BDCs ramp up CLO issuance, but stifle investment appetite1 month ago
As business development companies (BDCs) turn to CLOs as a financing tool, they are reducing their investments in CLO liabilities.
Barings shows way forward with BDC-sponsored CLO2 months 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.
KKR and FS Investments' BDC platform markets new issue CLO3 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
LibreMax strikes CLO equity deal after acquiring Trimaran4 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.
Mid-market CLO managers can escape risk retention with business development co, SEC confirms11 months ago
Middle market managers issuing CLOs can escape risk retention requirements through a business development company, according to a no-action letter from the SEC to Golub Capital
CLO investor TICC rebrands as Oxford Square1 year ago
TICC Capital has changed its name to align its branding more closely with its affiliates
Apollo sells two CLO positions from its BDC after 21%-plus returns2 years ago
Apollo Global Management has reduced the structured credit exposure it held in its business development company
Goldman Sachs makes progress on ramping $1 billion mid-market fund2 years ago
Goldman Sachs has made progress in ramping up a recent mid-market loan fund, according to recent regulatory filings
CLO equity investor Prospect warns of excess refi supply2 years ago
Prospect Capital remains committed to refinancing its CLO portfolio, but officials at the firm have cautioned that the recent spike in CLO refis and resets could be overwhelming the market with excess supply
Pension fund supports TPG private credit push with $60 million mandate2 years ago
TPG’s hopes of expanding its lending platform have been given a boost after the asset manager won a $60 million private credit mandate from a US pension fund
Nexpoint makes hostile takeover bid for BDCA2 years ago
Highland Capital Management affiliate NexPoint Advisors has made a bid to take over management of Business Development Corporation of America
Direct lender FS commits $830 million in Q2 mid-market push2 years ago
FS Investments, the firm formerly known as Franklin Square, has announced that its direct lending platform made over $830 million in new mid-market loans in the second quarter
Pension fund awards new credit manager $150 million for BDC3 years ago
A new credit firm, led by senior officials including one of the founders of GSO Capital Partners, has won a $150 million mandate for a private credit strategy
Chief investment officer for Apollo BDC resigns3 years ago
Apollo Global Management has made changes to its line-up after its global co-head of direct lending resigned
Ares agrees to buy American Capital business for $3.4 billion3 years ago
Ares Capital Corporation, the business development company run by Ares Management, has agreed a deal to acquire American Capital for $3.4 billion
Bank research takes aim at Prospect Capital over CLO equity marks3 years ago
Further concerns have been raised about Prospect Capital’s (PSEC) CLO equity marks in a scathing equity research piece titled "The more things change, the more they stay the same."
Industry stars sign up as speakers for Private Credit3 years ago
Top names from across the middle-market lending business, including David Brackett of Antares, Ken Kencel from Churchill Asset Management and Kayne Anderson's Jim Hunt will lead the speaker line up at Creditflux's Pivate Credit event in New York
Prospect Capital explains new CLO trading strategy3 years ago
Officials at Prospect Capital gave an insight into the company's CLO investment strategy last week during an earnings call.
BDC puts $22 million towards CLO warehouse line4 years ago
A BDC has contributed to a CLO being planned by one of its asset managers
BDC considers launching new US CLO management unit4 years ago
A BDC manager, which has not previously invested in CLO equity, is eyeing a CLO management business as it seeks growth in broadly syndicated loans
THL becomes latest BDC to cut CLO equity investments4 years ago
BDC managers are turning away from CLO equity and refocusing on middle-market loans
CLO manager joins Prospect's approved list after secondary market trade4 years ago
Prospect Capital has been active in the secondary CLO market after purchasing control of a 2014 deal overseen by a boutique CLO manager
Carlyle bolsters its US mid-market team with hire from American Capital4 years ago
The Carlye Group has announced the hire of Dan Cohn-Sfetcu to its middle-market US business.
Carlyle markets its first mid-market CLO in low-levered deal4 years ago
The Carlyle Group is preparing its first in-house middle market CLO, according to market sources. The deal will be 2.17 times levered, and is expected to price next week.
BDC manager Medley makes big hire to marketing team4 years ago
Middle-market lender Medley has made a big-name hire to its marketing team in New York
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