The New York-based BDC didn’t charge shareholders management or incentive fees in Q2 as it continues to trek through a difficult period for energy investments.
2 min read · 11 August 2016
Tennenbaum’s BDC reported earnings from a strong second quarter that saw $18.5m in net investment income for the Los Angeles-based firm.
2 min read · 10 August 2016
Medley’s BDC cut its dividend after a quarter that saw a sharp decrease in net repayments and no new originations.
3 min read · 09 August 2016
Co-chief executives Chris Flynn and Sam Tillinghast will assume the responsibilities of departing president Hunter Stropp as the BDC looks to join the “flight to quality” in credit markets while analysts question the sustainability of its dividends.
3 min read · 08 August 2016
A fiber-optics telecom company and a military services business, both of which were on non-accrual status in GSBD’s portfolio in Q2, have since been refinanced.
3 min read · 08 August 2016
The $1.7bn vehicle saw assets and income grow, which David Golub said he was especially pleased with at a time of market turmoil.
2 min read · 08 August 2016
While it’s unusual for pension funds to invest in business development companies, Owl Rock has been raking in large cheques from these investors thanks to the strong reputation of its founders and unusually low fees.
3 min read · 04 August 2016
A recent SEC filing has shown that Golub’s BDC was able place a $25m equity stake from an institutional investor as many of its peers struggle in public markets.
1 min read · 01 August 2016
The Swiss bank’s own M&A advisory group is representing the non-traded vehicle in a sales process. Bids were due yesterday.
2 min read · 22 July 2016
FS Investment Corporation, Franklin Square’s BDC, is a first-lien lender to the oil and gas company.
2 min read · 24 June 2016
