Mezz Cap, Short Hills, N.J., a commercial real estate finance company, has received a $25 million infusion of capital from investors led by Conning Capital Partners, Hartford, Conn.Other investors providing the new capital include Hamilton Investment Partners, SS&C Technologies, Richard C. Trepp, and an affiliate of Loeb Partners Corp., according to Conning Capital. Mezz Cap provides mezzanine financing to its strategic lending partners, which allows the lenders to provide borrowers with additional leverage. In connection with this funding, Steven F. Piaker, a Conning Capital partner, and Richard C. Trepp have joined the Mezz Cap board of directors, Conning Capital said. "We believe Mezz Cap is the most innovative and well-positioned U.S.-based specialty finance company today," Mr. Piaker said.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
6h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
8h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
8h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
10h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
10h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18