Goldman Sachs’ new private credit fund is reportedly going against an industry trend. As Reuters reported Monday (April 6), investors have requested to repurchase just under 5% of shares in the first quarter, remaining within its cap and amid an increase in redemption requests across...
OpenAI’s top leaders are reportedly at odds over the timing of a possible initial public offering. According to a report Sunday (April 5) by The Information, CEO Sam Altman has said he wants the IPO to happen as soon as the fourth quarter, even though...
Some of the country’s biggest banks are helping Elon Musk’s SpaceX go public. But as The New York Times (NYT) reported Friday (April 3), access to the company’s long-awaited initial public offering (IPO) comes with a specific demand: Banks, lawyers and other advisers must subscribe...
Private credit has expanded into one of the most influential funding channels in the financial realm. But scale is now revealing strains that were less visible during periods of steady inflows. In at least some cases, investors are clamoring for an exit, which may signal...
Sona raised $45 million in a Series B funding round to accelerate the expansion of its artificial intelligence (AI) platform for frontline businesses such as hospitality, retail, healthcare and logistics. The company currently offers core products that power scheduling, human resources (HR) and payroll. Next, it plans to...
Cybersecurity startup Tenex has raised $250 million in new funding at a valuation exceeding $1 billion. According to a Tuesday (March 31) Bloomberg report, the fundraise signaled continued investor demand for artificial intelligence (AI) tools that can defend against automated cyber threats. The Sarasota, Florida-based...
Cross River Bank parent company CRB Group raised $50 million to continue expanding its embedded finance capabilities. The company will use the new funding to scale its crypto capabilities, accelerate its artificial intelligence and global expansion strategy, and bring new products to market, it said in...
9fin raised $170 million in a Series C funding round to scale its artificial intelligence-native platform for global debt markets. The round valued the company at $1.3 billion and brought the total amount of funding raised by 9fin to $250 million, the firm said in...
Digital assets startup Valinor has raised $25 million to introduce private credit to the blockchain. That’s according to a report Monday (March 30) from Fortune, which noted that the private credit space has largely steered clear of the crypto world. “I think what these guys...