Direct Lending Fund Manager Finances Tilting Point’s Second UAF

Metropolitan Partners Group Management, LLC (“Metropolitan”), a direct lending fund manager that provides senior-secured, transitional capital to small and mid-sized businesses in the U.S., closed an investment to finance the expansion of gaming marketing and publishing company Tilting Point’s User Acquisition Fund. This represents Metropolitan’s second investment in Tilting Point after providing initial financing for its User Acquisition Fund in July 2018 and providing the company with growth capital to continue building on its powerful AI-driven...

Lending solutions firm ezbob bids for Part of BCR’s £100m Pool E

ezbob, an established technology provider that powers the digital SME lending arm of several UK banks has today announced that it has submitted its proposal for part of the BCR’s (Banking Competition Remedies) £100m Pool E. Tomer Guriel, Founder and CEO at ezbob, said: “We are delighted to submit a bid for the BCR Pool E funds which will allow us to provide our technology not only to banks but also to smaller financial institutions...

Tamarack Spins-off Salesforce.com Product Division to Northteq

Spin-off splits company into two entities and positions each for growth within their area of expertise   MINNEAPOLIS, July 1, 2020 /PRNewswire/ — Tamarack Consulting, Inc, a leader in providing independent software solutions in the equipment finance and commercial lending industry, has announced the spin-off of its Origination Systems/Salesforce.com products division to Northteq, Inc. As a result of the spin-off the two companies will operate as independent entities. Tamarack will continue to focus on Portfolio Management...

Stearns EVP Nick Pabarcus Elected to California Mortgage Bankers Association’s Board

The California Mortgage Bankers Association (CMBA) appointed Nick Pabarcus, Executive Vice President of Wholesale Lending with Stearns Lending, to its Board of Directors for 2020-2021. Pabarcus was installed during the CMBA’s virtual Annual Membership Meeting held using video conferencing technology on June 10, 2020. In his role as CMBA board member, Pabarcus will support the Association’s mission to promote sound, honest business practices in all facets of marketing, originations, lending, and servicing of residential and...

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