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09.01.26 - 23:21
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KBRA Assigns Ratings to MidCap Financial Issuer Trust (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns an issuer rating of A-, a senior unsecured debt rating of A-, and a junior subordinated debt rating of BBB to MidCap Financial Issuer Trust, a wholly-owed subsidiary of MidCap FinCo Intermediate LLC ("the company" or "MidCap"), which serves as guarantor of the debt. MidCap is a commercial financial company that provides senior secured debt solutions to companies across multiple industries. The company is headquartered in Bethesda, MD. The ratings Outlook is Stable.
Key Credit Considerations
The ratings reflect MidCap's strong strategic relationship with Apollo Global Management (NYSE: APO or "Apollo"), which provides access to an experienced and expansive platform with approximately $908 billion of assets under management (“AUM”), including $723 million of AUM in credit-related products as of September 30, 2025. Apollo, Athene Holding Ltd, Apollo's insurance subsidiary, and other Apollo affiliates together own...
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06.01.26 - 12:06
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Pluto Launches an AI-Powered Lending Platform to Unlock Liquidity in Private Markets, Backed by Leading Credit Investors (Business Wire)
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The company also announced $8.6 million in seed funding from Motive Ventures, Portage, Apollo, and Hamilton Lane to build AI-powered credit infrastructure that enables financial advisors and their high-net-worth clients to borrow against private equity, venture, and alternative assets without selling.NEW YORK--(BUSINESS WIRE)--Pluto Financial Technologies, Inc. has launched the first AI-powered lending platform purpose built for private markets, backed by Motive Ventures, Portage, Apollo Global Management (NYSE: APO), Hamilton Lane (Nasdaq: HLNE), Tectonic Ventures, and Broadhaven Ventures. Pluto has raised $8.6 million in equity and secured hundreds of millions in lending capacity.
Private markets are booming, with total AUM projected to grow 1.5x in the next five years. Yet these assets largely remain locked up for years, burdened by unpredictable capital calls, scarce secondary options, and steep discounts for sellers. Additionally, borrowing against them has historically been slow, costly, and accessi...
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05.01.26 - 12:06
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QXO Announces $1.2 Billion Convertible Preferred Equity Investment Led by Apollo to Fund Future Acquisitions (Business Wire)
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GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced that funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”) and certain other investors have agreed to invest $1.2 billion in QXO through a new series of convertible perpetual preferred stock. The investment further strengthens QXO's financial flexibility in pursuing acquisition opportunities.
Under the investment agreement, the investors have committed to purchase the new convertible preferred stock to fund one or more qualifying acquisitions through July 15, 2026. This commitment will be extended up to an additional 12 months if a definitive acquisition agreement is executed before the initial commitment period expires. Any issuance of the new convertible preferred stock will close at or around the time of the closing of the qualifying acquisition(s).
The new convertible preferred stock is perpetual, will pay a preferred dividend rate of 4.75% per annum, and can be...
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31.12.25 - 18:42
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Apollo to Sell Coinstar to Alaska Buyer, Bonds Set to Be Repaid (Bloomberg)
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Coinstar LLC, the coin-exchange and cryptocurrency business owned by Apollo Global Management Inc., plans to repay bondholders next month as part of its surprise sale to a company that oversees investments for natives of Alaska's far north, according to people familiar with the matter....
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29.12.25 - 14:06
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«Es ist die Rache der Banken» - US-Finanzinstitute wieder in der Offensive (Cash)
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Nach Jahren des Rückzugs feiern die Grossbanken der Wall Street ein Comeback. Dank gelockerter Regulierung und neuer Kreditstrategien zeigen sie, wer an der Wall Street das Sagen hat... --- Zur Freude der Banker lockern die von Trumps zweiter Regierung eingesetzten Führungskräfte bei der Federal Reserve (Fed) und anderen Aufsichtsbehörden die nach der Krise eingeführten Beschränkungen – darunter vorgeschlagene Kapitalregeln und Stresstests, die von der Branche lange als fehlgeleitet und teuer kritisiert wurden, die aber viele Aussenstehende nach den von Steuerzahlern finanzierten Rettungsaktionen 2008 für notwendig hielten..
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22.12.25 - 12:06
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Walker & Dunlop Arranges $867 Million Financing Package for the Largest Single-Building, Office-to-Residential Conversion in the U.S. (Business Wire)
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BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it has arranged a $778.6 million construction loan to facilitate the office-to-residential conversion of 111 Wall Street, located along the East River waterfront in Lower Manhattan's Financial District. The closing of this financing marks the largest single-building office-to-residential conversion loan in New York City history, and the country.
The Walker & Dunlop Capital Markets Institutional Advisory Practice arranged the loan on behalf of InterVest capital partners, a global alternative investment manager. Dustin Stolly, Aaron Appel, Adam Schwartz, Keith Kurland, Jonathan Schwartz, Sean Reimer, and Sean Bastian, arranged the financing from Apollo Global Management, J.P. Morgan Chase & Co., and TYKO Capital. Walker & Dunlop also advised on the extension of an existing $88.4 million C-PACE loan from Petros that remained in the capitalization, bringing the total financing package to $867 million.
Originally built in 1968, 111 Wal...
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