In accordance with the idea that size matters, a partnership between FS Investments and KKR, that manages two business development companies, has agreed to merge them.
2 min read · 26 November 2020
BlackRock Capital Investment Corp. will retain its equity ownership of the asset-based lender, its largest portfolio company
2 min read · 05 November 2020
The second quarter will be a crucial reporting period for business development companies, which target their capital at the US economic heartland of SMEs.
9 min read · 01 June 2020
John Kissick is stepping away from the business he co-founded in 1997, with 15-year Ares veteran Kipp deVeer taking his place around the table.
2 min read · 13 February 2020
Consolidation in the BDC world has picked up and could affect the emergence of new groups going forward, says Twin Brook’s Trevor Clark.
1 min read · 06 February 2020
While the BDC sector is riding high, an improvement in reporting standards could attract many more institutional investors, says Cliffwater’s Stephen Nesbitt
2 min read · 28 January 2020
After New York-based MCC faced vociferous opposition to its original internal merger proposal, the firm reworked its offer and is moving ahead with an altered proposal.
1 min read · 06 January 2020
Eversheds Sutherland executive partner Cynthia Krus shares what the coming year likely has in store for business development companies.
4 min read · 26 December 2019
The merger would, as of the end of the third quarter, produce a BDC with investments and commitments of $3.25bn.
2 min read · 10 December 2019
