BDC

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.

The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.

The second-quarter equity fundraise for credit of $1.8bn was about one-tenth of last year’s.

Ares Management raises a record $36.4bn in capital and deploys $36bn

Blackstone, in an SEC filing, says the recent departures of BDC executives were not due to disagreements; Marshall will be sole BDC CEO.

The legislation could provide new impetus for credit managers to back the most important sectors and regions for the US economy, writes Damien Dwin.