Trinity Capital announced a portfolio update for the first half and second quarter of 2025. Trinity Capital originated $519 million of new commitments in the second quarter of 2025, bringing new commitments for the first half of 2025 to $705 million.
Second quarter 2025 investment highlights:
Investments funded totaled approximately $365 million, which was comprised of $296 million in secured loans, $68 million in equipment financings, and $1 million in warrant and equity
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EverBank announced the continued expansion of its asset backed finance division with the addition of three experienced professionals to its lender finance team: John “JJ” Ohlrich and Shawn Bastic as directors, and Ryan Mannell as an associate.The new team members join EverBank with years of experience at another specialty finance group, where they focused on origination, underwriting, structuring and portfolio management of credit facilities for specialty finance companies. Their collective
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Provident Bank announced that Robert Orzechowski has joined the company as First Vice President, Senior Relationship Manager on the Asset-Based Lending (ABL) team. In this role, Mr. Orzechowski will be responsible for sourcing, evaluating, and developing new business opportunities while supporting existing clients across the ABL portfolio, with a focus on serving clients throughout the Mid-Atlantic region, with emphasis on southern NJ, PA, and the surrounding areas. Orzechowski brings more than
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Wells Fargo announced the appointment of Tim Ruby as division executive for the Healthcare, Higher Education, and Not-for-Profit division (HHN). Based in Chicago, Ruby reports to Phil Smith, vice chair of Specialized Industries, a business line within Commercial Banking.Ruby succeeds Bill Morgan, who retired after a distinguished 40-year career in financial services.“Tim is stepping into an important leadership role and brings decades of trust and insight that will benefit the clients and
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SSG Capital Advisors served as the investment banker to Precision Nutrition, Inc. in the sale of substantially all assets to an affiliate of Palm Ventures, LLC. The transaction closed in July 2025.Headquartered in Ontario, Canada, Precision Nutrition is the market leader in nutrition coaching certifications and software for fitness and wellness professionals throughout North America, Australia, and Europe. The Company enables health and wellness professionals to provide life-changing nutrition
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Citizens Capital Markets & Advisory announced the additions of Daniel Berenson and Frankie Beardslee to its life sciences investment banking team. Berenson joins the bank as a Managing Director while Beardslee joins as a Director. Berenson and Beardslee bring more than 30 years of combined investment banking experience to their new roles. They will be responsible for continuing to deepen the bank’s relationships with companies and investors in the biotechnology and pharmaceuticals segments. They
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Manufacturers can acquire useful assets such as CNC lathes and mills, grinding systems, bar feeders, heat treat furnaces and much more in separate online auctions closing on July 15 and July 29.Bidding is now underway in the sales conducted by Tiger Group and Liquid Asset Partners.“This high-utility equipment will be of strong interest to components manufacturers working in a wide array of sectors, including automotive, appliances, medical, electronics and EV charging systems and battery storage
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Boathouse Capital announced the closing of its platform investment in Aligned Fitness. Boathouse Capital provided debt financing and an equity co-investment in support of Eagle Merchant Partners' recapitalization of Aligned Fitness, a leading Southeast-based franchisee in the Club Pilates system. Boathouse Capital joined with Everberg Capital and Western Alliance Bank to provide a $52 million credit facility. Proceeds from the facility were used by Aligned Fitness to fund the acquisition of two
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B. Riley Securities served as exclusive financial advisor to Pool Works, LLC in connection with the Company’s successful acquisition by a Texas based private equity firm focused on investing in and growing service businesses. Pool Works is a pool construction company specializing in plaster, decking, gunite and tile blasting services. The Company collaborates with builders and contractors to create custom pools and tailored outdoor solutions for commercial and residential clients. The
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Flagstar Bank announced a significant expansion of its Specialized Industries Group, a major milestone in its long-term growth and transformation strategy. This group comprises 12 distinct industry verticals, each focused on serving the debt finance and banking needs of a specific sector.The Specialized Industries Group, led by Adam Feit, EVP and Head of Specialized Industries & Capital Markets, plays a key role in Flagstar's growth strategy and is a core part of the Commercial & Private Banking
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WSFS Bank, the primary subsidiary of WSFS Financial Corporation named Frank McGrane as Executive Vice President, Chief Credit Officer (CCO). He will report to Christine Davis, Executive Vice President, Chief Risk Officer.“Frank’s decades of experience with credit risk and lending make him a natural fit to oversee WSFS’ credit exposures,” said Davis. “He will play a critical role as WSFS continues to grow and build upon its strong foundation.”McGrane’s responsibilities as CCO include oversight
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B. Riley Financial entered into an amendment to its senior secured credit agreement with funds managed by Oaktree Capital Management, L.P.The amended Term Loan Facility provides incremental flexibility, including: a new investment basket that enables an incremental $100 million to facilitate transactions using B. Riley Financial's balance sheet; a $30 million investment basket for parent company investments upsized from $20 million; and the ability to deploy up to $25 million of cash to reduce
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Trinity Capital announced the commitment of $35 million in growth capital to INSHUR, a leader in innovative insurance solutions for the on-demand economy.Operating globally, INSHUR provides commercial insurance for on-demand mobility drivers, fleet operators, and delivery platforms across the mobility and delivery sectors. The company recently surpassed 1 million policies sold in the U.K., one of its core markets. Its platform offers a personalized suite of tech-enabled insurance products
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KULR Technology Group, a Bitcoin First Company and global leader in sustainable energy management, has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc.The agreement establishes a multi-draw loan facility initially totaling up to $20 million, which will be available to KULR upon execution of the credit facility. The Company intends to use the net proceeds to fund its strategic Bitcoin accumulation goals."This marks KULR’s first bitcoin-backed
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Genesis HealthCare, Inc., along with its subsidiaries, has taken steps to implement a financial restructuring to secure the long-term delivery of its mission. This process is designed to ensure that the Company can continue operating in a seamless manner, while also allowing the Company to address its legacy liabilities associated with previously divested operations.To facilitate the Company's restructuring efficiently and with minimal disruption to ongoing operations, the Company has filed
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