There are many elements to consider when assessing the “normal” level of working capital when understanding what is required to operate the business. Subprime Auto Bondholders Face Possible First Hit in Decades Any lost principal would be a rare event in the ABS market, where subprime auto bonds haven’t failed to return investors’ money since the 1990s. M&A activity in the healthcare and life sciences space reached Covid-era lows in the first quarter due to concerns about debt and credit...

Blackford Capital’s recent acquisition of PACIV was spurred by common investment themes such as potential scalability, improved margins and macroeconomic tailwinds that could accelerate growth. But, in keeping with a hot trend that’s emerged this year, the wildcard to the investment was the prospect of implementing an emergent form of artificial intelligence to streamline operations, experts and company officials said. The Grand Rapids, Mich.-based lower middle-market private equity firm...