eCapital announced a renewal and upsizing of its subsidiaries’ asset-based lending (ABL) facility. The renewed facility has a three-year term and maximum commitments increased from $987 million to $1.38 billion. The facility, agented by Wells Fargo and supported by a syndicate of leading financial institutions, further strengthens eCapital’s balance sheet and enables continued strategic expansion.This milestone reflects eCapital’s sustained momentum, following recent upsizes to $815 million in
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Hercules Capital upsized and renewed its existing $400.0 million credit facility with MUFG Bank (“MUFG”) with an upsized credit facility under which Goldman Sachs Bank USA, Autobahn Funding Company, City National Bank, Umpqua Bank, Valley National Bank, Citizens Bank, Zions Bancorporation dba California Bank & Trust and Mitsubishi HC Capital America, together with MUFG, have committed a total of $440.0 million in credit capacity subject to borrowing base, leverage and other restrictions. The
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EisnerAmper named two industry group leaders: Kayla Konovitch (Private Equity) and Kyle Mason (Legal). Their leadership will focus on go-to-market strategies and fostering service line collaboration. Kayla Konovitch – Kayla brings more than ten years of experience in the private equity (“PE”) industry and adopts a holistic approach to servicing this vertical. Kayla will oversee our strategic investment in PE, driving thought leadership and growth initiatives for clients and prospects. As a
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KeyBank has released the results of its Middle Market Sentiment Pulse Survey, which was conducted in May 2025 to gauge the current state of the middle market amid economic uncertainty. The survey polled executives of middle market businesses with annual revenues ranging from $25 million to $1 billion and found that potential tariffs are significantly influencing investment decisions, with most companies prioritizing supply chain adjustments and closely monitoring market signals before
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Octaura Holdings raised $46.5 million in an oversubscribed round of funding from both existing and new strategic financial investors. The capital will support the company’s rapid growth and ability to transform how the syndicated loan and CLO markets trade – including strategic focus on increasing market share in the loan market, facilitating the upcoming launch of the CLO trading platform, and developing critical data and analytics to provide deeper insights for market participants while
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Lafayette Square provided debt and equity capital to support Mosaic Capital Partners' investment in IE Group Holdings, a leading San Diego-based electrical contractor serving mission-critical industries, through a newly formed employee stock ownership plan (ESOP).Founded in 1985, Ickler Electric specializes in highly technical, mission-critical projects across biotechnology and life sciences, pharmaceutical, laboratory and other commercial industries. Ickler has a robust set of capabilities
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Benefit Street Partners, a credit-focused alternative asset management firm and a subsidiary of Franklin Templeton, closed on $500 million in total equity commitments for its third captive U.S. CLO equity fund, BSP CLO Equity III.This fund gives BSP the capacity to fund up to 20 U.S. CLOs over the next four years, adding up to $10 billion in assets under management to BSP’s credit platform. Combined with Alcentra, its European counterpart, BSP is one of the largest global CLO managers with over
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TPG Twin Brook served as administrative agent on debt financing to support: Shore Capital Partners’ facility upsize of Courser, an IT Managed Service Provider (“MSP”), primarily serving small and medium sized businesses with outsourced IT services including managed IT infrastructure, cloud services, remote backup, and hardware/software procurement. Tenex Capital Management-backed Columbia Home Services’ recapitalization and add-on acquisition of P1 Service Group.
Columbia Home Services is a
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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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