Ares Capital Corporation and American Capital will combine to create a $12bn business development company.
1 min read · 15 December 2016
The BDC, focused on senior floating rate debt, showed a slight bump in net asset value in Q3, but is still down year-on-year.
2 min read · 15 December 2016
The firm also boosted its net investment income in its fourth fiscal quarter versus the same time last year.
2 min read · 14 December 2016
The firm has raised $500 million since it last reported total capital commitments.
2 min read · 12 December 2016
Medley’s stock continued to trade at a discount as the management expressed a strong commitment to following through on its share repurchases.
3 min read · 09 December 2016
The two men, who helped lead the Swiss bank's BDC, are hoping to bring their entire team along as they look for a home for their direct lending business.
2 min read · 10 November 2016
The credit behemoth saw performance-related earnings swing wildly to report a large gain followed by a loss at the same time last year.
2 min read · 08 November 2016
The firm originated $138m in loans across the last quarter with more than half first lien debt financings and around a third second lien.
2 min read · 08 November 2016
The California-based BDC focused on venture capital-backed and emerging companies came close to its $1.35 billion portfolio target last quarter.
2 min read · 04 November 2016
Earlier this year, the firm executed the largest ever BDC deal and has since followed up on it by supporting another massive buyout.
2 min read · 03 November 2016
