The business development company will charge a 1.5% management fee and a 17.5% incentive fee over a 6% hurdle rate post-offering.
2 min read · 19 July 2019
Manuel Henriquez, also the venture debt lender’s former chairman and founder, stepped down after prosecutors charged him with taking part in a college admission bribery operation, to which he pleaded not guilty.
2 min read · 17 July 2019
Reasons for longer-term vehicles in private debt are growing, with one being the requirement to support businesses traditionally backed by banks.
2 min read · 04 July 2019
The firm has announced a definitive interest purchase agreement to obtain a majority share of CM Investment Partners.
2 min read · 28 June 2019
The partnership will allow TPG Sixth Street Partners to expand its energy strategy beyond providing loans to oil and gas companies.
2 min read · 13 June 2019
The combination of four private business development companies, on a pro forma basis, will be larger than its publicly traded counterpart, FS KKR Capital Corporation.
1 min read · 05 June 2019
The country’s 10 largest public business development companies have taken different approaches to accessing debt.
6 min read · 03 June 2019
The firm has grown quickly since it was founded a little more than three years ago and now has two BDCs that manage much of its capital.
1 min read · 21 May 2019
Volatility in Q4 2018 dragged on performance across the market, but a dispersion of results in the first quarter offer a more accurate reflection.
4 min read · 21 May 2019
The BDC’s asset-based investments are targeting an unlevered gross return in the mid-teens, with commitments made in the first quarter to an aircraft leasing company and a mortgage lender.
2 min read · 13 May 2019
