The New York-based BDC of Owl Rock Capital Partners has made loans to companies operating in the manufacturing, food and beverage, healthcare equipment and aerospace/defence industries.
2 min read · 15 August 2016
Executives on Medley Management’s earnings call were hopeful that future AUM growth around new products and existing dry powder will justify the 20 cent dividend, which was 6 cents above its core net income in Q2.
3 min read · 15 August 2016
The two BDCs at Fifth Street Asset Management continue to post deteriorating financials as the parent company battles reputational issues.
2 min read · 15 August 2016
The US regulator governing broker-dealers is seeking information from unlisted business development companies to ensure their suitability for retail investors.
2 min read · 11 August 2016
The Los Angeles-headquartered alternative investment firm raised $400m towards a US direct lending fund in Q2. The firm is said to be aiming for $2.5bn.
2 min read · 11 August 2016
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
