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ABL Advisor News
JPalmer Collective (JPC) provided a total of $21 million in working capital lines of credit in Q2 of this year.The receiving businesses, which are all women-owned or -founded and were extended individual credit facilities totaling $7MM per company, operate in the baby goods, women’s apparel and children’s apparel industries. JPC is focused on ensuring that over half of its portfolio consists of women-led companies as part of its mission to make financing more equitable.“At JPalmer Collective, we
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Sorbet, a leading fintech platform that helps employees access the financial value of their unused Paid Time Off (PTO), announced a $25 million debt facility from a fund managed by Pier Asset Management, a private credit investment firm supporting high-growth fintech companies. This announcement comes at a critical moment, as persistent inflation and tighter credit markets have left many Americans with fewer options to access much-needed liquidity. The new facility will allow Sorbet to meet
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Grant Thornton has named Elliot Findlay as its new chief operating officer (COO) and a member of its Executive Committee. The role was previously held by Jim Peko,?who became the firm’s CEO earlier this year. Findlay has been serving as Grant Thornton’s national managing principal of Transaction Advisory Services. He began his career in Scotland in 2000 as an associate with Grant Thornton UK, transferring to Grant Thornton in the U.S. in 2005. He has been instrumental in the success of the U.S
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Golden Pear Funding (Golden Pear), a national leader in litigation finance for both pre-settlement and medical receivables, announced the extension and upsize of their investment-grade corporate notes to $78.7 million. Since its founding in 2008, Golden Pear has funded over $1.1 billion to more than 87,000 clients. Proceeds from the transaction will be used for flexible working capital and growth initiatives.“This capital infusion is instrumental in our growth as we continue to provide financing
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After 18 months in stealth mode, Acqwired announced the launch of its Deal Sourcing Operating System. The platform helps private equity investors identify and engage with high-fit acquisition targets more efficiently. By automating time-intensive manual tasks, the system enables investment professionals to focus on building relationships and closing deals rather than managing databases and CRMs. Founded by Dan Herr, CEO, and Irfan Durmus, CTO, Acqwired addresses a critical inefficiency in
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Truist Financial Corp. announced the expansion of its commercial banking teams across Ohio and Western Pennsylvania to support the company's ability to generate new clients and deepen existing relationships in the region. With recent hires, Truist has added a dozen commercial and middle market bankers in key markets, including Cleveland, Columbus, Cincinnati and Pittsburgh."The seasoned bankers we've added to our local teams are critical to our efforts to grow our presence in the region, while
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Marelli Holdings Co. Ltd., a global technology partner to the automotive industry, has commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of Delaware in order to comprehensively restructure its long-term debt obligations. Approximately 80% of the Company's lenders have signed an agreement to support the restructuring (the "Restructuring Support Agreement"), which will deleverage Marelli's balance sheet and strengthen its liquidity position.Throughout this
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Crusoe, a vertically integrated AI infrastructure provider, secured a $750 million credit facility from Brookfield Asset Management, through its infrastructure debt platform. This significant financing will primarily be deployed to fuel the continued growth and scaling of Crusoe’s development of AI factories, including purpose-built AI data centers and Crusoe’s AI cloud platform. It further solidifies Crusoe’s position as a leader in providing energy-first AI infrastructure."The demand for AI
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Sallyport supported a forward-thinking education technology company with a $5.5 million combined Asset-Based Lending facility, including Accounts Receivable and Inventory Financing, as they scale their operations and make learning more accessible for students across North America. Referred by a trusted partner in the U.S. alternative finance industry, the client needed a flexible working capital solution to support growth into 8 additional campus locations in 2025. This infusion of capital from
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Pemberton Asset Management, one of Europe’s leading private credit managers, announced a series of senior North American appointments, alongside the establishment of a New York office. These hires mark a significant expansion of the firm’s North American presence as well as meeting increasing demand from U.S. and Canadian institutional investors seeking access to European mid-market opportunities.Pemberton’s expanded North American team will operate out of its New York office to enable deeper
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Tiger Capital Group’s lending platform, Tiger Finance, has provided $35 million in financing to The Beachbody Company, Inc., a leading fitness and nutrition company. SG Credit Partners participated with Tiger in the funding package, which included an immediate $25 million term loan, as well as a $10 million uncommitted accordion. The three-year loan facility allowed the El Segundo, California-based company to retire $17.3 million of outstanding debt, while adding approximately $5 million of
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MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, closed $28,000,000 in bridge financing for two seniors housing properties in Wisconsin. Senior Managing Director Karina Davydov originated the transaction through the firm’s bridge lending platform.“We value the trust our repeat clients place in us and are proud to support this group, reflecting our continued confidence in their vision and operational strength. This loan underscores
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Star Mountain Capital announced the promotion of Curtis Glovier to Chief Investment Officer. Glovier has been working with the Star Mountain team for over five years, most recently as Strategic Investment & Portfolio Officer.Glovier brings more than 30 years of experience to his new role. He has held C-level executive positions and worked across private credit, secondaries, private equity, investment banking, consulting, and board leadership. This broad background gives him a strong mix of
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of ATTOM Data Solutions (“ATTOM”), a portfolio company of Lovell Minnick Partners.Founded in 1996 and headquartered in Irvine, CA, ATTOM is a leading curator of land, property data, and real estate analytics. They provide property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood, and geospatial boundary data for more than 158
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Siena Lending Group closed a C$15.7 million credit facility to support the refinancing and working capital for growth of Arkon Solutions Corp. (“Arkon”).Arkon, an Alberta, Canada based company, is an innovative, integrity focused manufacturer of chemical solutions that thrives on transforming complex problems into chemical solutions.The transaction presented Siena with an opportunity to leverage the company’s primary assets – accounts receivable, inventory and equipment - to maximize liquidity
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