Credit

CIBC provides Whitecap’s Fund IV with capital call facility

CIBC Innovation Banking has provided a capital call facility to the fourth early-stage technology fund of Canadian venture capital firm Whitecap Venture Partners. Terms weren’t disclosed for the facility, which allows Whitecap IV to make investments in portfolio companies prior to calling capital from the fund’s limited partners. Earlier this year, Toronto-based Whitecap initially closed Whitecap IV, securing most of its C$125 million target. CIBC Innovation Banking is the technology lending arm of Canadian bank CIBC.

Golub backs TA Associates and Vista's buyout of Aptean

Golub Capital has provided financing to support TA Associates and Vista Equity Partners' buyout of Aptean, a provider of enterprise software. No financial terms were disclosed. The capital will be used for growth.

Configure Partners recruits Clarida as MD

New York City-based Configure Partners, a credit-oriented middle-market adviser, has hired Doug Clarida as a managing director. Previously, Clarida was a director at ING Capital.

Comvest provides $60 mln to Beyond Finance

Comvest Credit Partners has provided a $60 million senior credit facility to Houston-based Beyond Finance, a debt resolution services provider. The capital will be used to repay debt and provide working capital. Comvest was the administrative agent and sole lender for the financing.

GoldenTree closes third distressed fund at $1.7 bln

GoldenTree Asset Management, a global credit manager, has raised $1.7 billion for its third distressed fund. GoldenTree Distressed Fund III will invest in mostly global distressed opportunities in mid-cap and large-cap companies.

H.I.G. WhiteHorse provided growth capital to Risparmio Casa

H.I.G. WhiteHorse, the credit unit of H.I.G. Capital, said April 29 that it provided growth capital to Risparmio Casa. Financial terms weren’t announced. Risparmio Casa is an Italian drugstore chain based in Pomezia, Italy.

Alantra invests 20 mln euros in Onetime

Alantra said April 25 that its private debt team invested 20 million euros ($22.2 million) in Onetime, a logistics company that provides personalized services to large corporations. The investment comes from Alantra´s Debt Fund II, which is seeking to raise

VC-backed Coconut raises C$1.75 mln from CIBC Innovation Banking

Coconut Software, a Saskatoon-based enterprise scheduling solution, has raised C$1.75 million in debt financing. The funding’s source was CIBC Innovation Banking, the technology lending arm of Canadian financial institution CIBC. Founded in 2007 by CEO Katherine Regnier, Coconut provides a cloud-based SaaS appointment scheduling and lobby management solution that helps banks and credit unions engage with clients. The company will use the deal’s proceeds to support its strategic plan and growth. Coconut is backed by Information Venture Partners, ScaleUp Ventures, StandUp Ventures and Neal Dempsey of Bay Partners, all of which participated in 2017’s C$4.2 million Series A round.

LBC backs Highview's buyout of Frontier Fire

LBC Credit Partners has provided $56.5 million in financing to support Highview Capital's acquisition of Frontier Fire Protection, a provider of fire and life safety solutions in the U.S. Mountain West and Southwest region. LBC was agent and sole lender on the financing.

Neuberger Berman wraps up third private debt fund at $1.7 bln

Neuberger Berman has closed its third private debt fund at $1.7 billion, beating its $1.5 billion target. NB Private Debut Fund III LP will invest in first lien, unitranche and second lien loans of US middle-market companies backed by private equity firms. The fund's investors including public and private pensions, insurance companies, and foundations from the U.S., Canada, Europe, Korea, Japan and South America.