EquipmentShare completed a $290 million funding round led by funds affiliated with BDT Capital Partners. This round also included participation from existing investors, such as RedBird Capital Partners, Tru Arrow Partners and Sound Ventures. read more

APR 20, 2023 - 6:48 am

Mitsubishi UFJ Financial Group hired five senior executives and a total of at least 20 new team members to expand the capabilities of its technology, media and telecom (TMT) banking group, including multiple former Silicon Valley Bank executives. read more

APR 20, 2023 - 6:47 am

CNH Industrial announced the divestiture of its business activities in Russia for a total consideration of approximately $60 million. This follows the company’s announcement in March 2022 that it was suspending supplies to the Russian market. read more

APR 20, 2023 - 6:46 am

First Citizens Bank’s real estate finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, FL. read more

APR 20, 2023 - 6:44 am

Equipment and software investment growth cooled in the early months of 2023, with the Equipment Leasing & Finance Foundation lowering its annual forecast for investment growth to 1%, according to the Q2 update to its 2023 economic outlook. read more

APR 19, 2023 - 6:57 am

Odessa co-founders Madhu Natarajan and Jay Mehra are transitioning to chairman and vice chairman of the board, respectively, with Eric Bernstein replacing Natarajan as CEO and Roopa Jayaraman replacing Mehra as chief technology officer. Odessa also promoted Sumit Maheshwari to CFO. read more

APR 19, 2023 - 6:55 am

CSI Leasing named Brian Wahoff chief information officer and promoted Rachel Fick, Kirk Kasicki, Pete Kindig, Ed Concannon and Natalie Conway to various senior vice president, vice president and assistant vice president roles. read more

APR 19, 2023 - 6:48 am

MMP Capital funded more than $65 million for customers in Q1/23, marking a 20% year-over-year increase compared with the same period in 2022. read more

APR 19, 2023 - 6:46 am

Trio Capital, a vendor-direct equipment finance lending partner, named Mark Scardigli president. Scardigli most recently served as chief sales officer at Marlin Capital Solutions. read more

APR 19, 2023 - 6:45 am

Tamarack Technology and Sandhills Global entered a partnership that will provide Tamarack with access to Sandhills’ market value asset data, which can be analyzed by AI technology to improve portfolio performance. read more

APR 19, 2023 - 6:44 am

Maxim Commercial Capital reported year-over-year growth during Q1/23, as the private finance company closed nearly three times more truck financing transactions in Q1/23 than in Q1/22. read more

APR 19, 2023 - 6:42 am

Inovatec Systems, a provider of cloud-based software solutions for lenders, appointed Veljko Velickovic its new head of solution delivery. Velickovic was selected to lead Inovatec’s professional services and drive its growth across North America. read more

APR 19, 2023 - 6:40 am

36th Street Capital extended and upsized its senior secured revolving credit facility to $280 million, marking an increase of $110 million. The credit facility includes six lenders and is led by Capital One as agent. read more

APR 18, 2023 - 6:55 am

Wintrust Commercial Finance, a division of Wintrust Asset Finance, is celebrating eight years in business this month. WCF has originated more than $3.78 billion in new business volume for its customers since its inception in 2015. read more

APR 18, 2023 - 6:54 am

Clarus Capital completed a new $25 million loan facility for a family office backed private aviation platform. read more

APR 18, 2023 - 6:53 am