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  • Green and Sustainable Finance

    As more and more companies look at integrating sustainability into their business processes and strategy, there is still much room for growth in the green and sustainable finance market. The Covid-19 crisis is only expected to increase interest in this area.

  • Danielle DiMartino Booth Interview with SFNet Convention Speaker Danielle DiMartino Booth, CEO & Chief Strategist, Quill Intelligence LLC

    A global thought leader on monetary policy, economics and finance, Danielle DiMartino Booth founded Quill Intelligence LLC and is their CEO & Chief Strategist. This is a research and analytics firm which publishes The Daily Feather and the Weekly Quill.

    To build Quill Intelligence, she brought together a core team of investing veterans to analyze trends and provide critical analysis on what is driving the markets – both in the United States and globally.

    DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered with the goal of not only guiding portfolio managers, but promoting financial literacy.

    Since its inception, commentary and data from The Daily Feather have appeared in financial media such as Bloomberg, CNBC, Fox Business, Institutional Investor, Yahoo Finance, The Wall Street Journal, MarketWatch, Seeking Alpha, TD Ameritrade, TheStreet.com, and more.

    She will be speaking during SFNet’s Live Online Annual Convention, November 17-19, 2020.

  • BrianResutek_Headshot_150x150 Mitigating Borrowers’ Cybersecurity Risk
    Financial and collateral review? Check. Appropriate lender agreements, carveouts and lien perfection? Check. Review of borrower’s cybersecurity policies and procedures? Can you repeat that? When it comes to lender due diligence and documentation, organizations are well versed with modeling, credit procedures and deal structures; however, there is a continually growing blind spot that lenders cannot afford to ignore: Cybersecurity. 
  • Santander Bank Leads Upsized $75 Million Deal with Wind Turbine & Energy Cables Corporation
    Santander Bank today announced that its Commercial Banking division closed a $75 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables Corporation (WTEC). Santander acted as administrative agent, sole lead arranger and sole bookrunner on the credit facility. WTEC is a diversified, leading manufacturer of a wide range of wire, cable and steel products and services for use in the energy sector. 
  • Diaz-Ortiz Lizzy Spotlight on SFNet's Diversity, Equity & Inclusiveness Committee

    Lizzy (pronounced LEE-see) Diaz-Ortiz is a Chicago-based attorney with over 15 years of experience leading culture change for organizations. Most recently, her efforts have focused on driving diversity and inclusion programs in which she helps organizations create a culture of belonging to drive better business results.

    She grew up as a military brat living and working all over the world and spent her formative years in Germany, quite different than the rest of her extended Puerto Rican family. Her diverse experiences as an Army dependent laid the groundwork for a three-year professional stint in Mexico City as an adult. More importantly, it provided the foundation for her desire to work in the diversity, equity, and inclusion realm and advocate for equitable outcomes.

  • Beriau-Steve SFNet Q1 ABL Index Analysis
    The SFNet Q1 2021 Asset-Based Lending Index reflects ongoing confidence from lenders, but the larger story continues to be told by low, but slightly improving, utilization.  The US economy rebound expanded significantly during the quarter with the 6.4% GDP expansion marking the second-fastest pace for growth since the second quarter of 2003 and was exceeded only by the reopening-fueled burst of Q3 in 2020. This growth had a clear impact on portfolio health with non-accruals, special mention, and write offs continuing at low levels for both banks and non-banks.
  • CIT Northbridge Credit Arranges $75 Million Credit Facility for MVP Staffing Group
    CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $75 million senior secured credit facility for MVP Staffing.
  • Siena Lending Group LLC Closes a $3 Million Credit Facility for Datamation Systems, Inc.
    Siena Lending Group LLC (“Siena”) announces the completion of a $3.0 million asset-based revolving credit facility for Datamation Systems, Inc. (“DSI”). The facility will be used to recapitalize the company and finance SNK Capital LLC and its affiliate, Wessex Capital Partners LLC’s acquisition of a controlling interest in DSI and to provide additional working capital to support the company’s growth. 
  • Commercial Finance M&A in a Pandemic: What a Difference a Year Makes

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    Hovde Group executives, Tim Stute and T.J. Humes, pictured above, provide an overview of the effects of the pandemic on M&A market conditions.

  • Architect Capital Launches With $100 Million to Provide Asset-based Financing to Technology Companies in the U.S. and Latin America
    Architect Capital, an asset-based lender to early-stage technology businesses, announced that it has launched with over $100 million to provide non-dilutive or less-dilutive financing solutions to high-growth and technology-enabled businesses. With a focus on FinTech, E-Commerce, and SaaS companies in Latin America and the United States, Architect Capital's mission is to support innovative founders across the globe by structuring and delivering unique asset-based products complementary to traditional venture capital.
  • Asset-Based Capital Conference Feb. 4-5 To Explore Lending Market Shifts, 2020 Economic Outlook

    Current headwinds affecting asset-based lending (ABL) portfolios and emerging opportunities and challenges in various industry sectors are on the agenda at the Secured Finance Network (SFNet)  Asset-Based Capital Conference 2020 Feb. 4-5 in Las Vegas.

  • Gail Bernstein Gail K. Bernstein Reflects on Her Successful Career in ABL

    Gail K. Bernstein was executive vice president, national investment manager for PNC Business Credit, located in Los Angeles, CA. Prior to September 2013, she was the marketing manager of PNC Business Credit-Western Region, a de novo office that she opened in 1998. Besides her extensive experience in ABL, her career encompasses a specialization in international lending and investment management. She has traveled extensively in Latin America and is bilingual in English and Spanish.

    After 20 years with PNC, Bernstein retired on August 30, 2019. 

  • Santander Strengthens Senior Leadership in Commercial Banking

    Santander Bank, N.A. today announced the appointments of Taryn Phelan as Commercial Banking Chief Experience Officer and Michael McDonough as Head of Trade & Working Capital Solutions. Phelan will report to Joe Abruzzo, Head of Commercial Banking, and McDonough will report to Ken Deveaux, Head of Transaction Banking.

    “Taryn and Michael are great examples of our investment in top talent to drive, develop and execute our Commercial Banking growth strategy,” said Abruzzo. “They bring a wealth of leadership, experience and energy with them to Santander, and I’m excited to have them on our dynamic team.”

  • Secured Finance Executives Discuss the Impact of Coronavirus

    Jennifer Palmer, CEO, Gerber Finance,  Paul Schuldiner, executive vice president and purchase order finance division manager, Rosenthal & Rosenthal and Ken Wengrod, co-founder/president, FTC Commercial Corp. discuss the impact of Coronavirus.

  • Blue Owl Capital Announces Agreement to Acquire Wellfleet Credit Partners from Littlejohn & Co.
    Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) announced today it has entered into a definitive purchase agreement to acquire Wellfleet Credit Partners LLC ("Wellfleet") from affiliates of Littlejohn & Co., LLC ("Littlejohn"). The transaction is expected to close in March 2022 and is subject to customary closing conditions. The purchase price consists of upfront and earnout payments, which will be primarily funded by cash. Upon closing, Wellfleet will become part of Blue Owl's Owl Rock division, reporting into Craig Packer, Co-Founder and a Senior Managing Director of Blue Owl.
  • Citizens Expands Capabilities by Adding Insurance Industry Banking Expertise
    Citizens Commercial Banking has hired two senior bankers as it increases its commitment to its financial institution and insurance industry clients. Peter Wesemeier, based in Atlanta, and Ben Los, based in Chicago, have joined Citizens as managing directors and will work with Boston-based David Bosselait as financial and strategic partners to Citizens’ existing and new financial institution and insurance industry clients. 
  • MidFirst Business Credit Announces the Addition of new Senior Vice President, Business Development Officer

    MidFirst Business Credit, Inc., is pleased to announce the addition of William “Bill” Bogatay as senior vice president, business development officer. Based out of Dallas, Texas, Bill will assist with originating senior secured debt facilities for companies throughout the Southwest, including, Texas, Oklahoma, Louisiana, Arkansas and Kansas.

  • Ares Management Corporation Closes $3.7 Billion Pathfinder Alternative Credit Fund
    Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its Ares Pathfinder Fund, L.P. (together with its parallel vehicles, “Pathfinder” or the “Fund”). With $3.7 billion in total commitments closed, the Fund was significantly oversubscribed at its hard cap and exceeded its original target of $2.0 billion.
  • Helios Technologies Upsizes Credit Facilities to $900M
    Helios’s senior secured credit agreement was provided by a syndicate led by PNC Bank. The five-year agreement amends the Company’s previous credit agreement and consists of a $400 million revolving credit facility, a $200 million term loan and, subject to new or existing lenders agreeing to participate in the increase and other customary conditions, a $300 million accordion feature. These credit facilities provide Helios with a significant increase in its borrowing capacity with an improved structure and attractive interest rate options.
  • KKR Boosts Private Credit Team as Its Asset-Based Lending Grows

    KKR & Co. expanded its global private credit team with two hires to further its reach within asset-based financing and secured lending.

    The firm tapped Giacomo Picco and Stephanie Yeh as managing directors. Picco will lead a new effort focused on so-called receivables and inventory-backed debt, while Yeh will co-lead sourcing of ABF investment opportunities in the U.S., according to a statement viewed by Bloomberg. Both will be based in New York.

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