The firm posted a net investment income for the year of $1.08 per share, falling just short of the $1.12 in dividends it paid out last year.
2 min read · 12 March 2018
The publicly traded BDC said historic investments in junior debt and non-sponsored companies and a highly concentrated portfolio have caused the firm’s shares to trade at a discount to book.
3 min read · 08 March 2018
Distressed debt investing is flavour of the month, but requires deep sourcing and operational expertise. Does everyone have that?
3 min read · 08 March 2018
Neither departed employee indicated a rationale for their exit or future plans.
2 min read · 07 March 2018
In an analyst question-and-answer session, the BDC’s unrealised/realised losses and dividend coverage overshadowed a shareholder vote on the joint venture with FS Investments later this month.
3 min read · 07 March 2018
One of the BDC’s new investments is a portfolio company of Francisco Partners, a large technology private equity firm.
2 min read · 06 March 2018
The development comes on the heels of some credit quality issues in the New York-based mid-market lender’s portfolio, which were announced for the third quarter.
3 min read · 06 March 2018
The FS-KKR BDC combination would manage approximately $18bn of assets.
2 min read · 05 March 2018
The partnership comes amid the manager’s fundraising for a 2016-vintage vehicle.
3 min read · 05 March 2018
