The Apollo BDC, which owns equity in the company, shed its subordinated debt positions in the second quarter, as did the New Mountain BDC.
2 min read · 05 October 2018
The firm, which collected $5.5bn for its first BDC, will commit between $20m and $500m per transaction.
2 min read · 28 September 2018
The credit veteran emphasises caution will win the day in his latest memo.
3 min read · 27 September 2018
The New York-based alternative lender won approval from its shareholders in March to tap additional borrowing capacity under new US federal statutes.
2 min read · 19 September 2018
Favoured for their relative liquidity, versatility and tax efficiency, Business Development Corporations are an increasingly prominent segment of the private debt market. Here are key developments from the past six months.
4 min read · 03 September 2018
More BDCs have laid out plans to ask shareholders to increase their borrowing capacity.
1 min read · 22 August 2018
PDI explores what investors need to know about BDC legislation allowing increased use of leverage.
1 min read · 21 August 2018
The combined vehicle’s pro forma assets would be close to $2bn, according to an investor presentation.
2 min read · 13 August 2018
The firm’s flagship mid-market lending vehicle currently has around 5% of its investments in technology.
2 min read · 13 August 2018
The two financial firms plan will save in the aggregate of up to $10m due to lower interest rate spreads.
2 min read · 10 August 2018
