The deal will add $9bn of private debt assets to BlackRock and bring in an experienced credit management team.
2 min read · 18 April 2018
Getting the nod from a BDC’s equity investors to increase borrowings would be more efficient and engender goodwill.
3 min read · 12 April 2018
Barings has set the stage for a turnaround of the BDC through a shareholder-friendly fee structure and a commitment to slowly building out a portfolio of privately originated senior loans – but it will take some time, analysts say.
5 min read · 10 April 2018
FS Investments and KKR have closed the deal to create a new $18bn platform, wrapping together six BDCs.
1 min read · 09 April 2018
Additional leverage may mean higher fees for shareholders if BDC managers do not alter their fee structure.
4 min read · 05 April 2018
The triparty transaction would allow Barings to construct a senior debt-focused portfolio ‘from scratch’.
3 min read · 04 April 2018
The two companies are among the first managers to take action on the new statute, which raises the allowed debt-to-equity ratio from 1:1 to 2:1.
3 min read · 02 April 2018
The new arrangement is all but complete, with the shareholders of all requisite BDCs signing off on the marriage. An upside in their stock price, however, has been outweighed by other factors.
7 min read · 30 March 2018
Will BDC investors remain on safe ground or will they be imperilled by new regulations around the use of leverage?
2 min read · 29 March 2018
