Nov 4, 2024 · Ares Management Corporation announced that funds managed by its Credit Group closed approximately $12.3 billion in U.S. direct lending commitments across 86 transactions during the third quarter of 2024 and approximately $44.5 billion in direct lending commitments across 328 transactions in the 12 months ended September 30, 2024. The $44.5 billion of commitments over the 12-month period ...

Jan 8, 2025 · eCapital announced its acquisition of LSQ Group LLC and its subsidiaries, a recognized leader in working capital finance and payment services. This acquisition reflects eCapital’s commitment to advancing innovation and expanding its ability to provide advanced, customized funding to clients as it continues to execute its growth strategy.

Oct 24, 2024 · National Funding and its recently launched holding company FairSquare, announced a bank line of credit commitment for $83.25 million from Forbright Bank (with a total expansion capacity of up to $150 million). The Forbright Bank credit facility includes $9 million in mezzanine capital from Hudson Cove Capital Management, LLC and sets up the fintech to meet its growth targets for 2025 and beyond.

Asset based lending (ABL), asset lending, finance, banking and commercial lending news, articles, blogs, analysis, data, ABL deal charts, and tools from finance professionals in the U.S. and worldwide.

Jan 10, 2025 · CIBC US announced the promotions of Ron Kerdasha, Ramsey Naber and Susan Lanz within its Asset-based Lending (ABL) team. These promotions recognize their significant contributions and leadership abilities, reinforcing the bank’s commitment to helping clients reach ambitious possibilities.Kerdasha, who has over 35 years of ABL industry experience...

Dec 9, 2024 · Eldridge Industries is launching Eldridge, an asset management and insurance holding company with approximately $74 billion in assets under management. And Eldridge will be wholly owned by Eldridge Industries and consist of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions.Eldridge Capital Management will be focusing on four...

Dec 23, 2024 · The Container Store Group, the nation’s leading retailer of organizing solutions, custom spaces, and in-home services, announced it will implement a recapitalization transaction to bolster its financial position, fuel growth initiatives, and drive enhanced long-term profitability. To effectuate the transaction, The Container Store and certain of...

Nov 1, 2024 · Revlon Group Holdings provided additional details around the benefits of its recently upsized and enhanced credit facility. As previously announced on September 30th, Revlon Intermediate Holdings III LLC and certain of its subsidiaries entered into a five-year senior secured asset-based credit agreement with MUFG Bank, as …

Jan 16, 2025 · The Goldman Sachs Group announced several actions to better serve corporate and investor clients and grow its business in private credit, private equity and other asset classes. The firm is creating the Capital Solutions Group, which will combine and grow its comprehensive suite of financing, origination, structuring and risk management solution activities in Global Banking & Markets.

Nov 14, 2024 · Source: abladvisor.com, Date: 11/14/2024 7:00:00 AM, Article: Strategic financing transactions are complex, delicate puzzles. Each player must bring in the right piece at the right time for a transaction to move forward successfully and efficiently.Lenders, financial advisors, and investors have historically relied on traditional solutions like mezzanine financing to …