The MCC Special Committee declined it, saying it wouldn’t maximise value for shareholders as much as the current proposal.
3 min read · 04 February 2019
The firm’s credit branch exited the bulk of its direct lending assets after ending its sub-advisory relationship with FS Investments’ BDCs.
2 min read · 31 January 2019
Much of the credit manager’s decline in performance revenue was attributed to unrealised mark-to-market in the insurance company.
2 min read · 31 January 2019
The activist investor is taking a stand after Alcentra’s mid-market lending vehicle didn’t buy back 10% of its stock in 2018.
2 min read · 29 January 2019
The Institutional Shareholder Service recommends voting in favour of the proposed transaction, despite more than 11% of MCC shareholders coming out against it.
1 min read · 28 January 2019
The two entities created a joint venture with $125m of committed capital with the hope of acquiring additional financing.
2 min read · 23 January 2019
MCC has faced scrutiny from shareholders over plans to merge with MDLY, despite an independent committee finding it to be the best option for the portfolio’s performance.
3 min read · 22 January 2019
The BDC has originated $11.1 billion of loans since its inception almost three years ago.
1 min read · 17 January 2019
Jeffrey Levin’s duties will be divided among the firm’s other executives.
2 min read · 15 January 2019
