BDC

How the largest BDCs are approaching the increased 2:1 debt-to-equity leverage

More BDCs have laid out plans to ask shareholders to increase their borrowing capacity.

WATCH: The debt dilemma facing BDCs

PDI explores what investors need to know about BDC legislation allowing increased use of leverage.

Sierra Income to acquire MCC and MDLY

The combined vehicle’s pro forma assets would be close to $2bn, according to an investor presentation.

Owl Rock to target tech, life science companies with new BDC

The firm’s flagship mid-market lending vehicle currently has around 5% of its investments in technology.

FS, KKR BDCs land $3.4bn revolver with syndicate of more than 20 lenders

The two financial firms plan will save in the aggregate of up to $10m due to lower interest rate spreads.

GSBD to take investment risk profile into account for new target leverage

The alternative lender’s quarterly net investment income covered its $0.45-a-share dividend.

ARCC ups dividend for first time since Q3 2012

Ares Management’s BDC, which saw net outflows from its portfolio, experienced strong realised and unrealised gains of 22 cents a share.

Oaktree raises $720m for senior debt, touts direct lending as growth area

The Los Angeles-based firm also held closes on its latest transportation and special situations funds.

KKR and FS set to merge BDCs, making world’s second largest

The two firms have been operating their two public BDCs and four private BDCs under a single advisory agreement since April.

Asset allocation model boosts projections for private debt returns

With interest rates and inflation on the rise, consultant Cliffwater raises return expectations across most asset classes.