BDC

Europe may be catching the eye of an increasing number of investors but most market participants believe the region will struggle to gain much ground on the US.

The cash-and-stock deal calls for holders of MidCap Financial Investment Corp to receive a 30% premium to the pre-deal price.

The firm’s bet on financing AI and its focus on investment-grade and ABF helped pick up the slack, however.

Although Australia is seeing real-estate related pressure, concerns about runs, repurchases, PIK and software appear overblown, some observers agree.

The asset class continues to gain momentum among institutional investors, giving smaller managers in niche areas a chance to show off their credentials.

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.