The $1bn fund invested just $7.4mn in the fourth quarter, citing the tumultuous market environment as the reason why it opted to stay on the sidelines.
2 min read · 07 March 2016
The business development company posted an increase in net assets and flat investment income at a time when rivals are being hit by energy declines and market volatility.
2 min read · 09 February 2016
The Bain Capital-owned credit firm has preliminary SEC filings in the works that outline the firm’s intentions to set up a private business development company.
3 min read · 18 December 2015
RiverNorth Capital Management, which owns 6 percent of Fifth Street Finance Corp shares, sent a letter to the BDC’s board outlining concerns over mismanagement and poor performance. The firm has demanded new board members and strategic changes to enhance stockholder value.
4 min read · 17 November 2015
The hedge fund firm owns an 8.4 percent interest in American Capital and has advised shareholders to vote against the planned spin-out, saying it’s unlikely to create value for stockholders.
2 min read · 16 November 2015
The business development company’s assets by fair value have grown to $1.146 billion, up 39 percent year-on-year.
2 min read · 10 November 2015
Analysts rate the proposed BDC spin-out overweight, saying they see the potential restructuring unlocking significant shareholder value.
2 min read · 09 November 2015
Management of the Apollo Investment Corporation has so far bought back $21.2 million of shares through its $50 million stock repurchase programme, at a time when the BDC has been posting losses on the back of struggling oil & gas investments.
2 min read · 09 November 2015
Ares Capital Corporation and American Capital both announced share repurchase programmes this week in an attempt to bolster stock prices which are trading at discounts to NAV.
2 min read · 29 September 2015
Conergy’s original credit facility was arranged last year by Deutsche Bank with $60m in funding from Tennenbaum Capital Partners.
2 min read · 17 September 2015
