News

Virgin Atlantic Completes Transatlantic Flight Using 100% Sustainable Fuel

Commercial aircraft leasing and alternative asset management Griffin Global Asset Management announced that one of its Boeing 787-9 aircraft on lease to Virgin Atlantic completed its maiden transatlantic flight powered entirely by sustainable aviation fuel. read more

BG Law Hires Poitras as Partner in Commercial Bankruptcy, Insolvency and Real Estate Practices

David Poitras joined BG Law as a partner in its commercial bankruptcy and insolvency and real estate practices. Poitras joined BG Law from Wedgewood, a network of companies specializing in real estate and real estate loans, where he served as general counsel and corporate secretary. read more

Newtek Bank Hires Merritt as Chief Operating Officer of Digital Banking Operations

NewtekOne and its bank subsidiary, Newtek Bank, hired Jennifer Merritt as chief operating officer of digital banking operations. Merritt joined Newtek Bank with more than a decade of banking experience with specific focuses on digital banking and banking product development. Most recently, Merritt was senior vice president and strategic operations lead at Live Oak Bank. read more

Yieldstreet and Garrington Capital Form Joint Venture Focused on Equipment Finance

Yieldstreet, a private markets investing platform, and Garrington Capital, a provider of capital solutions to small- and mid-sized enterprises in the U.S. and Canada, formed a new joint venture focused on opportunities in the equipment finance sector. read more

Dext Capital Closes Fourth ABS Transaction

Dext Capital closed its fourth asset-backed securitization. The $232 million trade was comprised of four investment-grade notes, including a money market tranche and a AAA class, rated by Moody’s and Kroll Bond Rating Agency. read more

Accord Financial Hires Ray as Business Development Director for US Asset-Based Finance

Accord Financial hired Ryan Ray, an asset-based lending and equipment professional, as director of business development for U.S. asset-based finance. Ray’s experience includes business development and management roles at Gordon Brothers Group and AccuVal Associates. read more

SMBC Hires Burke to Lead New Capital Solutions Group

Sumitomo Mitsui Banking Corporation hired Paul Burke to lead the firm’s newly created capital solutions group. With more than 20 years of industry experience, Burke joined SMBC from Morgan Stanley where he spent more than 12 years working in both New York and London. read more

Fleet Advantage Supports Pair of Children’s Charities in South Florida

Fleet Advantage announced a series of donations and volunteer efforts through its Kids Around the Corner Foundation to support 4KIDS of South Florida and Junior Achievement of South Florida. read more

GA Telesis Opens New Leasing, Investment, Finance and Trading Office in Ireland

GA Telesis, a provider of services for the commercial aviation industry, continued its expansion in Europe with the establishment of a new leasing, investment, finance and trading (LIFT) office in Dublin, Ireland. read more

Biz2X Partners with Mastercard to Help Increase Capital Access for Small Businesses

Biz2X formed a partnership with Mastercard that aims to help improve access to capital for small businesses in the U.S. Lenders using the Biz2X platform will now be able to utilize Mastercard’s Small Business Credit Analytics solution for consenting small businesses. read more

Griffin Global Asset Management Closes $400MM Senior Unsecured Notes Offering

Commercial aircraft leasing and alternative asset management company Griffin Global Asset Management announced the closing by GGAM Finance Ltd. of an offering of an aggregate principal amount of $400 million of senior unsecured notes. read more

KBRA Assigns Preliminary Ratings to Auxilior Capital Partners’ First Equipment ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to seven classes of notes issued by Auxilior Term Funding 2023-1, LLC (Auxilior 2023-1), Auxilior Capital Partners’ first equipment ABS transaction. read more

Northteq Receives Stock Purchase Investment from Arthur Ventures

Northteq, a provider of Salesforce loan origination solutions and equipment finance software, received a stock purchase investment from Arthur Ventures, a Minnesota-based venture capital firm specializing in B2B software companies. read more

Irontrax to Sell Assets Resulting from Yellow Freight’s Bankruptcy

Irontrax, an appraisal and asset disposition company, will participate in the sale of assets resulting from the bankruptcy of trucking company Yellow Freight. read more

Hogan Lovells Expands Energy Transition Capabilities with Addition of Bonsignore

Michael Bonsignore joined Hogan Lovells’ corporate and finance practice group in Washington, D.C., as a partner in the firm’s infrastructure, energy, resources and projects (IERP) practice area. He joined from Clifford Chance. read more

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