Citigroup and Apollo entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to...
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September 30, 2024, 07:10 AM
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BlackRock and Santander announced the signing of a memorandum of understanding (MoU) by which funds and accounts managed by BlackRock will invest up to US$1 billion per year in select project finance, energy finance, and infrastructure debt...
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September 30, 2024, 07:05 AM
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In the wake of U.S. bank failures in spring 2023 many banks, which represent the largest share of new business volume among lessor types, pulled back from equipment finance activity. A new report, “The Changing of the Guard: The Evolving Roles of...
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September 18, 2024, 07:15 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct...
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August 05, 2024, 07:05 AM
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Marathon Asset Management, a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, a top performing commercial bank with $76 billion in assets, announced...
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July 03, 2024, 07:10 AM
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Ares Commercial Finance (“ACF”) announced it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with...
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June 11, 2024, 07:05 AM
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U.S. Bank has launched a new division dedicated to serving private capital firms and global asset managers.The Private Capital and Global Asset Management division brings together all parts of the bank that currently serve more than 200 private...
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February 23, 2024, 07:05 AM
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