Credit

Monroe Capital expands lon to Frontenac-backed TPC Training

Monroe Capital LLC said April 23 that it expanded a loan to TPC Training, a Frontenac portfolio company. TPC is buying National Environmental Trainers Inc and Intelivert. Financial terms weren’t announced. NET provides online environmental, health, and safety training courses to customers across the U.S., primarily focused on hazardous waste training. Intelivert is a workforce safety, compliance and risk management software provider.

Cerberus racks up $5.1 bln for fund

Cerberus Capital Management LP has closed its global NPL fund at $5.1 billion. The initial target was $3.5 billion.

PNC Bank provides $45 mln to AVENUE

AVENUE Stores LLC, a retailer of women's plus-size fashion apparel, has secured a $45 million credit facility from PNC Bank. In connection with the new loan, AVENUE's owner Versa Capital Management LLC has provided new undisclosed financing to the company as well.

Maranon closes fourth CLO at $400 mln

Maranon Capital LP has closed its fourth collateralized loan obligation at $400 million. Morgan Stanley arranged the CLO, which will invest in leveraged loans to middle-market, private equity-backed companies.

Madison Realty Capital racks up $1.136 bln for fourth debt fund

New York City-based Madison Realty Capital, a real estate private equity firm, has closed its fourth debt fund at $1.136 billion. The original target was $1 billion. MRC Debt Fund IV's investors include public and corporate pension funds, foundations and endowments, family offices and wealth managers. The fund will focus on originating and acquiring commercial mortgage loans, mezzanine loans and preferred equity interests.

Hercules provides $30 mln debt financing to Dashlane

Dashlane, an online identity management company, has secured $30 million in debt financing from Hercules Capital. In addition to the funding, Seth Farbman, ex-CMO for Spotify and Gap Inc, will join Dashlane's board of directors.

GMB Mezzanine Capital collects $112.75 mln for fourth fund

Minneapolis-based GMB Mezzanine Capital, which invests in middle-market companies, raised $112.75 million for its fourth fund, according to an SEC filing. No target was listed in the document.

Wells Fargo to provide $100 mln to Pacific Avenue-backed Cameron Ashley

Wells Fargo Bank will provide a $100 million credit facility to Cameron Ashley, a distributor of exterior building products. Cameron Ashley is a portfolio company of Pacific Avenue Partners LLC.

Northleaf raises $800 mln more for global private credit program

Northleaf Capital Partners has raised an additional $800 million for its global private credit investment program, increasing managed commitments to more than $2.2 billion. The program, led by Managing Director and Head of Private Credit David Ross, includes first lien, unitranche and second lien loans to a portfolio of mid-market companies in North America and Europe.The new commitments include an initial $500 million-plus raised for a recently launched evergreen private credit fund. Northleaf Senior Private Credit, focused on building a portfolio of senior secured loans, will complement the closed-end program. Toronto-based Northleaf currently oversees more than $12 billion in private equity, private credit and infrastructure commitments.

Summit Healthcare REIT secures $96 mln from Oxford

Oxford Finance LLC has provided a $96 million term loan to Summit Healthcare REIT. The financing will be used to acquire 14 skilled nursing/assisted living facilities in Indiana containing over 1,100 beds.