Abacus Global authorizes new $20M share repurchase program
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2 hours ago
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KBRA Assigns Preliminary Ratings to RRE 6 Loan Management DAC (Reset)
LONDON, August 20, 2025--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to five classes of refinancing notes issued by RRE 6 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 6 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP ("RRAM UK" or the"collateral manager"). The CLO originally closed in March 2021. This transaction will reset the terms of the CLO, including the stated maturity, non-call period, reinvestment period, note interest rates and notional balances. Proceeds from the issuance of the new CLO notes will be used to redeem the outstanding notes in full and to purchase new assets. The CLO will have a 4.5-year reinvestment period and a 13-year legal final. The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test. The collateral in RRE 6 Loan Management DAC will mainly consist of broadly syndicated leveraged loans and bonds issued by corporate obligors diversified across sectors. The target portfolio par amount is €400.0 million with exposures to 162 obligors. The obligors in the portfolio have a K-WARF of 2451, which represents a weighted average portfolio assessment of approximately B. RRAM UK is a UK-based subsidiary of Redding Ridge Asset Management LLC, an independent asset management company established and seeded by Apollo Global Credit Management, LLC (Apollo) in 2016 to manage CLOs. The RRAM UK management arm currently manages more than €8.6 billion in assets across nineteen European CLOs. The rating on the Class A-2-R Note considers the timely payment of interest and ultimate payment of principal by the applicable stated maturity date, while the ratings on the Class B-R, C-1-R, C-2-R and D-R Notes consider the ultimate payment of interest and principal by the applicable stated maturity date. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Structured Credit: Structured Credit Global Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union. Information on a credit rating's endorsement status is available on its rating page at Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at There are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and/or Shareholder-Related Companies, as that term is defined in KBRA's Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found here. About KBRA UK Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Kroll Bond Rating Agency UK is located at 1 Connaught Place, 2nd Floor London, England. Doc ID: 1010921 View source version on Contacts Analytical Contacts Gabriele Gramazio, Senior Director (Lead Analyst)+44 20 8148 HyunKyeong Kim, Associate Director+1 Jerry Jurcisin, Director+1 Eric Hudson, Senior Managing Director, Co-Head of Global Structured Credit (Rating Committee Chair)+1 Business Development Contacts Miten Amin, Managing Director+44 20 8148 Mauricio Noé, Co-Head of Europe+44 20 8148 Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
3 hours ago
- Yahoo
4 Money Management Tips for Working Multiple Side Gigs
The gig economy started out as a way for workers to earn extra money though side hustles, but it has long since evolved well past that stage. Today, an estimated 57 million workers participate in the U.S. gig economy, according to Deloitte — and many of them hold multiple side gigs. Trending Now: Check Out: Gig workers currently represent more than one-third (36%) of the total American workforce. By 2027, these workers are expected to represent the majority of the workforce. With so many Americans working side hustles, it's more important than ever to develop money management habits designed to benefit gig workers. Here are four money management tips if you work multiple side gigs. Don't Sleep on Tax Planning Unlike traditional payroll workers, gig workers can't rely on employers to withhold their federal and state income taxes. Instead, you're responsible for keeping track of your income, expenses and tax liability. This can get complex when you hold multiple side gigs because you need to keep up with several different income sources. To succeed, you need to stay organized, plan early and keep at it every day. You'll also need to pay estimated taxes every quarter to the IRS and your state tax authority. Explore Next: Fidelity recommended setting aside a percentage of all your gig income and putting it into a dedicated tax account. This will help you avoid scrambling for cash when it's time to pay your taxes. To learn more, visit the IRS Self-Employed Individuals Tax Center. You can also read Fidelity's own tax tips for the self-employed. Take Advantage of Available Deductions Speaking of taxes: One of the best money moves you can make as a multiple gig worker is to research all the deductions available to free lancers and the self-employed. These deductions lower your tax bill and put more money in your pocket. What's more, with multiple side gigs you might be available for multiple deductions that apply to specific jobs, according to Intuit Turbo Tax. For example, as a rideshare driver you can deduct certain mileage costs. If you're also a tennis instructor, you can deduct certain equipment costs. And if one of your side gigs is landscaping, you might be able to deduct rent for spaces you use to store landscaping tools. Here are some common deductible expenses available to gig workers, according to Intuit Turbo Tax: Business mileage on your car. Dues and subscriptions related to your work. Tools and equipment. Tuition for work-related education and training costs. Certain home office costs. Spread Your Income Around One advantage of having multiple side gigs is that you get different payments from different clients and employers. This allows you to devote specific payments to specific financial purposes, whether it's paying down debt, saving for a home, building an emergency fund or buying a work vehicle. According to a UMB Financial blog post, devoting different side gig payments to different accounts has the dual benefit of helping you meet financial goals while also making it easier to keep track of your money. Consult a Financial Advisor As you take on more side gigs — and earn more money — consider hiring a financial advisor. The right professional can help you manage different accounts, create a budget specific to gig income and offer guidance on how to build a secure financial future. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 5 Cities You Need To Consider If You're Retiring in 2025 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on 4 Money Management Tips for Working Multiple Side Gigs
Yahoo
3 hours ago
- Yahoo
Wisdom, the AI-Powered Dental Revenue Cycle Management Platform, Raises $28M to Accelerate Product Innovation and Capitalize on Rapid Growth
SAN FRANCISCO, August 20, 2025--(BUSINESS WIRE)--AI in revenue cycle management has become top of mind across the healthcare industry, but when it comes to the dental market, dentists are lacking the modern tools used by their medical counterparts. That's the problem that AI-powered dental RCM platform, Wisdom, is on a mission to solve. The company announced today the successful completion of its $21M Series A capital raise led by Permanent Capital Ventures (PCV), a venture capital firm that partners with founders to build go-to-market engines for enterprise scale. Aquiline, a private investment firm specializing in financial services and technology, joined the round, alongside existing investor and Co-Founder, Juxtapose, a leading creation-oriented investment firm. Juxtapose followed their recent $7M Seed investment, reaffirming the firm's commitment to Wisdom's continued growth and innovation. This funding brings Wisdom's total capital raised to $28M since its founding in 2023. The overwhelming majority of independent practices and small dental groups in America struggle with the administrative burden of running a profitable business, leaving over $20 billion of earned revenue uncollected despite spending billions of dollars on salaries for in-house revenue management. Wisdom, which has already collected hundreds of millions of dollars for its clients and saved them up to 50% of collection costs, takes a highly differentiated approach to administrative workflows by bringing AI agents and human experts together to maximize revenue collections, predictability, transparency and patient satisfaction, thereby freeing dentists and their staff to focus on delivering outstanding patient care. Since its inception, Wisdom has rapidly expanded by combining advanced, proprietary AI-driven technology with US-based billing experts. This unique approach has propelled Wisdom to achieve exceptional client satisfaction, underscored by a consistently high Net Promoter Score of 73 and strong organic growth. Over 50% of Wisdom's signed deals still come through referrals. Wisdom was awarded Top Dental Billing Company by Healthcare Business Review earlier this year and was named a 2025 Dental Innovator Award winner by DentalIQ for its AI-assisted dental billing service. Wisdom is led by CEO Stoyan Kenderov, an accomplished technologist, product leader and executive with over 25 years of success building new products and transforming organizations into customer-obsessed teams that drive growth and profitability, most recently as COO of business payments platform Plastiq. Prior to his time at Plastiq, Stoyan held senior leadership roles at LendingClub, Intuit, Quicken, and many other international technology companies. Stoyan is joined by Wisdom Co-Founder and Chief Dental Billing Officer Ashley Bond, who previously founded and led the award-winning nationwide billing service, Bond Dental Billing. "We are thrilled to partner with PCV and Aquiline as we continue our mission to transform dental billing and revenue management," said Kenderov. "Their proactive approach and expertise in building scalable enterprises align perfectly with our vision to significantly enhance financial outcomes and operational efficiency for dental practices." PCV's investment in Wisdom reflects the firm's strategy of supporting innovative startups poised for transformational growth. "Wisdom has created an impressive track record by uniquely integrating AI technologies with deep industry expertise," said Mike Gamson, Co-Founder and Managing Partner at Permanent Capital Ventures. "We see immense potential in their ability to scale and redefine revenue management solutions in the dental sector and beyond." Aquiline has a history of building scaled revenue cycle management businesses, and this investment in Wisdom marks the firm's second investment supporting the dental industry. "While we continue to see significant innovation across dental, the market is filled with point solutions and generally lacks modern, end-to-end platforms, especially across the rev cycle process," said Dante La Ruffa, Partner at Aquiline. "We believe that Stoyan and his team are reimagining the future of dentistry, starting with the key pain points that have historically inhibited dentists from maximizing their time with patients." This funding will enable Wisdom to further enhance its technology platform, accelerate market expansion, and continue building out its exceptional team to better serve dental offices of all sizes - from private practices to multi-location dental groups across the country. "The opportunity to use technology to help dentists build and run their businesses more effectively is immense. Stoyan and his team have moved quickly but thoughtfully to build a solution which really moves the needle for dentists while preserving the value of human expertise," said Andy Stein, Partner at Juxtapose. For more information about Wisdom and its innovative dental billing solutions, please visit About Juxtapose Juxtapose is a creation-oriented investment firm building and funding industry-defining technology companies. Juxtapose's concept development and investment process is focused on multi-decade opportunities in complex industries that leverage the team's expertise in software and technology, human-centered design, commercial strategy, executive talent assessment, and private capital markets. Juxtapose has built and led the financing of companies across software, healthcare, and tech-enabled services that have raised over $1B of external, follow-on private capital. Founded in 2016, Juxtapose now has over $1B AUM. About Permanent Capital Ventures Permanent Capital Ventures is an expansion stage venture capital firm that partners with extraordinary founders building AI application businesses. We lean in with unique go-to-market expertise in the moments after product-market fit has been established to help unlock the path to enterprise scale. About Aquiline Aquiline Capital Partners LP ("Aquiline") is a private investment firm based in New York, London, and Philadelphia, that is dedicated to financial services and technology. As of June 30, 2025, Aquiline has approximately $13 billion of assets under management across the firm's three strategies in private equity, venture, and credit. Additional information is available on the firm's website: Aquiline Capital Partners LP ("Aquiline") is a private investment firm based in New York, London, and Philadelphia, that is dedicated to financial services and technology. As of June 30, 2025, Aquiline has approximately $13 billion of assets under management and has deployed approximately $7.4 billion of capital across the firm's three strategies in private equity, venture, and credit. View source version on Contacts Aquiline media contact:Charlie Cumiskey, Apella Advisors+44 (0)7958 964446, aquiline@ Wisdom Media contact:Brian Becker, Wisdombrian@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
