Of Interest

Horizon Technology Finance Provides $40MM Venture Loan to Elligo Health Research

Horizon Technology Finance provided a $40 million venture loan facility to Elligo Health Research, of which $25 million was initially funded. read more

CIBC Innovation Banking Provides $3.5MM in Debt Financing to Nanoprecise

CIBC Innovation Banking provided a $3.5 million debt financing facility to Edmonton, AB-based Nanoprecise, which plans to use the funds for working capital purposes. read more

Wells Fargo Sells $2B of Private Equity Investments in Norwest Funds

Wells Fargo sold approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest Mezzanine Partners funds to a group of investors, including AlpInvest Partners, Atalaya Capital Management, Lexington Partners and Pantheon. read more

Encina Lender Finance Provides $50MM Credit Facility to Bright Money

Encina Lender Finance closed a $50 million senior secured credit facility for Bright Money, a fintech platform that helps consumers manage their debt. read more

Financial Service Leaders Believe Sector is ‘Digitally Fit’ But Anxious About AI

While most financial service leaders are confident about the digital fitness of their businesses, 26% have “tech anxiety” about AI and machine learning, according to Kin + Carta. read more

Hybrid Work Report: Employers Missing the Mark on In-Office Employee Experience

Owl Labs released its seventh annual State of Hybrid Work Report, which uncovered the latest trends and perspectives around remote and hybrid work. read more

Wells Fargo, Centerbridge Partners Enter Strategic Direct Lending Relationship

Centerbridge Partners and Wells Fargo are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies. read more

Cautious Optimism Expressed in SFNet Survey

Confidence in the asset-based lending market in the second quarter was driven by hopes of a soft landing for the U.S. economy, according to data released by the Secured Finance Network. read more

ACT Research: Inflection Point in Freight Market Balance

The latest release of ACT Research’s “For-Hire Trucking Index” suggests an approaching turning point in the freight cycle, but perhaps not as quickly as for-hire fleets would prefer. read more

Most Small Business Owners Feel Successful but Admit to Sacrificing Personal Lives

Most U.S. small business owners feel successful, driven by purpose and fulfilled by their work, but more than half are sacrificing time and relationships with loved ones for the sake of their business, according to a new U.S. Bank survey. read more

ECN Capital and Skyline Champion Form Captive Retail Finance Company

ECN Capital and Skyline Champion Corporation closed a previously announced private placement transaction. In connection with the private placement, the companies formed Champion Financing, a captive retail finance company. read more

Maritime Partners Acquires U.S. Marine Management

Maritime Partners, a provider of maritime financing solutions primarily focused on Jones Act vessels, announces that one of its managed funds acquired Norfolk, VA-based U.S. Marine Management from Maersk Line. read more

Alfa Commits to Achieve Net-Zero Emissions by 2030

Alfa, provider of Alfa Systems, has received validation for its science-based targets and reaffirmed its commitment to achieve net-zero emissions by 2030. read more

Mullen Automotive Receives EPA Certification for Commercial Class 3 Electric Vehicles

Mullen Automotive, a Southern California-based electric vehicle manufacturer, received full approval and certification from the Environmental Protection Agency for commercial Class 3 electric vehicles on Sept. 22. read more

ACT Research: Freight Markets Remain Soft Amid Private Fleet Expansion

Though significant progress has been made in rebalancing, it’s unlikely that freight industry capacity will broadly tighten until pressure from capacity growth eases, according to ACT Research. read more

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