ABF Journal

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U.S. Bank Names Son Head of Working Capital Finance

1 day ago | abfjournal.com | Rita Garwood

MINNEAPOLIS – U.S. Bank announced Dan Son as the new head of its Working Capital Finance division. Son replaces Sam Philbrick, who is retiring after 45 years in banking, including 18 years at U.S. Bank in which he helped grow the asset-based finance business into a top national franchise. Son will be responsible for the development, coordination and delivery of working capital solutions from across the bank for clients.
Monroe Capital Leads Financing for Ares Management's Acquisition of Epika Fleet Services

1 day ago | abfjournal.com | Rita Garwood

Chicago, IL, April 24, 2025 – Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Epika Fleet Services, Inc. (“Epika”) by an Ares Management Private Equity fund. Founded in 2016 and headquartered in Nashville, TN, Epika is a national provider of mobile-focused essential maintenance and repair services to commercial fleets.
KCP Advisory Group Acquires HBM Management Associates, Expanding Turnaround Expertise

1 day ago | abfjournal.com | Rita Garwood

Boston, MA — April 23, 2025 — KCP Advisory Group, a leading turnaround consulting firm specializing in business advisory and financial restructuring, is pleased to announce that HBM Management Associates has officially joined the KCP team. This strategic move brings a group of senior professionals with deep turnaround and operational expertise into the firm, significantly enhancing KCP’s capabilities in guiding clients through complex challenges.
Gordon Brothers Acquires SIA Group Bolstering Presence in the U.K. & Europe

1 day ago | abfjournal.com | Rita Garwood

London, April 23, 2025 – Gordon Brothers, the global asset experts, has acquired SIA Group, a leading asset valuation, advisory and trading firm in the U.K.Gordon Brothers’ acquisition of SIA Group will bolster both firms’ existing capabilities in the U.K. and Europe. The combined team provides asset-focused solutions to asset-based lenders, banks, financial sponsors, restructuring and turnaround professionals, and corporate and public bodies.
Tiger Finance Deploys $95MM in Q1 Across Multiple Sectors

1 day ago | abfjournal.com | Rita Garwood

NEW YORK – April 22, 2025 — Tiger Capital Group’s lending platform, Tiger Finance, committed $95 million of capital in the first quarter to support an array of new clients’ strategic growth initiatives in sectors such as transportation, retail, wholesale and e-commerce.
Dechert LLP Advises Golub Capital Partners on Landmark $2.5B CLO Reset

1 day ago | abfjournal.com | Rita Garwood

Dechert LLP recently advised Golub Capital Partners, a market-leading direct lender and private credit manager, on a reset of Golub Capital Partners CLO 65(M)-R. The reset, the largest CLO transaction ever, is valued at US$2.494 billion and includes an equity infusion of just over US$269 million and added US$930 million in triple A notes to the stack. This more than doubles the overall capitalization of the deal to US$2.5 billion, from the US$995.5 million of the initial issue two years ago.
First Bank Plans $200M Expansion in Asset-Based and Private Equity Lending

1 day ago | abfjournal.com | Rita Garwood

First Bank reported Q1 2025 net income of $9.4 million with an ROA of 1%, despite an $815,000 write-down on a New York City OREO asset. The bank achieved strong loan growth of $92 million (12% annualized), concentrated in strategic areas including asset-based lending and private equity fund banking.
Altriarch & Revere Capital Partner to Close $30MM Senior Secured Facility

1 day ago | abfjournal.com | Rita Garwood

Charleston, S.C. — Altriarch Asset Management (“Altriarch”) is pleased to announce a $30 million senior credit facility, provided in partnership with Revere Capital Management (“Revere Capital”), to support the acquisition of a rapidly growing provider of rent-to-own financing solutions based in the Midwest (the “Company”). The facility also includes a $20 million accordion feature that would expand the total commitment amount to $50 million.
Alphastream and Intapp Partner to Enhance Private Credit Deal Execution

1 day ago | abfjournal.com | Rita Garwood

New York — Alphastream, an AI-powered private credit intelligence platform, announced its partnership with Intapp, a leading global provider of AI-powered solutions for professionals in advisory, capital markets and legal firms. Through this collaboration, Intapp will make Alphastream’s AI-driven platform available to its clients via an integration with Intapp DealCloud.
nFusion Capital Delivers $1MM Factoring Facility to Support Construction Firm's Expansion

1 day ago | abfjournal.com | Rita Garwood

AUSTIN, Texas–APRIL 23, 2025–nFusion Capital recently provided a $1 Million Factoring Facility to help the owner of an excavation, site preparation, and demolition services provider launch a related company offering civil engineering solutions. Based in Nashville, Tennessee, the construction company serves the Nashville Metro area with its own skilled workforce and state-of-the-art equipment, minimizing delays, reducing change orders, and meeting tight deadlines without compromising quality.