BDC

HLEND filled close to 44% redemption requests, prorated; BDEBT filled 100%, no proration.

Despite discussions of declining investor demand for liquidity, both funds saw requests for double-digit amounts of shares to be tendered

The US private credit market puts in a strong performance despite market headwinds.

Retail money may be fleeing BDCs right now, but that doesn’t mean private credit’s dalliance with retail money is over, writes David Brooke.

Grier Eliasek of Prospect Capital says a bifurcation in direct lending approaches has led to a proliferation in mid-market opportunities in the US, benefiting firms with the right resources.

The PEI Private Credit BDC ranking looks at the biggest managers of business development companies in North America, with rankings for both public and private BDCs.

The worst of the software sell-off phase may be over, but private credit firms are still assessing the extent to which it will impact US portfolios over the coming months and years. David Brooke reports.

Hysteria in the business development company market has given way to a calmer search for liquidity options.

Stanger report also sees highs in redemption requests: 10.4% of NAV in Q and 12.4% in Q2.

Amid general decline in originations, tech lender’s CEO credits firm’s relationships, discipline and support for its growth borrowers.