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Ethiopia: Startup of the Year Kubik Raises USD 3.34M Seed to Scale Sustainable Building Tech in First Market

Kubik, a pioneering startup specializing in the transformation of hard-to-recycle plastic waste into affordable, low-carbon building materials, announced the successful completion of the initial milestone in its seed investment round on June 23, 2023. ....

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PacWest Shares Gain as the Bank Sells off $3.5 Billion in Loans

PacWest shares gained close to 7% in early trading on Monday after announcing it would sell a $3.5 billion loan portfolio to Ares Management. ....

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PacWest sells loans to Ares as private-credit firms circle banks

PacWest sells loans to Ares as private-credit firms circle banks
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Where Is the U.S. Economy Headed? Follow the Money

Debt markets, where lenders funnel money to businesses and consumers, are showing signs of strain ....

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Ares Management Serves as Lead Arranger and Junior Agent for $3 Billion in Financing to Support the Acquisition of Merchants Fleet by Bain Capital, ADIA and the Merchants Executive Team

Ares Management Corporation announced today that funds managed by its U.S. Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in. | May 4, 2023 ....

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