BDCs ramp up CLO issuance, but stifle investment appetite15 days ago
As business development companies (BDCs) turn to CLOs as a financing tool, they are reducing their investments in CLO liabilities.
OFS BDC forms senior loan subsidiary with $150 million credit facility22 days ago
OFS Capital Corporation has established a subsidiary to focus solely on senior loans
FS and KKR create $9 billion publicly-listed BDC with four-way merger1 month ago
The move would create the second largest BDC by assets under management
Barings shows way forward with BDC-sponsored CLO1 month ago
The unusual move by Barings BDC to issue a US CLO suggests a new way for BDCs to lock in cheap financing and withstand volatility.
Barings BDC forms $550 million JV with South Carolina pension2 months ago
The new joint venture will invest in both liquid and illiquid credit
KKR and FS Investments' BDC platform markets new issue CLO2 months ago
KKR and FS Investments’ business development company, FS KKR Capital Corp, is marketing a new issue CLO via Citi named FS KKR MM CLO 1
Medley signs agreement with activist shareholder over three-way merger3 months ago
The Medley saga continues...two board of directors have been appointed and several ammendments have been made to the merger agreement
Alcentra BDC explores 'strategic alternative' plans to add value3 months ago
Alcentra has appointed financial advisor Houlihan Lokey to evaluate 'strategic alternatives' for its business development company
LibreMax strikes CLO equity deal after acquiring Trimaran3 months ago
LibreMax is a name associated with managing hedge funds, but the firm is expanding into long-term strategies, geared towards lock-up funds.
Medley BDC loses compliance with NYSE as two directors depart3 months ago
The Medley marathon continues after two "independent" directors offered their resignations. The pair were named in a lawsuit last month with activist shareholders FrontFour
Alcentra BDC assigns new CEO4 months ago
Business development company Alcentra Capital Corporation has named a new chief executive officer, saying "this is the right time for these transitions"
Marathon proposes alternative to long-running Medley BDC merger dispute4 months ago
Marathon has joined the race to take on two business development companies managed by Medley
"It makes no sense in a one-to-one world": Goldman BDC dissolves JV with pension fund4 months ago
Goldman Sachs BDC (GSBD) has dissolved its joint venture partnership with Regents of the University of California as the Senior Credit Fund “no longer makes sense in a one-to-one world”, according to the business development company's Q4 2018 earnings call.
Capitala BDC forms $150 million mid-market JV with Kempner4 months ago
Capitala Finance Corporation and Kemper subsidiary Trinity Universal Insurance Company have teamed up to launch another direct lending joint venture, following a loan-focused JV in 2015
Benefit Street affiliate BDC buys stake in ABL lender Siena4 months ago
Business Development Corporation of America (BDCA), a non-traded business development company managed by Benefit Street Partners, has bought a controlling stake in Siena Capital Finance
SEC proposal could strengthen BDCs’ power to purchase funds5 months ago
The Securities and Exchanges Commission (SEC) has released proposals to allow regulated US funds, including listed funds, closed-end funds and business development companies (BDCs), to acquire shares of other regulated funds in excess of current limitations
Bain BDC wins leverage approval from shareholders5 months ago
Bain Capital Speciality Finance has won shareholder approval to double the amount of leverage it can use
Medley and Sierra fight back over NexPoint's "$225 million value" claims5 months ago
Medley Capital Corporation and Sierra Income Corporation have issued a joint statement disputing facts claimed by Highland affiliate NexPoint Advisors
FrontFour continues to urge shareholders to vote against Medley BDC merger5 months ago
FrontFour Capital Group, a shareholder with 3.8% ownership of Medley Capital Corporation, has issued yet another statement for shareholders to vote against the proposed merger of Medley Management with Sierra Income Corporation.
Activist nominates directors to Alcentra BDC's board amid "shareholder value" dispute5 months ago
Activist group Stilwell is seeking board representation for the $248.6 million BDC, as Alcentra "fails to maximise shareholder value"
WhiteHorse forms $125 million middle-market JV with Ohio pension5 months ago
The $79.8 billion Ohio pension fund has teamed up with WhiteHorse to form a joint venture that will have a $375 million total lending capacity
BlackRock BDC seeks shareholder approval to fast-track leverage increase6 months ago
BlackRock TCP Capital Corp has become the latest business development company to seek shareholders’ approval to double its use of leverage
BC Partners buys into KCAP business development company7 months ago
BC Partners has agreed to take over management of business development company KCAP Financial from KCAP Financial Advisors
Carlyle closes private business development company at $1.9 billion7 months ago
Carlyle Group has closed its second business development company, TCG BDC II, raising a total of $1.9 billion
Golub Capital BDC looks to become fourth largest publicy traded BDC with merger7 months ago
Golub Capital is seeking approval from its shareholders to merge its Golub Capital business development company (GBDC) with another one of its business development companies, Golub Capital Investment Corporation (GCIC)
Want all the latest news, comment, analysis and data?