Commercial Bank clients. This program is built to enhance the ability for both parties to meet emerging and evolving needs and provide reliable private credit solutions to clients.“This marks a significant moment in providing a private credit solution for our clients,” said Kevin Khanna, head of Commercial Banking. “By uniting complementary strengths and deepening our relationship, we are
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KKR announced the completion of a $6.5 billion fundraise focused on committing capital globally to privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets. The fundraise includes $5.6 billion in KKR Asset-Based Finance Partners II (“ABFP II” or the “Fund”) and nearly $1 billion from separately managed accounts focused on the same type of investment opportunities."The $6 trillion Asset-Based Finance (ABF) market, projected to
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Trinity Capital announced the commitment of $20 million in growth capital to b.well Connected Health ("b.well"). b.well offers a FHIR-based digital health platform for healthcare organizations, providing true interoperability and personalization at scale. b.well unifies data, solutions, and services in one place - empowering providers, payers, retail pharmacies, life sciences and pharma, and healthcare technology companies to deliver frictionless, personalized healthcare experiences. The AI
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The U.S. economy showed notable resilience in the second quarter in the face of significant uncertainty, according to the national Citizens Business Conditions Index™ (CBCI). The second quarter index reading of 50.2 indicates that business conditions remained modestly positive during the period.Despite the challenges of trade and geopolitical upheaval, corporate revenue trends were generally healthy in the second quarter. Citizens’ proprietary data showed continued revenue growth across most
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Transcat, a leader in test measurement, control and calibration, announced the successful closing of a new 5-year $150 million secured credit facility with a syndicate led by Manufacturers and Traders Trust Company (“M&T”) and includes additional lenders Wells Fargo Bank and Bank of America, replacing the existing $80 million credit facility with M&T which has been terminated. M&T and Wells Fargo are joint lead arrangers and joint bookrunners. The new credit facility includes a $150 million
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Tacora Capital Management announced that the firm has raised $685 million for Tacora Capital Management Fund II. Building on the momentum of Fund I, Fund II will continue to execute Tacora’s unique asset-based private credit strategy providing bespoke, founder-friendly financing solutions to high-growth, tech-enabled companies, including those classified as FinTech, InsurTech, PropTech, and LegalTech.Tacora initially set a target of $500 million for Fund II, and due to strong investor response
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Winston & Strawn announced the appointment of Greg Gartland and Jon Levine as Co-Chairs of the newly named Financial Restructuring Practice. This leadership transition marks an exciting new chapter as the firm continues to expand its capabilities in distressed finance, cross-border insolvency, and complex restructuring matters.Greg and Jon are widely recognized as leading advisors in the restructuring space, with deep experience across in-and-out-of-court restructurings, distressed credit
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Grant Thornton and Auxis, a leader and pioneer in Latin American outsourcing and business modernization services, announced that they will join forces.By acquiring Auxis, Grant Thornton will enhance its advisory services entity: US-based Grant Thornton Advisors LLC — which provides a range of services centered on strategy, transformation and operations. These include offerings across M&A, technology, finance, operations, sales and marketing, data, AI, cybersecurity and risk. Grant Thornton
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Haynes Boone welcomed Litigation Partners Gabriel Berg and Lauren Coppola to the firm’s New York office. Their arrival marks the 10th and 11th partners to join Haynes Boone in New York since the start of 2025.Berg and Coppola bring significant trial experience and a collaborative approach to resolving high-stakes disputes across industries including telecommunications, financial services, technology, healthcare and consumer products. Known for their creative strategies and business-focused
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Ares Management Corporation announced that a fund managed by the Ares Infrastructure Opportunities strategy (the “Ares fund”) and Savion Equity, LLC, a subsidiary of Shell plc, have established Tango Holdings, LLC (“Tango”), a joint venture that will support solar energy development and management in the United States.Founded in 2019, Savion develops large-scale solar and energy storage projects across 28 states. Tango will manage 496 megawatts of Savion-developed solar projects in Ohio
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Oxford Finance announced the appointment of Nick McDearis to lead Asset-Based Lending (ABL) Originations. This strategic hire marks a significant milestone as Oxford enters the traditional ABL market.Nick McDearis brings nearly 20 years of experience in the ABL industry and a proven track record of success in originating and structuring complex financing solutions. His expertise and leadership will be instrumental in driving Oxford’s growth and diversification strategy. Prior to Oxford, McDearis
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Rosenthal Capital Group (RCG) completed a $6 million asset-based loan facility for a family-owned and operated frozen specialty seafood company based in Florida. Founded nearly 90 years ago and still family-run today, the company is one of the most established processors and distributors of frozen specialty seafood products, selling directly to grocery stores, retailers, food service companies and restaurants nationwide. Knowing RCG’s expertise in the seafood industry, a regional asset-based
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Great Rock Capital announced that Jake Goldberg has joined the firm as a Managing Director of Originations. Goldberg will be responsible for expanding the firm’s private equity coverage in the New York metro area and covering deal referral sources across the New England region. Stephen Shelton, Managing Director of Originations, will continue covering ABL Lenders, Investment Bankers, and Advisors in the New York Metro area, as well as all deal referral sources in Philadelphia.“We are thrilled to
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Mitsubishi HC Capital America appointed James Anderson as Executive Vice President and General Counsel and Kristin Knox Esche as Senior Vice President and Deputy General Counsel. They bring over 45 years of combined experience across business, finance, corporate law, regulatory compliance, and mergers and acquisitions. James Anderson brings over 25 years of experience advising C-suite executives and leading business-driven legal strategies. With deep expertise in corporate law, mergers and
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50 South Capital Advisors, Northern Trust Asset Management’s global alternatives investment manager, announced the final closings of two of its flagship private equity funds, both significantly exceeding their fundraising targets. Private Equity Strategic Opportunities Fund V (“PESOF V”) closed with $1.2 billion in commitments and Private Equity Core Fund XI (“PECF XI”) closed with $893 million in commitments, with investors across wealth, family offices, intermediaries, consultants and
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