2026 Deutsche Bank (Growth Cap) Top Funding Report

The Blue Chip Conference – Bulls Division

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

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

🏀 2026 SEASON (CURRENT)

Lender Name	Total Points	Deals Logged	Volume Drafted	Primary Asest Focus	Most Common Loan Term	Primary Loan Type	Top States	Pace Score
Bank OZK	113	7	$85,100,000	Condo (3), Multifamily, Industrial	Construction loan (5)	Construction (5)	Florida (2), Pennsylvania, New York, California	0.33
European Investment Bank	85	4	$925,520,000	Industrial/Biorefinery, Shore Power Infrastructure, EV Charging Infrastructure, Wind Farm	15 years (1)	Construction (2)	Italy, Netherlands, Estonia, Spain	0.27
Mitsubishi UFJ Financial Group (MUFG) - Commercial RE	392	19	$6,030,853,333	Solar Energy (5), Battery Energy Storage (3), Data Center (2), Geothermal, Wind Farm, LNG Facility, HVDC Transmission	Non-recourse project financing (2)	Construction (7), Refinance (3), Commercial Real Estate (2), Construction and Term	Texas (3), Louisiana (3), Chile, Japan, Spain, India	0.68
Wells Fargo - Commercial RE	721	32	$9,943,313,154	Office (7), Industrial (5), Multifamily (5), Mixed-Use (3), Hotel/Casino, Data Centers, Energy/LNG, Retail	5-year fixed-rate (3); 2-year floating-rate (2), floating-rate (2), construction loan (2)	Refinance (10), CMBS for Refinance (8), Construction (4), Acquisition (3), Bridge for Refinance (2), CMBS for Acquisition, Credit Facility, Growth Capital, Expansion/Refinance	New York (15), Illinois (3), Florida (2), Texas (2), California (2)	1.41
Bank of Montreal (BMO) - CRE	168	9	$1,329,000,000	Industrial (5), Multifamily (2), Data Centers, Retail	2-year floating-rate (2); construction loan (1), fund-level revolving (1)	Acquisition (4), Refinance (3), Construction, Credit Facility	Georgia (3), Florida (2), Virginia, New Jersey, Nevada, Texas	0.56
Deutsche Bank - Commercial RE	232	12	$2,614,366,667	Office (5), Multifamily, Energy/LNG Facility, Hotel, Life Sciences, Mixed-Use	5-year fixed-rate (2); 2-year floating-rate (1), construction financing (1), CMBS conduit (1)	Refinance (5), Construction (2), CMBS Refinance (3)	New York (5), California, Colorado, Florida, Georgia, Ireland	0.5
First Citizens Bank - CRE	0	0	0	TBD	TBD	TBD	TBD	0
JP Morgan - Commercial RE	466	22	$7,075,349,206	Office (6), Industrial (3), Multifamily (2), Mixed-Use (2), Energy/Geothermal (2), Retail (2)	5-year, fixed-rate (2); 2-year floating-rate + extensions (2); 3-year floating-rate (2)	Refinance (6), CMBS for Refinance (5), Acquisition (4), Construction (3), Bridge for Refinance, Senior + Mezzanine Loan	New York (6), California (3), Texas (3), Massachusetts (2), Florida, Pennsylvania	0.95
Sumitomo Mitsui Banking Corporation (SMBC) - Commercial RE	202	12	$1,313,373,610	Solar Energy (3), Energy/Geothermal (2), Data Center, Energy Storage/BESS, HVDC Transmission, Multifamily, Solar/Wind/BESS Hybrid	Non-recourse senior secured (2); Construction-to-term loan (2)	Commercial Real Estate (6), Construction (3), Refinance	Louisiana (2), Canada, India, Japan, New York, Philippines	0.45
BNP Paribas	68	6	$456,748,429	Solar / Renewable Energy (4), Industrial, Retail/Mall	2-year floating-rate + extensions (2)	Commercial Real Estate (3), Construction (2), CMBS for refinance	Spain (2), Chile (2), Italy, United Arab Emirates	0.27
Citigroup - Commercial RE	324	17	$3,346,167,916	Industrial (4), Multifamily (3), Office (3), Hotel (3), Retail (2), Data Center (2)	Term2-year floating-rate (3), 5-year fixed-rate (2)	CMBS for refinance (5), Refinance (5), Acquisition (2), Construction, CMBS for acquisition	New York (4), Florida (4), Texas (2), Virginia, Georgia, Arizona	0.73
Morgan Stanley - Commercial RE	323	14	$4,553,109,333	Office (4), Data Center (3), Industrial (2), Retail (2), Hotel (2), Self-Storage	5-year fixed-rate (2), 2-year floating-rate (2)	CMBS for refinance (5), Refinance (5), CMBS for acquisition (2), Revolving Credit Facility, Construction	New York (3), Texas (2), Virginia (2), Massachusetts, California, Washington D.C.	0.64
Santander Bank - Commercial RE	181	10	$1,213,816,078	Solar PV/BESS Hybrid (5), Energy Storage/BESS (2), Multifamily (2)	Construction-to-term (2)	Construction (5), Commercial Real Estate (4)	California, Connecticut, Florida, Idaho, Peru, Portugal	0.41
Truist Bank - Commercial RE	91	5	$414,300,000	Multifamily (5)	Construction loan (1), Senior loan and preferred equity (1), Permanent loan (1)	Construction (2), Acquisition, Refinance, Permanent financing	New York (2), Maryland, Texas, Washington D.C., New Jersey	0.23
Bank of America - Commercial RE	379	18	$18,349,612,360	Office (6), Data Center (3), Industrial (3), Energy (3), Multifamily (2), Retail/Mall	Fixed-rate 5-year (2), 2-year floating-rate (2)	Refinance (5), Construction (4), CMBS for refinance (4), Acquisition (3), CMBS for acquisition	New York (6), Louisiana (2), Virginia (2), Michigan, California, Florida	0.82
Goldman Sachs - Commercial RE	509	25	$5,196,649,000	Office (7), Solar/Energy Storage (4), Retail (2), Data Center (2), Hotel (2), Multifamily (2)	5-year fixed-rate (3); 2-year floating-rate (2)	Refinance (10), CMBS for refinance (6), Bridge (2), Construction (2), CMBS for acquisition, Revolving Credit Facility	New York (5), California (4), Virginia (3), Texas (3), Florida (3), Washington	1.09
ING Groep NV - Commercial RE	232	12	$2,197,435,333	Solar Energy (5), Battery Energy Storage (3), Data Center, Office, Community Solar	Construction-to-term (1), 20-year PPA (1)	Construction (6), Commercial Real Estate (2), Refinance (2), Construction and Term	Louisiana (2), California, Idaho, Texas, Virginia, Philippines	0.5
KeyBank	162	9	$1,068,400,000	Solar / Energy (4), Multifamily (2), Senior Living, Industrial Outdoor Storage	35-year amortization (1), 7-year fixed (1), construction-to-term (1)	Construction (3), Refinance (3), HUD Refinance, Construction/Term Loan	Idaho (2), Texas (2), North Carolina, Colorado	0.36
Natixis - Commercial RE	145	7	$1,865,338,096	Solar / Energy (4), Battery Energy Storage (2), LNG Facility, Retail, AI Infrastructure	Senior non-recourse (1), construction term loan (1)	Construction (3), Refinance, Growth Capital, Commercial Real Estate	Louisiana, Texas, California, New York, Chile, France	0.32
Barclays - Commercial RE	231	14	$1,951,030,000	Energy/Geothermal (2), Office (2), Data Center, Energy/LNG, Self-Storage	5-year, fixed-rate (2); Construction-to-term (2)	Refinance (4), Construction (2), Commercial Real Estate	California (2), Georgia, Illinois, Louisiana, Pennsylvania, Texas	0.32
ACORE Capital	34	2	$235,000,000	Industrial, Multifamily	2-year floating-rate; 3×1-year extensions	Refinance (2)	Washington, Multi-State (15 states)	0.11
Affinius Capital	201	12	$1,365,328,000	Multifamily (6), Office (2), Industrial, Development Site, Student Housing (United Kingdom), Mixed-Use	Floating-rate; matures 2029; two 1-year extension options (1); Senior loan; back leverage provided by Standard Chartered (1)	Refinance (8), Acquisition (2), Construction (2)	New York (5), Florida (2), Pennsylvania (2), Georgia, California, United Kingdom	0.55
Barings	142	7	$1,528,450,000	Mixed-Use (3), Office (2), Hotel, Industrial	Construction financing (1)	Refinance (4), Construction (3)	New York (3), California, Illinois, Tennessee, Utah	0.32
Brookfield	37	2	$369,000,000	Multifamily (2)	Three-year bridge (only stated term)	Refinance, Bridge	New York (2)	0.11
S3 Capital	100	6	$576,750,000	Mixed-Use (3), Multifamily, Student Housing	TBD	Construction (3), Refinance, Construction/Acquisition	Florida, New York, New Jersey, South Carolina, Texas	0.21
Berkadia	27	2	$110,942,000	Multifamily (2)	Freddie Mac	Acquisition (2)	Virginia, Wisconsin	0.5
Dwight Capital/Dwight Mortgage Trust	216	16	$1,037,000,000	Multifamily (13), Mixed-Use (2)	HUD 221(d)(4) (2), 35-year fully amortizing fixed-rate (1), 5-year interest-only (1), HUD 241(a) (1), HUD 223(f) (1	Refinance (6), Construction (5), Bridge for refinance (4)	New York (4), Florida (4), New Jersey (2), Texas (2), Utah, California	0.68
Greystone	100	7	$496,249,222	Multifamily (4), Affordable Housing (2), Senior Housing	24-month bridge with extension options (2),	Bridge for Refinance (2), Refinance (2), Acquisition, Construction/Rehabilitation (2)	Illinois (2), North Carolina (2), New York, Mississippi, Florida	0.3
Madison Realty Capital	150	9	$907,150,000	Condominium (3), Multifamily (3), Hotel (2), Self-Storage	Closed Dec 19, 2025, completion late 2027 (1); Construction loan, expected completion 2028 (1)	Construction (5), Refinance (2), Acquisition (1), Condominium Inventory Loan	New York (2), New Jersey (2), Florida (2), Virginia, California, Tennessee	0.41
Nuveen	220	15	$1,274,045,000	Hotel (5), Multifamily (4), Office/Lab (2), Retail (1), Life Sciences	30 years (3), 5-year floating-rate (1), C-PACE financing including $30M for future tenants (1	C-PACE for Construction (5), Construction (3), Refinance (3), Acquisition, Full stack capitalization	Texas (2), Pennsylvania (2), Nevada (2), New York (2), Arizona, Florida	0.59
Blackstone - Commercial RE	262	11	$10,494,670,000	Industrial (3), Multifamily (3), Office (2), Data Center, AI Infrastructure	3-year bridge (1), 5-year fixed-rate (1)	Refinance (6), Bridge for refinance (2), Acquisition/Construction	New York (2), Florida (2), Texas (2), Australia, Colorado, Washington	0.45
Corebridge	25	2	$115,000,000	Self Storage, Multifamily	5 years (2)	Acquisition, Refinance	Multiple, New York	0.11
MonticelloAM	160	10	$1,077,800,000	Skilled Nursing Facility (7), Senior Housing (2), Multifamily	36-month initial term (3), 30-month initial term (1), 24-month term (1)	Bridge for Acquisition (6), Bridge for Refinance (3), Bridge Acquisition	Illinois (2), Florida (2), Washington (2), Maryland, New York, Pennsylvania	0.45
Peachtree Group	180	15	$552,260,000	Hotel (9), Multifamily (2), Industrial, Senior Housing, Retail	3-year bridge with two 12-month extension options (3), 3-year floating-rate EB-5 (1), C-PACE 30-year (1)	Bridge for refinance (4), Construction (4), C-PACE for Construction (3), Bridge (2), C-PACE	Florida (2), Texas (3), North Carolina (2), Georgia (2), Utah, Ohio	0.64
Tyko Capital	88	3	$770,000,000	Condominium (2)	Construction loan, completion Q4 2028 (1)	Construction (2)	Florida (2)	0.11
Apollo Global Management	187	7	$3,454,800,000	Mixed-Use/Conversion (2), Industrial (2), Hotel	Multi-year (1), 36-month SOFR floating (1)	Construction (3), Acquisition (2), Refinance (2)	New York (3), Florida, North Carolina, Germany (2), United Kingdom, Netherlands, Spain	0.39
Ares Real Estate Management	182	8	$2,198,817,000	Industrial (2+), Multifamily (2), Mixed-Use (2)	Fixed-rate long-tenor (1), Through 2031 (1)	Acquisition (4), Refinance, Construction, C-PACE, Growth Financing	Florida (2), New York (2), Illinois, California, Washington D.C., United Kingdom	0.44
New York Life	80	5	$432,517,000	Multifamily (3), Office, Retail	Construction loan, 5-year interest-only, 3-year, floating-rate	Refinance (3), Construction, Acquisition	New York (2), Washington, Texas, California, Illinois	0.21
PGIM Real Estate	180	9	$3,694,925,000	Industrial (4), Data Center, Multifamily (2)	3-year with extensions (1), 7-year fixed (1), Floating-rate (1)	Acquisition (4), Refinance (4), Revolving Credit Facility	California (2), Texas (2), Illinois, Massachusetts, Florida, Germany	0.39
Starwood Property Trust	34	2	$202,000,000	Multifamily, Industrial	TBD	Refinance, Acquisition	Illinois, Tennessee	0.11
Deutsche Bank - Growth Cap	101	5	$3,015,000,000	TBD	Revolving credit facility	Acquisition, Working Capital	Spain, Switzerland	0.5
HSBC	120	6	$1,191,279,762	TBD	Revolving/RCF (2)	Growth Capital (2), First Lien Term Loan, Corporate Debt Facility, Warehouse Facility	New York, New Jersey, California, Spain, Switzerland	0.23
JP Morgan - Growth Cap	508	25	$12,866,892,690	TBD	5-year (2), 2-year with extension options (2)	Revolving Credit Facility (5), Growth Capital (2), Credit Facility (2), Loan (2), Unsecured Term Loan, Acquisition Credit Facility, others	Texas (4), New York (3), Illinois (3), California (2), Japan, Louisiana	0.82
Natixis - Growth Cap	138	7	$1,060,061,398	TBD	5-year, 3-year, 12-year, long-term PPA (all distinct; no modal)	Growth Capital (3), Term Loan B, Syndicated Letter of Credit Facility, Construction Warehouse Revolving Credit Facility, Commercial Real Estate	Spain (2), Nevada, Virginia, France, Massachusetts, Texas	0.32
PNC Bank	206	12	$1,800,010,822	TBD	5-year (4)	Revolving Credit Facility (3), Unsecured Term Loan (3), Unsecured Credit Facility – Revolver + Term Loans (2), Syndicated Credit Facility, Senior Secured Credit Facility, Construction Warehouse Revolving Credit Facility	Illinois (3), Connecticut, Ohio, Virginia, Indiana, Texas	0.55
Bank of America - Growth Cap	279	13	$5,123,868,881	TBD	5-year (4)	Revolving Credit Facility (4), Bridge Loan, Syndicated Term Loan, Syndicated Credit Facility, Growth Capital, Construction Warehouse Revolving Credit Facility	California (3), Texas (2), Ohio, Virginia, Illinois, Canada	0.45
Barclays - Growth Cap	131	6	$2,027,182,540	TBD	Term Loan B, 5-year, 7-year (all distinct; no modal)	Term Loan B, Term Loan, Revolving Credit Facility, Senior Secured Green Revolving Loan and LC Facility, Growth Capital, Senior Secured Corporate Credit Facility (all distinct)	Texas (2), Virginia, California, Spain, Pennsylvania	0.37
Goldman Sachs - Growth Cap	227	10	$8,927,204,762	TBD	Bridge loan (1-year), 5-year, Term Loan B (all distinct; no modal)	Growth Capital (3), Term Loan B, Revolving Credit Facility	Virginia, New York, Japan, Italy, Spain	0.23
Santander Bank - Growth Cap	113	6	$1,006,704,762	TBD	5-year	Growth Capital (3), Revolving Credit Facility, Senior Secured Corporate Credit Facility	Spain (2), New York, Chile, Pennsylvania	0.23
Sumitomo Mitsui Banking Corporation (SMBC) - GC	108	5	$8,439,533,333	TBD	3-year (2)	Growth Capital (3), Revolving Credit Facility, Senior Secured Green Revolving Loan and LC Facility	New York, Japan, Sweden, Texas, Denmark	0.23
Citigroup - Growth Cap	253	11	$808,267,583	TBD	Maturity January 2030 (1)	Growth Capital (4)	India, France, Spain, Canada	0.18
Huntington Bank - Growth Cap	110	8	$407,619,047	TBD	5-year (2)	Unsecured Credit Facility – Revolver + Term Loans (2), Unsecured Term Loan, Senior Credit Facility, Revolving Credit Facility, Five-Year Unsecured Term Loan, Commercial Aircraft Engine Acquisition Facility	Connecticut, Texas, Colorado, California, Florida, Washington	0.32
Morgan Stanley - Growth Cap	197	7	0	TBD	TBD	TBD	TBD	0
Mitsubishi UFJ Financial Group (MUFJ) - Growth Cap	212	10	$8,661,571,429	TBD	3-year (1); Bridge loan 1-year (1); 5-year leveraged loan (1)	Growth Capital (4)	India, Japan, France, Massachusetts	0.18
Truist Bank - Growth Cap	91	5	$381,250,000	TBD	2 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)	Securitization / Warehouse & Mezzanine Refinancing; Growth Capital (Equity and Debt); Unsecured Credit Facility; Acquisition Credit Facility	Michigan, California, Florida, New Jersey	0.18
Bank of Montreal (BMO)-Growth Cap	76	4	$649,096,154	TBD	Due May 2031; 2 years with extension options; Maturity January 2030; Softwood Lumber Program term	Revolving Credit Facility (2); Growth Capital / Syndicated Credit Facility; Growth Capital / Term Loan (Softwood Lumber)	Canada (2), Missouri, Illinois	0.18
Canadian Imperial Bank of Commerce (CIBC)	101	8	$260,796,154	TBD	4-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 Capital	Canada (3), Belgium	0.18
ING Groep NV - Growth Cap	80	5	$185,540,000	TBD	95% covered buyer credit guarantee (1)	Growth Capital	France	0.05
Royal Bank of Canada	104	7	$442,667,583	TBD	5-year (1); 2-year with extensions (1); Softwood Lumber bilateral (1); Maturity 2030 (1); SOFR + 85 bps (1)	Growth Capital (3); Senior Secured Credit Facilities; Growth Capital / Asset-Based Loan	Canada (3), Louisiana, Illinois	0.23
Wells Fargo-Growth Cap	261	13	$4,475,773,644	TBD	SOFR + 85 bps / interest-only (2); 5-year revolving (2)	Revolving Credit Facility (5); Unsecured Term Loan (3); Term Loan B (1); Syndicated Credit Facility (1); Senior Credit Facility (1)	Illinois (3), California (2), Canada, Virginia, Louisiana, New York, Ohio, Indiana	0.55
Regions Bank - Growth Cap	116	7	$539,475,108	TBD	The loan terms typically range from 2 to 5 years for initial maturity, frequently featuring one or more extension options (e.g., 6-month or 1-year extensions) and often priced using SOFR plus a spread.	The mix is predominantly composed of Unsecured Term Loans and various Credit Facilities (including syndicated, revolving, and construction warehouse facilities).	Illinois (3), Texas (2), Florida, New York, Washington	0.35
KeyBank - Growth Cap	139	8	$2,429,713,203	TBD	TBD	Revolving Credit Facility (2), Unsecured Credit Facility Revolver + Term Loans (2), Acquisition Credit Facility, Five-Year Unsecured Term Loan	New York, New Jersey, Ohio, California, Florida, Washington	0.26
U.S. Bank - Growth Cap	227	10	$1,441,915,585	TBD	5 years (2)	Revolving Credit Facility (3), Unsecured Term Loan (2), Unsecured Credit Facility Revolver + Term Loans (2), Construction Warehouse Revolving Credit Facility, Term Loan Credit Agreement, Five-Year Unsecured Term Loan	Illinois (2), California (2), Missouri, Ohio, Wisconsin, Texas, New York, Washington	0.43
BBVA	125	4	$1,031,858,974	TBD	TBD	Growth Capital (4)	China (2), Spain (2)	0.17
Blue Owl Capital	133	6	$2,050,000,000	TBD	SOFR+5.00% or Base Rate+4.00%, matures Apr 2031 (1); 5.5% over SOFR (1)	Senior Secured Credit Facility (2), Term Loan and Revolving Credit Facility, Credit Facility (Warehouse/Renewal), Delayed-Draw Term Loan	Texas, Massachusetts, California, Germany	0.18
Comvest Partners	19	1	$130,000,000	TBD	TBD	Senior Secured Credit Facility	California	0.04
MidCap Financial-Growth Cap	75	7	$21,500,000	TBD	Revolver with accordion feature; term loan; delayed draw term loan (1	Senior Secured Credit Facility (5), Growth Capital (1)	California (2), New York, Kentucky, Maryland, Canada	0.27
Mountain Ridge Capital	8	1	$15,000,000	TBD	Revolving facility maximizing availability against working capital assets	Senior Secured Credit Facility	Midwest	0.04
SLR Credit Solutions	0	0	0	TBD	TBD	TBD	TBD	0
Blackstone - Growth Cap	84	3	$1,600,000,000	TBD	Four-year funding spread, milestone payments upon FDA approval (1)	Growth Capital (2), Senior Secured Credit Facility	Texas, Israel, India	0.14
Hercules Capital	12	1	$25,000,000	TBD	4-year loan with three tranches up to $75M milestone-based, final $25M at Hercules discretion	Growth Capital	California	0.04
Monroe Capital	181	16	$52,500,000	TBD	TermPrime plus 3.75%, 60-month term (1); Senior credit facility (1); Delayed draw facility (1)	Senior Credit Facility (10), Senior Secured Credit Facility (2), Delayed Draw Senior Credit Facility, Debt Financing + Equity Co-Investment, Senior Secured Term Loan	California (4), Illinois (2), Michigan (2), Florida (2), Texas, Georgia	0.73
SG Credit Partners	28	3	0	TBD	TBD	Senior Debt Facility, Senior Debt Investment (2)	New York (2), Colorado	0.14
Stellus Capital Management	24	3	Undisclosed	TBD	TBD	Unitranche Senior Debt Facility (with Equity Co-Investment), Senior Debt Financing + Equity Co-Investment (2)	Arizona, Tennessee, Virginia	0.14
HPS Investment Partners	29	1	$500,000,000	TBD	Four-year secured term loan, SOFR + 675 basis points	Secured Term Loan	New York	0.04
NXT Capital	60	5	Undisclosed	TBD	TBD	Senior Secured Credit Facility (2), Senior Credit Facility (2)	Pennsylvania (2), Ohio, Michigan	0.18
Siena Lending Group - GC	0	0	0	TBD	TBD	TBD	TBD	0
Trinity Capital	121	10	$338,915,000	Small business receivables / consumer and SMB loan collateral (1)	Commitment structure	Growth Capital (5), Senior Secured Credit Facility (2), Equipment Financing, Growth Capital Debt Facility, Debt Term Loan, Warehouse Credit Facility	California (5), Arizona, Utah, New York, United Kingdom (2)	0.5
Wingspire Capital	72	6	$180,000,000	TBD	N/A	Senior Secured Revolving Credit Facility (2), Revolving Credit Facility (2), Senior Secured Credit Facility, Commitment	Pennsylvania, Wisconsin, Georgia, Florida	0.27
Ares Management - Growth Cap	108	5	$4,300,000,000	TBD	TBD	Debt Facility (2), Acquisition Financing, Equity and Debt Capital, Debt Financing	Colorado, California, New Jersey, North Carolina, Pennsylvania	0.23
Encina Private Credit	62	5	$118,750,000	Enterprise value / first-out commitment (1)	Senior credit facility secured by diversified pool of small balance lease-to-own contracts	Senior Secured Credit Facility (3), First Out Term Loan	Georgia	0.18
Great Rock Capital - GC	12	1	$30,000,000	TBD	TBD	Senior Secured Revolving Credit Facility	Pennsylvania (2)	0.04
KKR	0	0	0	TBD	TBD	TBD	TBD	0
Whitehawk Capital Partners	26	1	0	TBD	TBD	TBD	TBD	0
Bain Capital	53	4	$286,548,840	TBD	TBD	Senior Credit Facility (2), Growth Capital, Senior Secured Credit Facility	Massachusetts, Georgia, Nebraska, Germany	0.17
Fortress	86	4	$762,000,000	TBD	TBD	Senior Secured Credit Facility (2), First-Lien Term Loan, Senior Secured Term Loan	New Jersey, Tennessee, Kansas, California	0.17
Advantage Business Capital	8	1	$1,000,000	Invoices	TBD	Invoice Factoring Facility	TBD	0.04
First Citizens Bank - ABL	0	0	0	TBD	TBD	TBD	TBD	0
Gibraltar Business Capital	8	1	$20,000,000	TBD	TBD	Senior Secured Facility	TBD	0.04
nFusion Capital	80	10	$55,600,000	Accounts Receivable (7), Inventory (2), Accounts Receivable and Inventory (1)	TBD	Asset-Based Lending Facility (5), Factoring Facility (4), Factoring Line	California (3), Texas (2), Colorado, Michigan, Arizona, Florida, Georgia	0.45
Culain Capital	24	3	$7,500,000	Accounts Receivable (3), Inventory	TBD	Accounts Receivable Factoring Facility (2), Accounts Receivable & Inventory Financing Facility	New York (2), California	0.14
First Business Bank	84	10	$42,800,000	Accounts Receivable (6), Inventory (3), Real Estate (2), Vehicle Inventory		Factoring Facility (3), Asset-Based Revolving Credit Facility (2), Credit Facility (2), Working Capital Line of Credit, Inventory Floorplan Line of Credit	Wisconsin (2), Texas (2), Minnesota, New Jersey, Virginia, Hawaii, Pennsylvania	0.41
Great Rock Capital - ABL	46	3	$208,750,000	Accounts Receivable (3), Machinery & Equipment (2)	TBD	Senior Secured Revolving Credit Facility (2), Senior Secured Revolver	Pennsylvania	0.14
Rosenthal Capital Group	100	12	$23,750,000	Accounts Receivable (7), Inventory (4), Purchase Orders (2)	TBD	ABL Facility (3), Recourse Factoring Facility (2), Purchase Order Financing (2), Revolving Credit Facility, Working Capital Facility, Facility Increase	California (3), Idaho, Michigan	0.41
Ares Commercial Finance	12	1	$175,000,000	Accounts receivable; Machinery & equipment	TBD	Senior Secured Revolving Credit Facility	TBD	0.16
Sallyport Commercial Finance	54	7	$16,150,000	Accounts Receivable (5), Inventory (2)	TBD	Accounts Receivable Financing Facility (3), Non-Notification Factoring Facility (2), Inventory Finance Facility, A/R and Inventory Facility	Canada (3), Texas	0.32
SLR Healthcare ABL	16	2	$10,000,000	TBD	TBD	Asset-Based Revolving Line of Credit (2)	Northeast	0.09
Utica Equipment Finance	16	2	$18,000,000	Heavy Equipment (2)	Capital lease (2)	Capital lease (2)	Mid-Atlantic	0.09
Amerisource Business Capital	64	8	$30,500,000	Accounts Receivable (6), Inventory (4), Equipment (3), Real Estate	TBD	ABL Facility (3), A/R Only Facility, Asset-Based Lending Facility, Credit Facility Increase, Ledgered Asset-Based Line of Credit, A/R Ledgered ABL, Revolving Credit Facility with Equity, Working Capital Facility	Texas (2), Midwest (2), Southeast (2)	0.36
King Trade Capital	0	0	0	TBD	TBD	TBD	TBD	0
MidCap Business Credit	32	4	$46,000,000	Accounts Receivable (3), Inventory (3), Machinery & Equipment (3), Real Estate	TBD	Asset-Based Credit Facility (2), Working Capital Revolver (2), Working Capital Revolver + Machinery and Equipment Term Loan	Texas	0.18
White Oak Commercial Finance	54	4	$107,500,000	Accounts Receivable (3), Mining Services Assets, Various	TBD	Senior Secured ABL Facility, Revolving Credit Facility, ABL Revolver Facility	Arizona, Texas	0.14
Loeb Equipment	16	2	$1,200,000	Equipment	TBD	Equipment-Based Loan	Wisconsin, Illinois	0.04
Prestige Capital	8	1	$3,000,000	Invoices; Accounts Receivable	TBD	Invoice Financing Facility	California	0.04
JPalmer Collective	56	7	$26,000,000	Accounts Receivable (4), Inventory (4)	TBD	Line of Credit (3), Working Capital Facility (2), Asset-Based Line of Credit, Asset-Based Loan, Debt Facility	New York (2), Oregon (2), California, Georgia, Massachusetts	0.32
Eldridge Capital Management	69	3	$925,000,000	Power generation equipment (3)	TBD	Lease Facility (2), Equipment Financing Facility	Texas (3)	0.13
Haversine Funding	56	7	$38,100,000	Transportation Receivables / Factoring Portfolio (3), Accounts Receivable (2), Loan Portfolio / Working Capital Assets, Accounts Receivable (Optical Networking Hardware)	TBD	Lender Finance - Subordinated Debt Increase (2), Lender Finance - Senior Secured Revolving Credit Facility Increase, Lender Finance - ABL Participation, Lender Finance - Senior Facility Increase, Lender Finance - A/R Participation, Lender Finance - Factoring Participation	Texas (7)	0.3
Austin Financial Services	8	1	$10,000,000	TBD	TBD	Accounts Receivable Revolver	TBD	0.2
eCapital	100	12	$107,250,000	Healthcare Accounts Receivable (7), Accounts Receivable (4), Freight Receivables (2), Inventory	ABL facility with advances against accounts receivable and inventory; flexible facility with higher advance rates (1); others undisclosed	Healthcare Receivables Financing Facility (5), A/R Financing Facility (3), Healthcare Financing Facility, Asset-Based Lending Facility, Asset-based Loan-Freight Factoring Facility, Freight Factoring Facility	California (2), Canada (Ontario), Massachusetts, Midwest	1
Porter Capital	0	0	0	TBD	TBD	TBD	TBD	0
Siena Lending Group - ABL	46	3	$185,000,000	Accounts Receivable (2), Inventory (2), Current and Fixed Assets	TBD	Revolving Credit Facility, Senior Secured ABL Credit Facility	California, New Jersey	0.09
Gateway Trade Funding	15	2	$1,700,000	Inventory (2), Purchase Orders	Letter of credit-backed (1)	Purchase Order Facility (2)	TBD	0.33
Republic Business Credit	55	7	$23,000,000	Accounts Receivable (5), Inventory (2)	Accordion up to $6M with $2M inventory option after 6 months (1), Ledgered line of credit (1), Includes $10M accordion feature (1), Factoring facility (1)	Factoring Facility (4), Asset-Based Loan (2), Ledgered Line of Credit	California (2), Texas, Southwest	0.32
SLR Business Credit	24	3	$20,000,000	Accounts Receivable (3), Inventory (2)	TBD	Senior Secured Asset-Based Revolving Credit Facility, Senior Secured Invoice Financing Credit Facility, Revolving Line of Credit	New Jersey	0.14
TAB Bank	8	1	$2,500,000	Inventory	TBD	Asset-Based Lending Facility	Utah	0.04
Alpine Ridge Funding	0	0	0	TBD	TBD	TBD	TBD	0
Celtic Capital	53	7	$7,270,700	Accounts Receivable (5), Equipment (3), Inventory	$500K AR Line + $304.5K Equipment Loan (1); AR Line and Equipment Loan terms undisclosed (1)	Accounts Receivable Line of Credit (4), Asset-Based Financing Package, Accounts Receivable Line of Credit and Inventory Line of Credit	California (3), Pacific (2), Midwest, South-Central	0.27
Clarus Capital	8	1	$10,000,000	Essential use assets (medical transportation vehicles)	Loan facility for sponsor-backed company	Loan Facility	TBD	0.25
Gordon Brothers	19	1	$175,000,000	Various assets; Real Estate	Unitranche asset-based lending revolver with RILO tranche	Unitranche ABL Revolver with RILO	TBD	0.04
Assembled Brands	32	4	0	Accounts Receivable (3), Inventory (3)	Dynamic accordion-style facility with high advance rates (1), Scalable accordion feature; no lockboxes; no personal guarantees (1	Asset-Based Credit Facility, Senior Asset-Based Line of Credit, Revolving Working Capital Facility, Accordion-Style Asset-Based Facility	Delaware, California, Illinois, New Mexico	0.18
MidCap Financial-ABL	38	3	$95,000,000	TBD	Senior secured credit facility (2)	Senior Secured Credit Facility (2), Asset-Based Loan, Growth Capital	New York, Canada (Toronto) (2)	0.14
Southstar Capital	226	30	$42,150,000	Accounts Receivable (23), Purchase Orders (6), Inventory (4), Equipment (3)	Loan TermAccounts receivable financing facility; advances against eligible invoices including progress-billed contracts with retainage (1)	Accounts Receivable Financing Facility (13), Invoice Factoring Facility (5), A/R Financing Facility (3), Purchase Order and A/R Financing Facility (3), A/R and Inventory Financing Facility (2), Factoring Facility (2), A/R Line of Credit	Texas (4), Florida (3), North Carolina (3), South Carolina (3), Indiana, Midwest	1.32
Wintrust Equipment Finance	0	0	0	TBD	TBD	TBD	TBD	0
The Hedaya Capital Group	48	6	$22,000,000	Accounts Receivable (6)	Factoring facility with non-notification basis (1)	Factoring Facility (6)	New York (2), Florida, California, New Jersey, Texas	0.27
Sigma Funding	24	3	$2,600,000	Accounts Receivable (3)	$2,000,000 per month ongoing (1), Per month ongoing (1)	Monthly Factoring / Accounts Receivable Funding Program, Accounts Receivable Financing Facility, Accounts Receivable Funding Facility	Florida (2), California	0.14
Capteris	44	4	$94,000,000	Equipment (3)	TBD	Lease Commitment (2), Equipment Finance Loan, Co-Investment	TBD	0.18
Baker Garrington	86	11	$15,000,000	Accounts Receivable (11)	TBD	Factoring Facility (11)	Texas (4), North Dakota (3), Colorado, Oklahoma, Pennsylvania, Louisiana	0.5
Crestline Investors	60	3	$412,500,000	Portfolio of fund/infrastructure/credit assets (3)	TBD	NAV Loan (3)	TBD	0.13
JD Factors	74	10	$8,850,000	Accounts Receivable (10)	TBD	Factoring Facility (10)	Illinois (2), Quebec (2), British Columbia, Indiana, Washington, Arizona, Tennessee, Texas	0.43

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

Week	Opponent	Result	Score & Top Deal	Top Deal Source
12	Mitsubishi UFJ Financial Group (MUFG): Growth Capital	Loss	0-14 ($2.31B Asian Syndication Refi Geneva, Switzerland)
11	Royal Bank of Canada: Growth Capital	Draw	0-0 (No Decisive Deal)
10	Goldman Sachs	Draw	0-0 (No Decisive Deal)
9	PNC Bank	Draw	0-0 (No Decisive Deal)
8	Natixis: Growth Capital	Draw	0-0 (No Decisive Deal)
7	JP Morgan Chase: Growth Capital	Draw	0-0 (No Decisive Deal)
6	Truist Bank: Growth Capital	Win	14-0 ($175M Brooklyn, NY)	Link to Deal
5	Canadian Imperial Bank of Commerce (“CIBC”): Growth Capital	Loss	0-7 ($387.5M Brossard, Canada)
4	Barclays: Growth Capital	Draw	0-0 (No Decisive Deal)
3	PNC Bank: Growth Capital	Loss	0-14 ($150M Winter Park, FL)
2	Natixis: Growth Capital	Draw	0-0 (No Decisive Deal)
1	JP Morgan Chase: Growth Capital	Loss	0-10 ($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.

Deutsche Bank: Growth Capital

The Blue Chip Conference – Bulls Division

🏀 2026 SEASON (CURRENT)

Tale of the Tape (YTD 2025)

Lender Overview

2025 PERFORMANCE SUMMARY

DEAL FLOW ANALYSIS

IDEAL BORROWER PROFILE

STRATEGIC INTELLIGENCE BY AUDIENCE

STOP PITCHING BLIND. START WINNING WITH CUSTOMIZED MARKET INTELLIGENCE.

SEND INQUIRY TO INFO@THELENDERDRAFT.COM FOR YOUR COMPLIMENTARY REPORT.

The Blue Chip Conference – Bulls Division

🏀 2026 SEASON (CURRENT)

Tale of the Tape (YTD 2025)

Lender Overview

2025 PERFORMANCE SUMMARY

DEAL FLOW ANALYSIS

IDEAL BORROWER PROFILE

STRATEGIC INTELLIGENCE BY AUDIENCE

STOP PITCHING BLIND. START WINNING WITH CUSTOMIZED MARKET INTELLIGENCE. SEND INQUIRY TO INFO@THELENDERDRAFT.COM FOR YOUR COMPLIMENTARY REPORT.

STOP PITCHING BLIND. START WINNING WITH CUSTOMIZED MARKET INTELLIGENCE.

SEND INQUIRY TO INFO@THELENDERDRAFT.COM FOR YOUR COMPLIMENTARY REPORT.