Steve Gelsi

Bootstrapping itself from its origins 32 years ago as a lender for venture capital-backed firms, Silicon Valley Bank now ranks as the 40th largest bank in the United States with $39 billion in assets as of Dec. 31. 

TPG Capital’s legal fight with its former spokesman, Adam Levine, may seem a bit lopsided.

Monroe Capital LLC plans to hold a first close on Monroe Private Credit Fund II LP by the end of April toward a target of $600 million, as the firm continues to bulk up its headcount, according to a source.

Blackstone Group polished off $14.5 billion for its Blackstone Real Estate Partners Fund VIII as part of a whopping $30 billion in fresh capital in a strong first-quarter fundraising effort.

Golub Capital President David Golub said the New York and Chicago-based non-bank lender for buyouts may be interested in bidding on GE Antares in a deal that could transform the landscape in the middle-market leveraged loan space.

AE Industrial Partners recently held a $200 million first close toward a $700 million target for its inaugural buyout fund, according to a source. 

General Electric Co is selling its middle-market lending firm GE Antares Capital, as part of a plan to shed about $90 billion in assets this year from its massive GE Capital business.

Autoparts Holdings, a portfolio company of Rank Group Ltd, is facing tough industry conditions stemming from improved reliability of cars and trucks, according to a debt downgrade by Moody’s Investor Service.

TIAA-CREF has moved into the senior lending business by tapping a team that formerly worked at Carlyle Group, as non-bank lenders continue to gain traction in middle-market leveraged loans.

FFL Managing Director Chris Harris said the San Francisco firm sees opportunity for consolidation in the optical space after making its second platform investment in the sector with Clarkson Eyecare.