Credit

HarbourVest expands private credit team with new hire

HarbourVest Partners has named Karen Simeone as a managing director for its private credit business. Previously, she was a managing director at TCW Direct Lending.

Antares supports Quad-C's buyout of NJRetina

Antares has provided $151 million in credit facilities to back Quad-C's acquisition of NJRetina. Based in New Jersey, NJRetina is a a doctor-owned group specializing in retina surgeries. UPDATE: Antares and Churchill Asset Management were both joint lead arrangers and joint bookrunners on the financing.

PE-backed Great Western Products secures $7.85 mln from Rise Line

Rise Line Business Credit LLC has provided a $7.85 million credit facility to Great Western Products, a portfolio company of Yankee Hill Capital Management. Based in Hollywood, Alabama, Great Western Products is a provider of branded and private label food and concession products to retailers and entertainment venues nationwide.

Golub supports WellBiz Brands' acquisition of Amazing Lash Studio

Golub Capital has provided a $75 million in debt financing that backs WellBiz Brands' acquisition of Amazing Lash Studio. Amazing Lash Studio is a provider of eyelash extensions.

Crayhill hires Hoefer as MD

Crayhill Capital Management, which specializes in private credit investments, has named Stefan Hoefer as a managing director. Previously, he was a senior analyst at BBT Capital.

Abacus supports LVC's refinancing of ECA Medical Instruments

Abacus Finance Group has provided credit facilities to back LongueVue Capital's refinancing of ECA Medical Instruments. No financial terms were disclosed. Goulston & Storrs PC provided legal counsel to ECA on the deal. Based in Thousand Oaks, California, ECA is a maker of precision single-procedure torque-limiting instruments and single-use surgery ready procedural kits.

Locust Point Capital wraps up inaugural private credit fund at $312 mln

Locust Point Capital has closed its debut private credit fund at $312 million, beating its initial $250 million target. The limited partners of Locust Point Private Credit Fund include pension funds, endowments, foundations, insurance companies and wealth advisers. The fund will provide subordinate debt, preferred equity and opportunistic senior mortgage loans to owner/operators in the seniors housing and care sector. Avec Capital/XT Capital Partners was the placement adviser while Morgan Lewis served as fund counsel.

Avmont secures $60 mln loan from Woodforest

Woodforest Commercial Banking, a division of Woodforest National Bank, has led a $60 million senior credit facility for Avmont LLC, an Atlanta-based asset manager specializing in purchasing whole-life insurance policies from individuals and managing pools of these assets for third-party investors. Woodforest Commercial Banking served as administrative agent and lead arranger for this transaction.

BSP expands private debt origination team with two new hires

Benefit Street Partners has added Stephen Sachman and Patrick White to its private debt origination team as managing directors. Previously, Sachman was a managing director at BlackRock while White worked at Monroe Capital where he served as managing director and co-head of technology.

Bridge Bank and Tree Line provide debt funding to back Baum Capital's recap of Goettl

Bridge Bank and Tree Line have provided debt financing to support Baum Capital Partners' recapitalization of Goettl Air Conditioning. No financial terms were disclosed; Tree Line has also provided an equity co-investment in Goettl. Goettl Air Conditioning is a provider of HVAC and plumbing maintenance, repair and replacement services.