Barings’ latest investment vehicle made $87m in mid-market commitments in the third quarter and $72m from quarter-end through early November.
2 min read · 12 November 2018
The vehicle expects to list with a stock price between $20.25 and $21.25, with 7.5m shares of common stock being offered.
2 min read · 08 November 2018
FS Investment Corporation (FSIC) and Corporate Capital Trust (CCT) have set aside plans to merge their publicly-traded business development companies with their four non-traded BDCs. The firms announced the development on their respective third-quarter earnings calls, with both management teams citing stock prices as a driving factor in the decision. Both firms are trading at […]
2 min read · 08 November 2018
The firm has said it will continue to up its leverage levels if it sees ‘attractive’ first lien loans.
2 min read · 05 November 2018
The firm’s direct lending strategy also holds the keys to the vast majority of its shadow assets under management, or those that have yet to begin earning management fees.
2 min read · 01 November 2018
A US regulation aimed at providing investors greater clarity has resulted in a less engaged BDC shareholder base. Moves to spark change are afoot.
2 min read · 01 November 2018
The firm had been planning to raise up to $100m from the offering, which would have seen the BDC listed on the New York Stock Exchange, to pay off debt and fund investment activities.
2 min read · 19 October 2018
The firm received over $750m in equity capital and created its third BDC.
2 min read · 18 October 2018
The firm’s performing credit strategies have returned 9.4% for the last 12 months, significantly outperforming its distressed strategies, which have returned 4% over the same period.
3 min read · 18 October 2018
Bain Capital Specialty Finance , which has more than $1.2bn in assets, is set to list on the NYSE.
2 min read · 12 October 2018
