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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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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Moritt Hock & Hamroff announced the addition of attorneys Susan J. Coleman and Michael C. Kwiatkowski as Counsel in the firm’s Garden City office. Coleman joins Moritt Hock & Hamroff's Litigation and Real Estate practice while Kwiatkowski joins the firm’s Creditors’ Rights, Restructuring & Bankruptcy practice. Susan Coleman joins the firm with a strong background in litigation, municipal law and land use, having previously served as Town Attorney for Huntington, New York. In this role, Susan
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August 06, 2025 @ 07:10 AM
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Aurous Financial closed a $3MM facility for a manufacturer of cannabis packaging with sales to a major distributor. The client had MOQs and just-in-time replenishment orders, which can make it challenging for PO financiers to find comfort with inventory on the replenishment side. Fortunately, Aurous was able to find its comfort, given the client’s performance. The client was already factored by an AR lender with no prior PO finance partnership experience. Aurous was able to negotiate the
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August 06, 2025 @ 07:05 AM
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Commercial Finance Partners closed a $2,000,000 accounts receivable financing facility for a growing corporate security provider. The financing was structured to give the company the working capital needed to expand its customer base, take on new contracts, and refinance existing debt. This deal highlights CFP’s ability to step in with flexible financing options that support both immediate needs and long-term growth."The company is a great fit for our portfolio because of our ability to remain
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August 06, 2025 @ 07:00 AM
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Post Road Group announced the final closing of its most recent flagship fund in its Corporate investment strategy, Special Opportunity Fund III (“SOF III”), with $525 million in total capital commitments. Additionally, Post Road held the final closing for Post Road Digital Infrastructure Fund II (“PRDI II”) with $500 million of total capital commitments in early June. Post Road’s Corporate investment strategy provides flexible growth capital to predominantly lower middle market digital
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August 05, 2025 @ 08:15 AM
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Pathlight Capital is serving as the Administrative Agent on a $225 million senior secured credit facility for JGW Debt Settlement, LLC (“JG Wentworth” or the “Company”), a provider of success fee-based debt resolution services.JG Wentworth is a nationally recognized direct-to-consumer brand offering unique financial solutions that help individuals with their “CASH NOW” needs. In recent years, the Company has strategically expanded its platform to include debt resolution services, leveraging its
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August 05, 2025 @ 08:12 AM
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GoPro entered into a second lien credit agreement providing for a secured term loan in an aggregate principal amount of $50 million from Farallon Capital Management, and certain of its affiliates. The company closed the debt financing as part of a strategic initiative to bolster its balance sheet and placed approximately $94 million in escrow to repay the convertible debt maturing in November 2025."This debt financing underscores our disciplined approach to capital management and reinforces our
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August 05, 2025 @ 08:10 AM
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Utica Equipment Finance announced that Mathew Hennings has joined the firm as Managing Director of Sales. In this role, he will be responsible for sourcing and developing client and referral relationships across the United States.“Mathew is a proven leader with a strong track record of building high-performing teams and driving sustainable growth,” said Ed Stolarski, President of Utica Equipment Finance. “His strategic mindset, relationship-driven approach and deep industry experience make him a
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August 05, 2025 @ 07:50 AM
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