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Bain BDC wins leverage approval from shareholders
5 years 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" claims
5 years 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 merger
5 years 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" dispute
5 years 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 pension
5 years 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 increase
5 years 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 company
5 years 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 billion
5 years 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 merger
5 years 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) -
Owl Rock rakes in $1.53 billion for tech-focused BDC
5 years ago
Owl Rock Capital is spreading its fundraising wings, with the New York-based manager raising at least $1.53 billion for its technology-focused business development company -
New Jersey pension fund allocates $100 million to tech-focused BDC
5 years ago
The State of New Jersey Department of Treasury has awarded $100 million to a direct lender's sector-focused BDC -
Shareholders approve new leverage limits for TPG BDC
5 years ago
Shareholders for TPG Speciality Lending have approved the decision to decrease minimum asset coverage ratio to 150%, following an 8 October vote -
Bain looks to go public with $1.3 billion BDC
5 years ago
Boston-based Bain Capital Credit is going public with its $1.3 billion business development company with an initial public offering -
BDCs find variety of routes to higher leverage but remain cautious of two-times limit
5 years ago
Business development companies have been granted flexibility by US regulators, but there seems to be little consensus on the best way to take advantage -
Goldman's BDC receives 95% shareholder approval for leverage increase
5 years ago
Following recent regulatory changes, the $1.23 billion Goldman Sachs BDC has received a 95% shareholder approval to raise its debt to equity ratio from a one-to-one to a two-to-one ratio -
FS and KKR merge BDCs to create second-largest publicly traded BDC
5 years ago
FS Investments and KKR Credit yesterday agreed to merge FS Investment Corporation (FSIC) and Corporate Capital Trust (CCT), in a move that has created the second largest publicly-traded BDC behind Ares Capital Corporation -
BlackRock expands US private debt capabilities with TCP acquisition
6 years ago
BlackRock has agreed to acquire $9 billion asset manager Tennenbaum Capital Partners -
Oak Hill BDC's assets continue to nosedive as board explores options
6 years ago
As it continues to bleed assets, Oak Hill Advisors’ direct lending business development company (BDC) has jettisoned the last of its energy assets -
Ares and Varagon expand direct lending JV to $6.4 billion
6 years ago
Ares Capital and Varagon have expanded their joint venture’s investment capacity by $3.5 billion -
TCW seeks to ramp up potential BDC
6 years ago
TCW is ramping up a new fund that intends to operate as a business development company (BDC) – having just hired a TCW affiliate as investment advisor and manager -
Antares teams up with Bain for direct lending after LStar JV ends
6 years ago
The joint venture, to be named the Antares Bain Capital Complete Financing Solution, replaces Antares’ previous unitranche product, Middle Market Growth Program -
AB reports highest AUM since 2008 as it launches BDC
6 years ago
The firm generated total net inflows of $4.5 billion for the quarter, a big improvement from the $15.3 billion in the outflows in last year’s third quarter -
US manager taps ex-Credit Suisse chiefs to spearhead direct lending unit
6 years ago
The former co-heads of middle-market lending at Credit Suisse are spearheading a new US direct lending business -
Recent start-up Freedom 3 sets up mid-market JV with KCap
6 years ago
New York-based mid market lender Freedom 3 has set up a joint venture with KCap Financial, the listed parent company of credit managers Trimaran Advisors and Katonah Debt Advisors -
Hercules backs off from contract switch amid investor revolt
6 years ago
Hercules Capital has cancelled a planned shareholder meeting in which it was seeking approval for a controversial switch from internal to external management
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