The firm, which also altered its management fee structure, will pursue a ‘similar mix of assets’, according to a statement.
3 min read · 25 June 2018
As private debt continues its rise, the role of the chief financial officer is evolving to keep pace, said speakers and delegates at the inaugural PDI CFOs & COOs Forum this week. That change has not been without growing pains, however. Among the topics on attendees’ minds were service outsourcing; technology; and the nuances of […]
2 min read · 21 June 2018
The twin decisions showcased the different views of recent BDC statute changes the two ratings firms have adopted.
3 min read · 19 June 2018
Ares, Apollo, FS and other BDCs have spent millions since 2011 getting the BDC bill passed.
9 min read · 19 June 2018
The New York-based firm has spent $2.25m on lobbying costs in Washington since 2012, mainly on the BDC bill, public data show.
4 min read · 21 May 2018
The write-downs mainly came from three equity positions and one debt investment.
3 min read · 17 May 2018
Two private mezzanine managers and one business development company were also among the backers of a $60m prepetition ABL backing the firm’s buyout.
2 min read · 16 May 2018
The mid-market lender said it could gain access to additional capital through an equity offering or upping its current leverage profile, but has opted not to in the interest of caution.
2 min read · 14 May 2018
The publicly traded vehicle reported a GAAP earnings per share of $0.57.
2 min read · 10 May 2018
The New York-based BDC also shed all of its non-accruals over the quarter.
2 min read · 10 May 2018
