Deutsche Bank: Growth Capital

The Blue Chip Conference – Bulls Division

Explore the benefits of Deutsche Bank for your growth capital financing needs.

Deutsche Bank

Website: https://corporates.db.com/solutions/corporate-bank-solutions/sustainable-finance/financing

🏀 2026 SEASON (CURRENT)

Total PointsDeals LoggedVolume DraftedPrimary Asest FocusMost Common Loan TermPrimary Loan TypeTop StatesPace ScoreWinsLosses
Bank OZK985$853,100,000Condo (3), Multifamily, IndustrialConstruction loan (5)Construction (5)Florida (2), Pennsylvania, New York, California0.332TBD
European Investment Bank854$925,520,000Industrial/Biorefinery, Shore Power Infrastructure, EV Charging Infrastructure, Wind Farm15 years (1)Construction (2)Italy, Netherlands, Estonia, Spain0.27TBDTBD
Mitsubishi UFJ Financial Group (MUFG) - Commercial RE26513$3,930,177,778Solar (4), Geothermal (2), BESS/Storage (2)Construction-to-term / Non-recourse senior securedConstruction (8)Louisiana (3), Utah (2), Chile, Japan, Spain, India0.871TBD
Wells Fargo - Commercial RE57124$6,392,550,000Office (7), Industrial (5), Multifamily (5), Mixed-Use (3), Hotel/Casino, Data Centers, Energy/LNG, Retail5-year fixed-rate (3); 2-year floating-rate (2), floating-rate (2), construction loan (2)Refinance (12), Acquisition (4), Construction (4), Bridge (2), Credit Facility, CMBS RefinanceNew York (12), Texas (2), California (2), Virginia (2), Florida (2), Illinois (2)1.511
Bank of Montreal (BMO) - Commercial RE1719$1,329,000,000Industrial (5), Multifamily (2), Data Centers, Retail2-year floating-rate (2); construction loan (1), fund-level revolving (1)Acquisition (4), Refinance (3), Construction, Credit FacilityGeorgia (3), Florida (2), Virginia, New Jersey, Nevada, Texas0.561TBD
Deutsche Bank - Commercial RE24412$2,726,870,000Office (7), Multifamily (2), Energy/LNG, Hotel, Life Sciences5-year fixed-rate (2); 2-year floating-rate (1), construction financing (1), CMBS conduit (1)Refinance (8), Construction (2), CMBS RefinanceNew York (5), California (2), Ireland, Washington, Delaware, Louisiana0.751TBD
First Citizens Bank - CRE000TBDTBDTBDTBD0TBDTBD
JP Morgan - Commercial RE44522$7,051,238,096Office (6), Industrial (3), Multifamily (2), Mixed-Use (2)5-year, fixed-rate (3)Refinance (5), CMBS for Refinance (5), Construction (4), Acquisition (4), Bridge for Refinance, Senior Loan + Mezzanine, Revolving Credit FacilityNew York (6), Texas (2), California (2), Florida (2), Pennsylvania (2), Louisiana1.313TBD
Sumitomo Mitsui Banking Corporation (SMBC) - Commercial RE1474$1,004,790,000Energy Infrastructure (3: geothermal, HVDC, BESS), Data Centers, Multifamily, Renewable EnergyGreen loan (1), construction-to-term (1), floating-rate (1)Construction (5), RefinanceJapan, Canada, India, Portugal, New York, Utah0.3811
BNP Paribas684$521,481,762Industrial, Agrivoltaic/BESS, Solar PV/BESS, Retail/Mall2-year floating-rate (2)CMBS for Refinance (2), Commercial Real Estate (2)Italy, Chile, Florida, California, Georgia, Texas0.25TBDTBD
Citigroup - Commercial RE20911$2,190,404,762Industrial (3, incl. Data Centers), Office (3), Multifamily (2), Retail (2)5-year (3)CMBS for Refinance (5), Refinance (3), Acquisition (2)Florida (4), New York (3), Georgia (3), Texas (2), Virginia, Arizona0.691TBD
Morgan Stanley - Commercial RE20410$3,832,443,333Retail (3), Office (2), Industrial/Data Center (2)2-year floating-rate with extension options (3)Refinance (5), CMBS for Refinance (2), CMBS for AcquisitionNew York (3), Virginia (2), Texas (2), Multiple States, Ireland0.633TBD
Santander Bank - Commercial RE1466$1,168,871,633Solar/BESS/Energy Storage (7), Multifamily (2)Construction (4)Refi (1), Construction (8)Chile, Portugal, Peru, United Kingdom, California, Texas0.5611
Truist Bank - Commercial RE644$283,000,000Multifamily (4)N/APermanent loan, Construction (2), RefiNew Jersey, New York (2), D.C.0.511
Bank of America - Commercial RE30714$2,971,404,762Office (5), Industrial (3), Energy/Geothermal (3), Retail (2)2-year floating-rate (3)Construction (4), Refinance (3), CMBS for Refinance (3), Acquisition (2)New York (4), Florida (2), Virginia (2), Texas (2), California (2), Utah (2)0.883TBD
Goldman Sachs - Commercial RE34717$3,862,750,000Office (6), Mixed-Use (2), Hotel (2), Industrial (2), Retail (2)5-year, fixed-rate (4)CMBS for Refinance (6), Refinance (5), Construction (2), Revolving Credit FacilityCalifornia (3), New York (3), Virginia (3), Florida (2), Texas, Louisiana1.0621
ING Groep NV - Commercial RE1689$1,597,212,833Energy/Solar (6), Energy Storage (2), Office (1)Non-recourse senior secured credit facilities (2); Construction-to-term (2)Construction (7), Construction and Term (1), Refinance (1)Louisiana (2), Pennsylvania, California, Texas, Italy, Romania0.561TBD
KeyBank795$768,200,000Energy/Solar (3), Energy Storage (1), Senior Living (1)7-year fixed (1 — Brookdale); Construction-to-term (1 — rPlus)Construction (3), Refinance (2)Idaho (2), Colorado0.31TBDTBD
Natixis - Commercial RE1075$1,693,166,667Energy/Solar (2), Energy Storage (2), Energy/LNG, RetailConstruction-to-term / senior secured facilities (2)Construction (4), RefinanceTexas, California, New York, Louisiana, Peru0.31TBDTBD
Barclays - Commercial RE17511$1,919,601,429Industrial/Data Center (2), Office (2), Energy (2), Mixed-Use/Retail (2), Multifamily (2)5-year (3)Refinance (4), Acquisition (3), Construction (2)Virginia (2), Louisiana, Utah, Pennsylvania, Maryland, United Kingdom0.691
ACORE Capital191$160,000,000Industrial2-year floating-rate; 3Ă—1-year extensionsBridgeTexas, Maryland, Georgia, Pennsylvania, Illinois, Arizona0.07TBDTBD
Affinius Capital848$921,628,000Multifamily (6), Office, Student HousingFloating-rateRefinance (5), Acquisition (2), ConstructionNew York (3), Pennsylvania (2), California, Florida, United Kingdom0.531TBD
Barings673$861,400,000Mixed-Use (Hotel to Residential Conversion), Mixed-Use (Retail + Condominium), IndustrialN/AConstruction (2), RefinanceNew York, California, Tennessee0.75TBD1
Brookfield372$739,000,000Multifamily (2)Three-year bridge (only stated term)Refinance, BridgeNew York (2)0.13TBDTBD
S3 Capital242$78,750,000Mixed-Use Residential, MultifamilyTBDConstruction (2)New Jersey, South Carolina0.13TBDTBD
Berkadia272$110,942,000Multifamily (2)Freddie MacAcquisition (2)Virginia, Wisconsin0.5TBDTBD
Dwight Capital/Dwight Mortgage Trust1218$497,500,000Multifamily (6), Mixed-Use, CondoHUD 221(d)(4) (2), HUD 223(f) (2)Refinance (4), Construction (3), BridgeNew York (2), New Jersey (2), Texas, Florida, Utah, California0.532TBD
Greystone926$482,374,222Multifamily (6)24-month bridge with extension options (2)Bridge for Refinance (2), Refinance (2), Acquisition, Construction/RehabilitationIllinois (2), North Carolina (2), New York, Mississippi0.384TBD
Madison Realty Capital496$703,550,000Condominium (3), Hotel/Mixed-Use, Multifamily, Self-StorageConstruction completion 2027-2028 (2)Construction (3), Condominium Inventory Loan, Bridge for Refinance, AcquisitionNew Jersey (2), New York, Florida, Tennessee, Multiple States0.381TBD
Nuveen997$1,144,600,000Multifamily (5), Office/Lab, HotelC-PACE (Full stack capitalization), 5-year floating-rate loanC-PACE for construction (4), C-PACE for refinance, Acquisition (permanent financing)Texas (2), Florida, Arizona, Pennsylvania, Philadelphia, D.C. (2)1.1611
Blackstone - Commercial RE582$10,223,000,000Industrial, Data CenterBridge LoanAcquisition, ConstructionGerogia, Florida, New Jersey, Texas, Pennsylvania, Australia0.33TBDTBD
Corebridge121$46,000,000Multifamily (Mixed-Use)5-year; nonrecourse; interest rate in low 5% rangeRefinanceNew York0.125TBDTBD
MonticelloAM695$312,800,000Healthcare (Skilled Nursing) (5)Bridge loan (3), 36-month (2) + 2x 6-month extRefinance (2), Acquisition (3)Florida, Illinois (2), South Carolina, Pennsylvania0.6253TBD
Peachtree Group544$181,400,000Hotel (2), Multifamily, Film StudioC-PACE, 3-year bridge loan, 3-year floating-rateC-PACE for construction, Construction (2), C-PACE for RefiNorth Carolina (2), Ohio, Georgia0.571TBD
Tyko Capital291$410,000,000CondominiumTBDConstructionFlorida0.25TBDTBD
Apollo Global Management1476$2,476,480,000Industrial, Office, Multifamily (Conversion), logistics, industrial , HotelSenior secured financing across three separate loan facilities, Floating-rate debt, 36-month SOFR floating; Mezzanine fixedBridge for refinance, Construction (3), Refinance, AcquisitionNew York (3), North Carolina, UK, Germany, Netherlands, Spain, Ireland, Poland0.7521
Ares Real Estate Management522$1,550,000,000Casino/Entertainment, MultifamilyTBDConstruction, RefinanceNew York (2), Illinois0.33TBDTBD
New York Life121$35,700,000Retail5-year term with interest-only payments for full termBridge for refinance, Construction (2), RefinanceCalifornia0.25TBDTBD
PGIM Real Estate643$549,435,000Industrial, Mixed-Use, Retail (grocery)Fixed and floating rate componentsAcquisition, Refi (2)Florida, California, Texas, Massachusetts, Germany0.37521
Starwood Property Trust000TBDTBDTBDTBD0TBDTBD
Deutsche Bank - Growth Cap412$3,015,000,000TBDRevolving credit facilityAcquisition, Working CapitalSpain, Switzerland0.5TBD1
HSBC673$2,003,000,000TBDMIGA-guaranteed; Climate-linked conditions, 95% covered buyer credit guarantee, Put option arrangement with exit path in three years with certain returnsGrowth CapitalChile, France, Sweden0.6TBDTBD
JP Morgan - Growth Cap17511$6,068,250,000TBD4-year loan with 2 6-month extension, SOFR plus 77.5 bps & 15 bps facility fee, Term loan (3 year loan with 1-yr extension & SOFR plus 85 bps), 2 years with three 1-year extension options, Revolving facility due February 2030 with two six-month extension options, 7-year Term Loan, 5-year revolving credit facilityRevolving Credit Facility (2), Senior Secured Revolver (3), Acquisition Credit Facility, Unsecured Term Loan (2)New York (2), Texas (2), New Jersey, Illinois (2), California (2), Canada1.37521
Natixis - Growth Cap151$1,500,000,000TBDThree-year construction warehouse revolving credit facility with $500M accordionConstruction Warehouse Revolving Credit FacilityTexas0.2TBDTBD
PNC Bank1027$4,250,000,000TBD4-year loan with 2 6-month extension-SOFR plus 77.5 bps & 15 bps facility fee, Term loan (3 year loan with 1-yr extension-SOFR plus 85 bps), 5 years-matures 1/15/2031-SOFR + 1.15% to 1.65% depending on leverage, Three-year construction warehouse revolving credit facility with $500M accordionRevolving Credit Facility, Five-Year Unsecured Term Loan, Unsecured Term Loan (5), Construction Warehouse Revolving Credit FacilityNew York, Washington, Illinois (2), Texas, Florida, California1.41TBD
Bank of America - Growth Cap493$4,938,250,000TBD4-year loan, 4-year loan with an option for two 6-month extensions or one 12-month extension, SOFR plus 77.5 bps, 15 bps facility fee, Term Loan: Initial maturity January 31, 2029 with two 1-year extensions, SOFR plus 85 bps, Three-year construction warehouse revolving credit facility with $500M accordionRevolving Credit Facility; Unsecured Term Loan, Construction Warehouse Revolving Credit FacilityCanada, New York, Texas0.6TBDTBD
Barclays - Growth Cap573$3,550,000,000TBDN/ASenior Secured Green Revolving Loan and Letter of Credit Facility, Senior Secured Corporate Credit FacilityPennsylvania, Texas, Spain0.75TBDTBD
Goldman Sachs - Growth Cap824$2,950,000,000TBD6% interest rate with AMD guaranteeAcquisition, Senior Secured Credit Facility, Loan with Equipment GuaranteeSpain, Nebraska, Connecticut, California0.5TBDTBD
Santander Bank - Growth Cap794$5,150,000,000TBDMIGA-guaranteed; Climate-linked conditions, Long-term optimisation agreement with guaranteed minimum income level providing downside protection, Three-year construction warehouse revolving credit facility with $500M accordionSenior Secured Corporate Credit Facility, Acquisition, Construction Warehouse Revolving Credit FacilityPennsylvania, Chile, Spain, Texas0.81TBD
Sumitomo Mitsui Banking Corporation (SMBC) - GC794$1,712,400,000TBDSenior Secured Green Revolving Loan and Letter of Credit Facility, 3-year availability period; 5-year tenor; partial guarantee from EIFO, Put option arrangement with exit path in three years with certain returns, 5-year Revolving Credit FacilitySenior Secured Green Revolving Loan (2) and Letter of Credit Facility, Senior Secured Corporate Credit FacilityTexas, Denmark, Sweden, Louisiana0.511
Citigroup - Growth Cap955$7,191,250,000TBD5-year loan, 4-year loan (secured to unsecured), 95% covered buyer credit guarantee, 5-year Interest at base rate, Term SOFR, EURIBORAcquisition (2), Growth Capital (2), Senior Secured Revolving Credit FacilityCanada, Spain, Florida, France, Texas0.711TBD
Huntington Bank - Growth Cap695$1,220,000,000TBD5 years, matures 1/15/2031; SOFR + 1.15% to 1.65% depending on leverage, Revolving facility with two six-month extension options (2)Five-Year Unsecured Term Loan, Commercial Aircraft Engine Acquisition Facility, Unsecured Credit Facility (Revolver + Term Loans) (2), Revolving Credit Facility (2)Washington, Illinois, California, Florida, Colorado0.8331TBD
Morgan Stanley - Growth Cap000TBDTBDTBDTBD0TBDTBD
Mitsubishi UFJ Financial Group (MUFJ) - Growth Cap121$150,000,000TBD5-year loanDebt FinancingFlorida0.2TBDTBD
Truist Bank - Growth Cap342$1,050,000,000TBD2 years with three 1-year extension options, 4 years revolving credit facility with two six-month extension options (Pricing grid based on leverage ratio plus SOFR, 10-15 bps lower than prior debt)Acquisition Credit Facility, Unsecured Credit Facility (Revolver + Term Loans)New Jersey, Florida0.4TBDTBD
Bank of Montreal (BMO) - Growth Cap312$2,618,250,000TBDTerm loan under Softwood Lumber ProgramGrowth Capital (2)Canada (2)0.4TBDTBD
Canadian Imperial Bank of Commerce (CIBC)493$4,165,425,000TBD4-year loan (secured to unsecured), Three-year construction warehouse revolving credit facility with $500M accordion, Initial 3-year term with consecutive 1-year extension (prime rate + .75%)Acquisition, Construction Warehouse Revolving Credit Facility, Growth CapitalCanada (2), Texas0.4211
ING Groep NV - Growth Cap684$3,403,000,000TBDThree-year construction warehouse revolving credit facility with $500M accordion, 95% covered buyer credit guaranteeSenior Secured Corporate Credit Facility, Senior Secured Green Revolving Loan and Letter of Credit Facility, Construction Warehouse Revolving Credit Facility, Growth CapitalPennsylvania, Texas (2), France0.81TBD
Royal Bank of Canada805$5,093,250,000TBD4-year loan (secured to unsecured), 3-year loan with two one-year extension options; SOFR plus 85 bps; interest-only payments, Three-year construction warehouse revolving credit facility with $500M accordion, 2-year loan with potential 90-month extensionAcquisition, Refinance & Growth Capital, Construction Warehouse Revolving Credit Facility, Senior Secured Credit FacilitiesIllinois, Canada (2), Texas, New York, Louisiana0.6252TBD
Wells Fargo - Growth Cap1137$6,313,250,000TBD4-year loan (secured to unsecured), 3-year loan with two one-year extension options; SOFR plus 85 bps; interest-only payments, with one-year extension option; SOFR plus 85 bps; interest-only payments, Three-year construction warehouse revolving credit facility with $500M accordion, Revolving facility with two six-month extension optionsAcquisition, Refinance (2), Growth Capital (2), Construction Warehouse Revolving Credit Facility, Unsecured Credit Facility (Revolver + Term Loans)Illinois (2), Canada, New York, Texas, California1.41TBD
Blue Owl Capital241$1,400,000,000TBDTBDDelayed-Draw Term LoanGermany0.16TBDTBD
Comvest Partners191$130,000,000TBDTBDSenior Secured Credit FacilityCalifornia0.125TBDTBD
MidCap Financial1620TBDRevolver with accordion feature; term loan; delayed draw term loanSenior Secured Credit Facility (Revolver), Senior Secured Credit Facility (Revolver + Term Loan + DDTL)Colorado, California0.41TBD
Mountain Ridge Capital81$15,000,000TBDRevolving facility maximizing availability against working capital assetsSenior Secured Credit FacilityMidwest0.25TBDTBD
SLR Credit Solutions000TBDTBDTBDTBD0TBDTBD
Blackstone - Growth Cap291$600,000,000TBDTBDGrowth CapitalIndia0.14TBDTBD
Hercules Capital121$25,000,000TBD4-year loan with three tranches up to $75M milestone-based, final $25M at Hercules discretionGrowth CapitalCalifornia0.25TBDTBD
Monroe Capital747$100,000,000TBDPrime plus 3.75% (currently 10.50%); 60-month term with amortization at month 36 (or month 48 if milestones met)Senior Secured Term Loan (6), Debt Financing + Equity Co-InvestmentDelaware, New York, Michigan, Illinois, Florida (2), Iowa0.8754TBD
SG Credit Partners000TBDTBDTBDTBD0TBDTBD
Stellus Capital Management162UndisclosedTBDTBDSenior Debt Financing and Equity Co-Investment (2)Viriginia, Tennessee0.41TBD
HPS Investment Partners291$500,000,000TBDFour-year secured term loan, SOFR + 675 basis pointsSecured Term LoanNew York0.21TBD
NXT Capital242UndisclosedTBDTBDSenior Credit FacilityPennsylvania (2)0.25TBDTBD
Siena Lending Group - GC000TBDTBDTBDTBD0TBDTBD
Trinity Capital272$83,915,000TBDCommitment structureTBDUnited Kingdom0.25TBDTBD
Wingspire Capital363$120,000,000TBDN/ASenior Secured Revolving Credit FacilityFlorida0.6611
Ares Management - Growth Cap672$4,000,000,000TBDTBDM&A, Debt FacilityNew Jersey, Colorado0.331TBD
Encina Private Credit151$75,000,000Consumer lease-to-own contractsSenior credit facility secured by diversified pool of small balance lease-to-own contractsSenior Credit FacilityTBD0.25TBDTBD
Great Rock Capital - GC000TBDTBDTBDTBD0TBDTBD
KKR000TBDTBDTBDTBD0TBDTBD
Whitehawk Capital Partners000TBDTBDTBDTBD0TBDTBD
Advantage Business Capital81$1,000,000InvoicesTBDInvoice Factoring FacilityTBD0.16TBDTBD
First Citizens Bank - ABL000TBDTBDTBDTBD0TBDTBD
Gibraltar Business Capital810TBDTBDSenior Secured FacilityTBD0.25TBDTBD
nFusion Capital243$13,000,000Accounts receivable and inventory, InventoryTBDAsset-Based Lending Facility (2), Factoring LineColorado, California, Arizona0.423TBD
Culain Capital000TBDTBDTBDTBD0TBDTBD
First Business Bank324$12,200,000Vehicle inventory, Accounts ReceivableFactoring facilityCredit Facility, Inventory Floorplan, Factoring Facility (2)Hawaii, Pennsylvania, Virginia0.571TBD
Great Rock Capital - ABL493$340,000,000Accounts receivable and best-in-class machinery and equipment (2)TBDSenior Secured Revolver (3)Pennsylvania0.5TBDTBD
Rosenthal Capital Group162$4,000,000Accounts receivable (2)TBDRecourse Factoring Facility (2)California, Michigan0.25TBDTBD
Ares Commercial Finance121$175,000,000Accounts receivable; Machinery & equipmentTBDSenior Secured Revolving Credit FacilityTBD0.16TBDTBD
Sallyport Commercial Finance81$2,000,000Accounts receivableTBDAccounts Receivable FacilityCanada0.5TBDTBD
SLR Healthcare ABL81$7,000,000TBDTBDAsset-Based Revolving Line of CreditNortheast0TBDTBD
Utica Equipment Finance81$11,000,000Heavy equipment (trucks, trailers, dozers, excavators, graders, loaders, turf-farm machinery)TBDCapital LeaseMid-Atlantic0.25TBDTBD
Amerisource Business Capital162$9,000,000Accounts receivable (2), commercial real estateA/R Only Facility, Asset-Based Lending FacilityAsset-Based Lending Facility, A/R Only FacilityMidwest US, Texas0.5TBDTBD
King Trade Capital000TBDTBDTBDTBD0TBDTBD
MidCap Business Credit243$31,000,000Accounts receivable (2), inventory (2), machinery and equipment, Distributor of specialty chemicals and materialsWorking capital revolver and machinery/equipment term loanWorking Capital Revolver (2), Machinery and Equipment Term Loan, Asset-Based Credit FacilityTBD0.75TBDTBD
White Oak Commercial Finance151$35,000,000Various assets across UK and U.S. platforms (multi-currency facility)$20M uncommitted accordion feature; structured in USD, GBP, EURABL Revolver FacilityTexas0.125TBDTBD
Loeb Equipment000TBDTBDTBDTBD0TBDTBD
Prestige Capital000TBDTBDTBDTBD0TBDTBD
JPalmer Collective324$15,000,000Inventory (2)Line of credit with flexible structureLine of Credit (2), Debt Facility, Working Capital Facility (Asset-Based)California, Oregon, New York, Georgia0.81TBD
Austin Financial Services81$10,000,000TBDTBDTBDTBD0.201
eCapital405$31,500,000Accounts receivable (2), Freight receivables (2)ABL facility with advances against accounts receivable and inventoryA/R Financing Facility (3), Freight Factoring Facility (2)Canada, Massachusetts11TBD
Porter Capital000TBDTBDTBDTBD0TBDTBD
Siena Lending Group - ABL000TBDTBDTBDTBD0TBDTBD
Gateway Trade Funding152$500,000Purchase orders (letter of credit-backed), InventoryLetter of credit-backedPurchase Order Facility (2)TBD0.33TBDTBD
Republic Business Credit476$23,000,000Accounts receivable (3)Ledgered line of credit, Includes $10 million accordion feature, Accordion up to $6M with $2M inventory lending option after 6 months upon meeting performance thresholdsLedgered Line of Credit, Factoring Facility (3), Asset-Based Loan (2)Northeast US, Southwest US, Midwest US, California, West Coast0.752TBD
SLR Business Credit000TBDTBDTBDTBD0TBDTBD
TAB Bank000TBDTBDTBDTBD0TBDTBD
Alpine Ridge Funding000TBDTBDTBDTBD0TBDTBD
Celtic Capital233$4,320,700Accounts receivable (3)AR Line (2), Equipment Loan (2)Accounts Receivable Line of Credit (2), Equipment LoanPacific, South-Central US, California0.375TBDTBD
Clarus Capital81$10,000,000Essential use assets (medical transportation vehicles)Loan facility for sponsor-backed companyLoan FacilityTBD0.25TBDTBD
Gordon Brothers000TBDTBDTBDTBD0TBDTBD
Assembled Brands000TBDTBDTBDTBD0TBDTBD
MidCap Financial - ABL000TBDTBDTBDTBD0TBDTBD
Southstar Capital7510$14,500,000Invoices (4), Accounts receivable (5)Accounts receivable (3), Flexible structure; potential payment assurance arrangementsAccounts Receivable Facility (7), Invoice Factoring Facility (3)SouthEast US (2), Midwest, Indiana1.253TBD
Wintrust Equipment Finance000TBDTBDTBDTBD0TBDTBD
The Hedaya Capital Group243$11,000,000Accounts receivable (2)Factoring facilityFactoring Facility (3)Texas, New Jersey, New York0.421TBD
Sigma Funding152$2,600,000Accounts receivable (2)TBDAccounts Receivable Funding Facility (2)California, Florida0.28TBDTBD
Capteris121$25,000,000New and existing assets acquired over past yearTBDLease FacilityTBD0.5TBDTBD
Baker Garrington385$5,750,000Accounts receivable (4)Factoring facilityFactoring Facility (5)Colorado, Oklahoma, Indiana, Louisiana, Texas0.625TBDTBD

Tale of the Tape (YTD 2025)

  • Total Points: 190
  • Deals Logged: 13
  • Volume Drafted: $11.86 Billion*
  • Primary Asset Focus: Renewable Energy & Sustainable Materials | AI, Data Infrastructure & Semiconductor Technology | Real Estate, Finance, Transport & Security Services
  • Most Common Loan Term: 5-year term (1) | 3 years (1) | Specific Term Details (Multi-tranche (1))
  • Primary Loan Type: Growth Capital (6) | Revolving Credit Facility (2)
  • Top States: New York (3), California, Georgia, Utah
  • Win-Loss-Draw: 1-4-7
WeekOpponentResultScore & Top DealTop Deal Source
12Mitsubishi UFJ Financial Group (MUFG): Growth CapitalLoss0-14 ($2.31B Asian Syndication Refi Geneva, Switzerland)
11Royal Bank of Canada: Growth CapitalDraw0-0 (No Decisive Deal)
10Goldman SachsDraw0-0 (No Decisive Deal)
9PNC BankDraw0-0 (No Decisive Deal)
8Natixis: Growth CapitalDraw0-0 (No Decisive Deal)
7JP Morgan Chase: Growth CapitalDraw0-0 (No Decisive Deal)
6Truist Bank: Growth CapitalWin14-0 ($175M Brooklyn, NY)Link to Deal
5Canadian Imperial Bank of Commerce (“CIBC”): Growth CapitalLoss0-7 ($387.5M Brossard, Canada)
4Barclays: Growth CapitalDraw0-0 (No Decisive Deal)
3PNC Bank: Growth CapitalLoss0-14 ($150M Winter Park, FL)
2Natixis: Growth CapitalDraw0-0 (No Decisive Deal)
1JP Morgan Chase: Growth CapitalLoss0-10 ($900M Chicago, IL)

*Indicates a syndicated loan. Per “The Lead Arranger & The Syndicate Rule”, scoring is based on the lender’s specific allocation or lead arranger status. See The Rulebook for details.

Lender Overview

  • Headquarters: Frankfurt am Main, Germany
  • Founded: 1870
  • Ownership: Public company (dual-listed Frankfurt Stock Exchange and NYSE)
  • Primary Focus: Structured finance, growth capital, project finance, leveraged debt capital markets, and cross-border syndications

2025 PERFORMANCE SUMMARY

Deutsche Bank finished the 2025 Lender Draft season with a 1-4-7 record, demonstrating minimal competitive market activity in tracked matchups while maintaining substantial capital deployment across verified deals. The split reveals Deutsche Bank’s true operating posture: a syndication powerhouse and mandated lead arranger on consortium structures rather than a sole-lender competitor. Seven draws across twelve matchups signal participation in club deals where victory is distributed—Deutsche Bank funds alongside co-leads and joint bookrunners without capturing exclusive credit. The four losses to competitors including JP Morgan Chase, PNC Bank, Mitsubishi UFJ, and CIBC represent deals where rival arrangers held lead position; the single win against Truist Bank in Week 6 (a $175M revolving facility for NineDot Energy in Brooklyn) marks a decisive solo or dominant role, anomalous relative to Deutsche Bank’s syndication-heavy positioning.

DEAL FLOW ANALYSIS

  • Deal Size Range: $100 million (SolAmerica Energy solar revolving facility, Atlanta) to $2 billion (Altera programmable chips acquisition financing, San Jose); sweet spot: $800 million to $1.4 billion (five deals in this range account for $5.48 billion of total volume—46% concentration).
  • Geographic Focus: Domestic US deals skew Northeast (New York 3 deals, $1.525B) and Mountain West (Utah, California, Georgia); international deals (seven of thirteen) reveal European and Canadian infrastructure and platform financing dominance, with zero deals logged in Texas, Florida, or other traditional M&A corridor states.
  • Industry Patterns: Renewable Energy & Sustainability (wind, solar, battery storage, green materials—5 deals, 38% by count); AI/Data Infrastructure (2 deals, $2.48B); Commercial Real Estate Finance & Media (3 deals, $1.65B); Infrastructure/Transport/Utilities (Securitas, Yara, Kazakhstan Railways—3 deals); no deals logged in traditional LBO, health care, or financial services M&A.
  • Loan Structures: Growth Capital (9 deals, $9.98B); Revolving Credit Facilities (3 deals, $1.55B); Term Loan (1 deal, $800M); multi-tranche structures with accordion facilities (2 deals, €2.7B) reflecting syndication and scaling design.
  • Deal Purposes: Platform expansion and operational growth dominate (5 deals, $1.85B); infrastructure development and capacity expansion (3 deals, $3.7B); refinancing and facility replacement (3 deals, €1.65B); acquisition financing (2 deals, $2.85B).
  • Specific Example: In July, Deutsche Bank closed a €1.4 billion multi-tranche growth capital facility for NeXtWind (renewable energy), structured with accordion facilities and extension options, coordinating with ING Bank and LBBW—this deal exemplifies Deutsche Bank’s positioning as a primary mandated lead arranger on sustainable transformation platforms where complex tranching, extension mechanics, and green taxonomy alignment demand investment-grade coordination capability.
  • Transaction Velocity: Average spacing between consecutive deals is 13 calendar days (wide variance: 1 day between two July facilities, then 18-day gaps in spring/fall), with clustering in July (four deals in a single week) and April (two deals 4 days apart) indicating campaign-driven close calendars tied to syndication roadshow windows and facility signing ceremonies, not steady-state origination.

IDEAL BORROWER PROFILE

The ideal borrower for Deutsche Bank, based on verified 2025 activity, is a large-scale platform operator or infrastructure developer requiring $500 million to $2 billion in syndicated growth or project financing, with multi-year capital needs spanning development, construction, and operational scaling phases, particularly in energy transition or technology infrastructure sectors with regulatory/policy visibility and long-term revenue visibility.

STRATEGIC INTELLIGENCE BY AUDIENCE

FOR BORROWERS

  • Development-Phase Capital Staging as Underwriting Gateway: Deutsche Bank’s deal sequencing—solar and battery storage facilities funded in early Q3 2025 before the mega renewable energy refinancings of July—suggests Deutsche Bank uses smaller ($100–$200M) development-stage revolving facilities as “proof of concept” commitments that graduate to $1B+ platform financing if execution metrics (grid interconnection, permitting, equipment procurement) are met on timeline and budget. The gap between NineDot Energy’s $175M revolving in October and NeXtWind’s €1.4B accordion facility in July suggests a 9-month maturation window for commitment escalation.
  • Action: Position early-stage capital requests (grid deposits, equipment pre-procurement) as pilot submissions for a larger facility to be syndicated 12–18 months forward; structure development-stage borrowing requests with explicit expansion triggers tied to regulatory clearance and construction commencement, which Deutsche Bank’s accordion mechanics are designed to accommodate.
  • Timing: Submit development/proof-of-concept facilities when physical project milestones (permitting, EPC contracts, grid study completion) are 60–90 days from closure; this aligns with Deutsche Bank’s July-focused origination cadence and reduces their execution risk perception on emerging-sector collateral.

FOR BROKERS

  • Sector-Specific Origination Specialization as Gatekeeping Factor: Deutsche Bank’s zero representation in health care, traditional PE/LBO, and financial services M&A—despite Global Hausbank positioning—reveals that Deutsche Bank’s capital deployment is gated by industry sector expertise teams, not general relationship managers. The concentration in renewable energy, AI infrastructure, and platform-scale growth financing reflects dedicated teams (FIC Financing, Sustainable Finance, Structured Finance) with embedded technical domain knowledge, not a generalist deal factory.
  • Action: Route renewable energy, AI/data center, and green transition transactions directly to Deutsche Bank’s Sustainable Finance and FIC Financing teams through formal mandate requests that specify sector framework alignment and ESG certification pathways; avoid general Corporate Bank referrals for non-core sectors.
  • Strategy: For competing lenders facing Deutsche Bank on a deal, concede the technical credibility claim on energy transition and infrastructure, but emphasize relationship depth, faster committee turnover, and certainty of execution on non-ESG-contingent structures where speed matters more than syndication prestige.

FOR RIVAL LENDERS

  • Syndication Dependency as Origination Constraint: Deutsche Bank’s 58% draw rate (7 draws of 12 matchups) combined with zero solo-winner positioning outside Week 6 reveals a structural limitation: Deutsche Bank is a lead arranger and mandate-holder on large deals but lacks the downstream distribution network or relationship capital to win deals against pure-play financial sponsors or regional relationship banks. Seven draws signal co-lead status on deals where MUFG, RBC, JP Morgan Chase, and CIBC held origination or relationship equity; Deutsche Bank provides balance-sheet capacity and syndication scaffolding, not deal origination.
  • Action: Target Deutsche Bank’s borrowers during transition phases (refinancing windows, facility expansions, new-phase funding rounds) when Deutsche Bank’s syndication infrastructure is less relevant; offer certainty of single-lender commitment at similar or slightly lower pricing to disrupt Deutsche Bank’s consortium roles and shift relationship gravity to a pure-play lender with fewer stakeholders.
  • Defense: For deals where Deutsche Bank is a co-lead, emphasize exclusive vs. syndicated execution as a competitive wedge—borrowers in complex sectors (renewable energy) gain regulatory approval speed and political capital when a single lender provides all capital at closing, reducing public syndication processes and stakeholder dilution. Position single-lender offers as execution advantage, not pricing concession.

FOR ANALYSTS & FUNDS

  • Energy Transition Capital Deployment as Macro Hedge Against Rate Volatility: Deutsche Bank’s 62% capital allocation to renewable energy and green materials reflects conscious portfolio positioning against secular energy policy support and long-duration cash flows insulated from near-term rate volatility. Deutsche Bank’s €1.4B wind modernization facility and €1.1B green ammonia facility—both structured with 5–7 year maturities and extension optionality—signal confidence in sustained policy support (EU Green Taxonomy, energy independence post-Russia sanctions) and utility offtake contracting environments that outpace traditional cyclical credit.
  • Observation: Deutsche Bank’s portfolio reallocation toward 5–7 year sustainable transition financings at scale predicts institutional capital inflows into ESG-mandated funds and sovereign wealth allocations to climate finance over 2026–2028
  • Strategy: Overweight renewable energy and infrastructure equity/credit exposure in 2026–2027 portfolio construction; Deutsche Bank’s capital allocation patterns suggest traditional energy and commodity-linked credit will face crowding-out and pricing pressure as institutional capital follows ESG mandates and policy support. Time entry into green transition equity and infrastructure fund commitments to Q1 2026 syndication windows when Deutsche Bank’s Q1–Q2 2025 facility completions transition to secondary sale windows.

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