Bain has agreed to commit up to $425m to the vehicle, which can underwrite loans of up to $350m.
2 min read · 20 March 2018
The New York-based BDC’s stock price hit its lowest levels as the alternative lender said it will focus on, among other things, lowering its statutory leverage levels.
3 min read · 15 March 2018
The firm posted a net investment income for the year of $1.08 per share, falling just short of the $1.12 in dividends it paid out last year.
2 min read · 12 March 2018
The publicly traded BDC said historic investments in junior debt and non-sponsored companies and a highly concentrated portfolio have caused the firm’s shares to trade at a discount to book.
3 min read · 08 March 2018
In an analyst question-and-answer session, the BDC’s unrealised/realised losses and dividend coverage overshadowed a shareholder vote on the joint venture with FS Investments later this month.
3 min read · 07 March 2018
One of the BDC’s new investments is a portfolio company of Francisco Partners, a large technology private equity firm.
2 min read · 06 March 2018
The development comes on the heels of some credit quality issues in the New York-based mid-market lender’s portfolio, which were announced for the third quarter.
3 min read · 06 March 2018
The FS-KKR BDC combination would manage approximately $18bn of assets.
2 min read · 05 March 2018
The mid-market lender’s largest new investment was in a telecommunications company in which plenty of other BDCs also have a position.
2 min read · 28 February 2018
