New Ventures

KeyBank and Beach Point Launch Middle-Market Direct Lending Program

KeyBank and Beach Point Capital Management, a credit focused investment manager, established a new joint venture middle-market direct lending program with $1.5 billion in lending capacity for U.S. middle-market clients. read more

Wells Fargo Forms Distinct Businesses within CIB Markets Group

Wells Fargo formed six businesses within its corporate and investment bank’s (CIB) markets group, effective immediately. The leaders of each business line will report directly to Mike Riley and Dan Thomas, co-heads of markets for Wells Fargo. read more

Blue Ridge Bank Establishes Middle-Market Banking Team, Riddle to Lead

Blue Ridge Bank established a middle-market banking division, an effort that will entail the buildout of commercial banking teams in the Mid-Atlantic and Southeast regions. C. Douglass Riddle will lead the new division. read more

Equipment Broker School Releases New Training Equipping the Dream Experience

Equipment Broker School released its all new in person exclusive training called, “Equipping the Dream Experience,” which will be hosted at Everlasting Capital headquarters in New Hampshire. read more

Meriwether Group Capital Launches as New Commercial Lender in Pacific Northwest

Meriwether Group Capital launched as a new commercial lending company serving businesses who fall outside the criteria of traditional lenders. Jamie Shulman and Mike Ferguson, who both have more than 20 years of commercial banking experience, will lead the new company. read more

JDR Solutions Launches New Line of Support Services

JDR Solutions launched JDR Streamline, a support offering that leverages JDR Solutions’ resources to assist equipment finance organizations with their lease/loan accounting platforms. read more

PNC Bank Launches Minority Business Development Group, Odneal to Lead

PNC Bank launched a new minority business development group, which will focus on advancing the financial wellness of emerging minority-owned businesses. Marshalynn Odneal, national sales executive for minority business, will lead this national effort. read more

Sixth Street Forms Structured Products Business, Dryden to Lead

Sixth Street, an investment firm with more than $60 billion in assets under management, formed a dedicated structured products business. Michael Dryden, formerly of Credit Suisse, joined Sixth Street as a partner to lead the expansion. read more

CIT Launches New Golf and Turf Equipment Leasing and Financing Vertical

CIT, a division of First Citizens Bank, launched a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment. Shawn Foy will lead the new vertical. read more

CIBC Adds Junior Debt Lending and Advisory to Commercial Banking Services

CIBC formed a new junior debt lending and advisory team within its U.S. commercial banking group. Charlie Sheridan, who previously served as executive director of the financial sponsors group at J.P. Morgan, will lead the new team. read more

AGCO Finance Launches Campaign to Address Climate Change and Sustainability

AGCO Finance, a provider of financing solutions for agricultural equipment, launched its Climate Journey Campaign, which is part of the firm’s ongoing focus on sustainability, including its goal to grow regenerative solutions to 25% of its annual business. read more

Lion Electric Launches Financing Division, Blanchard to Lead

The Lion Electric Company launched LionCapital Solutions, a new division dedicated to providing customers with financing solutions for medium and heavy-duty electric vehicles. William Blanchard, formerly of BMO Capital Markets, will lead the new division. read more

MidCap Forms Equipment Finance Entity, Hires Shah, Lightfoot and Berger to Lead

MidCap Business Credit formed a new entity, MidCap Equipment Finance, and hired a team of investment professionals to begin offering equipment loans and leases. Saurin Shah, co-founder of SLR Equipment Finance (formerly known as Nations Equipment Finance), will lead the new entity. read more

Atlantic Union Bank Launches Specialty Vehicle Lending Group

Atlantic Union Bank will now offer specialty vehicle lending services, providing financing for fleets of vehicles such as motor coaches, shuttles, school buses and transit buses. The new group will operate within Atlantic Union Equipment Finance. read more

NFS Leasing Expands Offerings to Include Asset-Based Loans

NFS Leasing, a privately-held equipment finance company, is expanding its product offerings to include asset-based loans. read more

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Terry Mulreany
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