The board of TICC Capital Corp has rejected a rival bid for control of the firm from TPG Specialty Lending. The BDC’s board is still recommending the switch from its own underperforming investment advisor to Benefit Street Partners, which was announced last month.
3 min read · 16 September 2015
The FSIC IV vehicle plans to offer 250 million shares at $10.60 per share to raise up to $2.65 billion.
2 min read · 16 September 2015
The firm reported strong second quarter earnings with net investment income per share more than covering the firm’s 35 cent per share dividend.
3 min read · 11 August 2015
The US lender’s business development company has been doing most of its deals with repeat sponsors and borrowers via unitranche loan deals.
2 min read · 10 August 2015
The US lender’s business development company put 85 percent of the new deals into one-stop loans.
1 min read · 13 July 2015
Steven Noreika has been promoted to chief financial officer of the Connecticut lender’s two BDCs.
1 min read · 10 July 2015
Dan Cohn-Sfetcu joins the firm in New York to originate and execute mid-market credit investments for Carlyle GMS Finance and NF Investment Corp.
1 min read · 27 May 2015
The MCG Capital Corporation still plans to sell its portfolio to PennantPark and merge with the PennantPark Floating Rate Capital, after reviewing a counter-offer from HC2 Holdings, a BDC set up by Phil Falcone.
2 min read · 19 May 2015
The business development company of the alternative investment firm has earned a steady 10 percent yield on its investments.
3 min read · 11 May 2015
The US investment firm has raised $2 billion for its first direct lending fund and is considering starting a business development company, too.
1 min read · 06 May 2015
