PGIM announced the final close of PGIM Senior Loan Opportunities II, L.P. (“PSLO II”), the second commingled private credit fund available to unaffiliated investors in its middle market direct lending series. PSLO II closed with over $4.2 billion in available capital commitments, making it one of the largest middle market direct lending private credit fundraises year to date,1 and reflecting strong support from a global base of institutional investors.Building on the success of its predecessor
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August 04, 2025 @ 08:15 AM
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TAB Bank added Sam Cirelli as Vice President, Business Development, to strengthen the Northeast lending team. Based in New York, Cirelli has spent over 30 years as a corporate lender and advisor to small and mid-sized companies. He managed, directed and closed more than $10 billion in loan commitments across 700 transactions in multiple industries.“I’m excited to help TAB grow its business in the Northeast region and use my expertise to develop reliable and creative financial solutions for
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August 04, 2025 @ 08:10 AM
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BriteCap Financial, a non-bank lender providing American small businesses with fast, convenient, and affordable working capital, announced today the promotion of Molly Coleman to Chief Administrative Officer & General Counsel.“Molly has been instrumental in shaping the backbone of BriteCap for nearly 15 years,” said Richard Henderson, CEO of BriteCap Financial. “This promotion not only recognizes her deep legal and compliance expertise, but also her exceptional judgment, operational discipline
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August 04, 2025 @ 08:00 AM
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Republic Bank & Trust Company introduced two new members to the corporate leadership team. Promoted from within, Christy Ames now serves as Executive Vice President (EVP), Chief Legal Officer & General Counsel, and Scott Nardi takes on the role of Senior Vice President (SVP), Chief Risk & Compliance Officer.“Christy and Scott have been invaluable team members,” Republic Bank President and CEO Logan Pichel said. “They both are incredibly deserving leaders who possess exceptional business acumen
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August 04, 2025 @ 07:51 AM
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Myriad Genetics, a leader in molecular diagnostic testing and precision medicine, closed a five-year senior secured term loan credit facility providing up to $200 million of capital from OrbiMed, a leading global healthcare investment firm. The facility includes $125 million of funded capital with an option to borrow up to an additional $75 million until June 30, 2027. This facility matures on July 31, 2030, and bears interest at a rate based upon the one-month secured overnight financing rate
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August 04, 2025 @ 07:51 AM
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Citizens Capital Markets & Advisory served as the exclusive financial advisor to LayerZero Power Systems, Inc. on its sale of a majority stake to Advent International, a global private equity investor.Established in 2001 and headquartered in Aurora, Ohio, LayerZero is a leading manufacturer of static transfer switches, power distribution units and power panels for data centers and other critical-use applications. Advent will partner with LayerZero’s founders and management team to further scale
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August 04, 2025 @ 07:41 AM
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Garnet Capital Advisors announced two successfully closed consumer loan sales totaling $35 million in UPB. The loans were sold on behalf of Huron Trustee Group, a leading consulting firm in North America, following the bankruptcy of the originator and initial servicers.This loan sale featured a unique blend of consumer loan products including home improvement, student loans, motorcycle, pilot training, RVs and more. The sale was completed in two parts: the first consisted primarily of performing
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August 04, 2025 @ 07:10 AM
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Hommocks, a leading alternative investment manager specializing in commodity trade finance, announced the successful closure of a $1.5 million receivable finance facility for a prominent Spanish cocoa powder producer and exporter. This high-yield trade finance facility supports the client’s short-term receivables on cocoa powder shipments to buyers in Northern Africa, reinforcing Hommocks’ expertise in delivering tailored financing solutions for global commodity traders.The facility finances
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August 04, 2025 @ 07:00 AM
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Hyperscale Data entered into a Securities Purchase Agreement providing for up to $100 million of financing from Ault & Company, Inc., a related party ("A&C"). Pursuant to the Agreement, Hyperscale Data has agreed to issue and sell to A&C up to $100 million in shares of Series H Convertible Preferred Stock (the "Preferred Shares"). The Preferred Shares will be senior to all other classes of preferred stock the Company has outstanding except with respect to the Series C Convertible Preferred Stock
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August 04, 2025 @ 06:00 AM
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Ares Management Corporation announced that funds managed by its Credit Group (collectively "Ares") closed approximately $8.8 billion in U.S. direct lending commitments across 70 transactions during the second quarter of 2025 and approximately $46.5 billion in direct lending commitments across 328 transactions in the 12 months ended June 30, 2025. Below is a description of selected transactions that Ares closed during the second quarter of 2025.Applied Adhesives / Bertram CapitalAres served as
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August 01, 2025 @ 08:15 AM
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TAB Bank funded growth for 218 companies in Q2 2025 with loans totaling $66 million. Companies signed with TAB Bank for working capital, cash flow management through factoring, equipment purchases and small business lines of credit. Businesses in the manufacturing, transportation, healthcare, food, fintech and toy/game industries selected TAB Bank as their financial partner. Highlights of some of the largest Q2 2025 deals include:
$8 million—A leader in global sourcing, supply chain
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August 01, 2025 @ 08:10 AM
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Wells Fargo & Company announced that the Board of Directors of Wells Fargo intends to appoint Charlie Scharf, Chief Executive Officer, Wells Fargo, as Chairman of the Board. When Mr. Scharf becomes Chairman, the Board intends to appoint a Lead Independent Director to support the Board’s continued independent oversight.In addition, the Board awarded Scharf a one-time special equity grant consisting of $30 million in Restricted Share Rights and 1,046,000 Stock Options.These actions reflect the
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August 01, 2025 @ 08:04 AM
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SSG Capital Advisors (“SSG”) served as the investment banker to Axiom Real-Time Metrics Inc. (“Axiom” or the “Company”) in the sale of substantially all assets to Sitero Canada Inc. (“Sitero”). The sale was effectuated through a Court-supervised Receivership Proceeding in the Ontario Superior Court of Justice. The transaction closed in July 2025.Founded in 2001 and headquartered in the Canadian province of Ontario, Axiom has delivered powerful, cost-effective eClinical solutions to small and
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August 01, 2025 @ 08:00 AM
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Alvarez & Marsal Tax, (A&M Tax), an affiliate of Alvarez & Marsal, appointed Michael Bertolino as its first Global Markets Leader. The newly created role reflects the firm’s commitment to scaling international capabilities, enhancing cross-border collaboration, and delivering seamless solutions to clients worldwide. Bertolino, who joins as Managing Director, will lead efforts to strengthen client engagement across global markets, aligning strategy, talent acquisition, and services to support
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August 01, 2025 @ 08:00 AM
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Portage Point Partners announced the launch of its Valuations practice and welcomes Jeremy Glass as Managing Director.Introducing a Valuations practice underscores the Portage Point mission to build a premier, integrated financial and operational advisory platform for the middle market. Accelerated growth in recent years has highlighted the rising demand for valuation services from clients and partners. Formalizing this offering at Portage Point enhances its capacity to deliver comprehensive
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August 01, 2025 @ 07:58 AM
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